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MINUTES <br />CITY COUNCIL <br />March 27, 1991 <br />money as quickly as possible and get the next phase to <br />occur in that area. <br />Malsam asked if the City determines it can buy him out, <br />if he would have to wait until Phases II and III are <br />completed. <br />The City Administrator replied that it will depend on <br />the numbers. If the numbers work, there is financing <br />in place for the two buildings as well as building <br />permits pulled, there would be reasonable certainty <br />that the projects would proceed and the City would have <br />a reasonable comfort level to allow us to proceed with <br />a buy-out. <br />Mr. Blesener introduced the following resolution and <br />moved its adoption: <br />RESOLUTION NO. 91-3-110 - TABLING ACTION ON THE PUD <br />APPLICATION FOR THE PROPERTY LOCATED AT 2825 COUNTRY <br />DRIVE TO GIVE CITY STAFF THE OPPORTUNITY TO PROJECT TAX <br />INCREMENT FINANCING FIGURES FOR THE PHASE I, II, AND <br />III PROJECTS TO DETERMINE THE FEASIBILITY OF A CITY <br />BUY-OUT OF THE PROPERTY <br />The foregoing resolution was duly seconded by Scalze. <br />Ayes (4) Blesener, Scalze, Collova, Hanson. <br />Nays (0). <br />Resolution declared adopted. <br />RECESS At this point in the meeting, 9:10 P.M., Council took a <br /> short recess. The meeting was reconvened at 9:25 P.M. <br />FINAL PLAT Mr. Tom Krejci appeared before the Council requesting <br />GERVIAS approval of the final plat of the Gervais Creek Office <br />CREEK OFFICE Building. Krejci reported that the final plat was <br /> previously approved by the Council in the early 198o's. <br /> However, at that time the School District held a <br /> contract-for-deed on the property, and would not allow <br /> the final plat to be filed and recorded until that <br /> contract was satisfied. Mr. Krejci reported that the <br /> contract has since been satisfied and City staff has <br /> indicated that a reapproval is necessary due to the <br /> time lapse involved. Mr. Krejci reported that the <br /> final plat has not been changed from what was <br /> previously approved by the Council. <br /> Mr. Blesener introduced the following <br /> Page 14 <br />