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MINUTES <br />CITY COUNCIL <br />NOVEMBE.R24, 2004 <br />This start day was delayed as they had hoped to find a major tenant for the <br />building before commencing construction. Sherman reported that there <br />was also more contamination found in the soils than anticipated, and <br />excavation and clean-up of the property should start on December ]'". <br />Sherman estimated that this process would take six weeks, and that <br />building construction would proceed on both the office building and <br />townhomes over the winter months. <br />Sherman indicated that they have signed purchase agreements on the two <br />pads on the north side of US Bank. One is for a coffee shop and the other <br />either a 6,000 square foot retail building or awell-known family <br />restaurant. Sherman stated that the City may have issues with the <br />restaurant given the architectural guidelines for the area. I~towever, the <br />restaurant would like to make a presentation to the City Council. <br />I3lesener asked the status of US Bank Sherman reported that he contacted <br />them again, and they are still not interested in participating in the <br />redevelopment project. <br />Sherman noted the TIP documents in place for the redevelopment area and <br />asked the >/DA for revisions to the development agreement and purchase <br />agreement reflecting extensions to start dates as he just explained. <br />Mr. LaValle introduced the following resolution and moved its adoption: <br />RE.S'OLUTION NO. 2004-1 ]-7 -APPROVING TAE FIRST <br />AMENDMENT TO DEVELOPMENT AGREEMENT BETWEEN THE <br />EDA AND THE VII LAS AT I ITTL E CANADA I_L C, SUBJECT TO <br />ANY MINOR AMENDMENT S DEEMED NECESSARY BY BRIGGS <br />AND MORGAN, AND SUBJECT TO RETM73URSBMENT OELEGAT. <br />COSTS 13YSF/ERMANASSOCIATES, AND AUl'ZTORIZING THE <br />PRESIDENT AND SECRETARY TO E,A'ECUTB THE APPROPRIATE <br />DOCUMENTS ON 13EHA/ P OIL TIIE ECONOMIC DEVELOPMENT <br />A UTHORIT I' <br />The foregoing resolution was duly seconded by Montour. <br />Ayes (5) LaValle, Montour, Allan, Fahey, Blesener. <br />Nays (0). '~Resolutiou declared adopted. <br />Mr. LaValle introduced the following resolution and moved its adoption: <br />RESOI UTION NO. 2004-YT-R -AMENDING TIIE PDRCHASE <br />AGREEt14ENT AND THE RIGHT OF ENTRY AGREEMENT FOR <br />THE V/LLA(iE OF I_ITTI_E CANADA, SUBJECT TO ANY MINOR <br />AMENDMEN'T.S DEF_MED NECESSARYBYBRIGGSAND <br />