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MINUTES <br />CITY COUNCIL & EDA <br />February 7, 1990 <br />The foregoing resolution was duly seconded by Scalze. <br />Ayes (5) Blesener, Scalze, Collova, Fahey, LaValle. <br />Nays (0). <br />Resolution declared adopted. <br />As a member of the EDA, Mr. Collova introduced the <br />following resolution and moved its adoption: <br />RESOLUTION NO. 90-2-6 - IN THE EVENT THAT TAE CLOSINGS <br />ON THE FIRE STATION PROPERTIES DO NOT OCCUR ON FEBRUARY <br />8, 1990, THE ECONOMIC DEVELOPMENT AUTHORITY APPROVES AN <br />ALTERNATIVE TRUST INDENTURE AND INSTALLMENT PURCHASE <br />CONTRACT AS THE OPERATIVE DOCUMENTS AS PART OF THE FIRE <br />STATION BOND SALE <br />The foregoing resolution was duly seconded by Blesener. <br />Ayes (5) Collova, Blesener, Scalze, LaValle, Fahey. <br />Nays (0). <br />Resolution declared adopted. <br />The City Administrator reported that Mr. and Mrs. <br />Mondor wish to reside at the property they are selling <br />as part of the Fire Station site until May l, 1990. <br />Therefore, it will be necessary for the EDA to enter <br />into a lease agreement with the Mondor's for the period <br />of time from February 8, 1990 through May 1, 1990. It <br />is recommended that there be no rent charged as part of <br />the lease. <br />The Weinholzer and McNamara properties are vacant, <br />therefore, no leases are necessary in those instances. <br />As a member of the EDA, Mrs. Scalze introduced the <br />following resolution and moved its adoptione <br />RESOLUTION NO. 90-2-7 - APPROVING TAE LEASE AGREEMENT <br />BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY AND THE <br />MONDOR'S AS PROPOSED WITI-I NO RENT TO BE CHARGED AND THE <br />REQUIREMENT THAT THE PROPERTY BE VACATED ON OR BEFORE <br />MAY 1, 1990 <br />The foregoing resolution was duly seconded by Blesener. <br />Ayes (5) Scalze, Blesener, Fahey, LaValle, Collova. <br />Nays (0). <br />Resolution declared adopted. <br />Council discussed the disposition of the existing <br />Page 3 <br />