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M1NUTI;S <br />CITY COUNCIL, <br />JULY 9, 2002 <br />The foregoing resolution was duly seconded by Montour. <br />Ayes (4) Scalae, Montour, Anderson, Fahey. <br />Nays (0). Resolution declared adopted. <br />BLACKTGRN The City Administrator reported that the Council recently approved the <br />OFTICT'JS - property line cornbinalion for some adjoining units at L3lacktern Office <br />PROPI/RTl' Park. However, in preparing to record these combinations with the <br />LINK: ISSUE County, the property owners are having ditTiculty given deed restrictions <br />that exist as part of this town o17ice development. To resolve the issue of <br />having an opening between two separate properties, it is staff's <br />recommendation that a covenant be recorded against these properties <br />which will require that the openings be closed in the event the units are <br />sold separately or arc put to separate use. "T'he Administrator <br />recommended that the City Attorney review and approve this covenant <br />prior to recording. <br />Nlr. Fahey introduced the following resolution and moved its adoption: <br />CtE.SOI.UTlON n'U. 20(12-7-161 - REQUIRING TI/AT !N 1./EU OFA <br />COi14BINATION OF (/NITS' A%' RLAC/(TERN OFF/CE PARK, THAT <br />RE,S'TRICTlVE COL'L3NAiA'):S' ltE RECORDED ACiA/NST THE <br />,SUB.IECT PROPERTI' IZE~U!/lING T//E CLOSING OF THE <br />OPls'NlNG BETN~EEN Un'17:5 AT.SUC/1 TIMEAT THE UNITS ARE <br />SOLD SEPA/lA I'El, P AIVD/OIZ I'l/!' U.SLi OF THESE UNITS ARE <br />N0T /NTANDEn9, LVlTH TICS C/TYATTORNF_3'TO REV/EWAND <br />,~I PPROI~E TI/E COt~IZNANT PRIOR TO RECORDING, AND <br />;1 UI'HORlZ/NG T!lE A4f11'(IR AND C/T3'fl DR9INLSTRATOR TO <br />EXECUTE THI CY)NVEA;~I NT ON 13L;'l/A1.F OF THE C/TY <br />The toregoing resolution was duly seconded by Anderson. <br />Ayes (4) Fahey, Anderson, Scel~e, Montour. <br />Nays (0). Resolution declared adopted. <br />BUSINESS 'The City Adminish<rtor reported that he will be drafting guidelines for the <br />REVOLVING E3usiness Revolving Loan 1=und Program based on the Council's <br />LOAN FUND discussion at the worlahop meeting this evening, Those guidelines will <br />then be reviewed b~~ the Plannin<, C'ommission prior to submission to the <br />Council. <br />S <br />