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MINU7'TS <br />CITY COUNCIL <br />FEI3RUAI2Y 23, 2005 <br />LaValle suggested that discussion of this matter be tabled so that the <br />individual Council Members can look at some of the streets told bow they <br />are posted. Blesener and Montour agreed. Montour noted, however, that <br />there has been no reason in the past live years to change the postings that <br />were enacted in 2000. <br />Mr. Montour introduced the following resolution and moved its adoption: <br />RES`OLUT7ON NO. 2005-2-54 -TABLING ACTION ON THE ISS'IJE <br />Ol~ PARK/NG RL'STRIC77ONS UNTIL. THE MARCH 23, 2005 <br />COUNC7/. MEETING <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Montour, LaValle, Keis, Blesener, Allan. <br />Nays (0). Resolution declared adopted. <br />PURCHASI: The City Administrator reported that Gordie Howe and Blue Chip <br />AGRT~>;MENT Properties have requested that they be released flan the purchase <br />FOI2 agreement from the County Road B property owned by the City. In <br />COUNTY analyzing their potential development of this site, the costs have become <br />ROAD B too high to make their project cost-effective. The Administrator noted <br />PROPERTY that Mi'. I-Lowe and I31ue Chip Properties have paid escrow dollars to the <br />City. The Administrator indicated that if the City is agreeable to releasing <br />the purchase agreement, he would recommend that the City market the <br />property on its own via a sign on TTighway 36. <br />Blesener asked ii'the City has incurred any costs relative to entering into <br />the purchase agreement. The City Administrator indicated that there has <br />been opporhmity costs ~~iven the property has been off the market He <br />also indicated that there may have been some engineering costs incurred in <br />reviewing some preliminary development proposals. <br />Mr. Blesener inh'oduced the followhig resolution and moved its adoption: <br />RESOLUTION NO. 2001-2-55 - CANCELI LNG %NE PURCHASE <br />AGREEA9ENT W777~1 GORDIE HOfPEAND BI UE CBIP <br />PROPFRTTES FOR T/IE COUN"!'1' ROAD B LAND SUB.IECT1'O <br />REIA9BU2S"EMEN%'Ol~ CITY COS7~4ASSOCIATED WITH THIS <br />AGREEII~IENT <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Blesener, LaValle, Allan, Montour, Keis. <br />Nays (0). Resohition declared adopted. <br />IS <br />