01-11-95 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JANLJARY 11, 1995 proprietary information to the subcommittee. Fahey pointed out that the listing of items outlined by the City Administrator was broader than the items requested by the City Council at their December 21st meeting. Fahey stated that he is aware that the four Council Members are frustrated by the lack of information from Mr. Collyard, however, he was willing to give Collyard a little more time to see if something could be put together. Fahey stated that Collyard has done some work, and pointed out that securing the anchor tenants is a big step toward the project. Fahey stated that he realizes there are property owners not interested in selling, and felt alternatives must be developed to proceed with the project without those properties. Fahey stated that the City cannot continue to criticize Mr. Collyard for not being able to come to grips with people who do not want to sell. LaValle pointed out that at the last meeting Mr. Collyard was asked if he had a problem submitting the information the Council wanted by January 6th. Mr. Collyard indicated that this would be no problem. Collyard stated that he was given a January 11th deadline. Morelan asked which of the 8 items listed in the City Administrator's letter did Collyard consider to be confidential. Collyard replied that the names of the investors and some of the lease agreements would be confidential. Fahey stated that the other six items would then be submitted to the Council as a whole, and the two items mentioned by Collyard would be given to the subcommittee members. The Administrator stated that since Mr. Collyard has indicated that the names of the investors are proprietary, then he would assume the financial information on the investors is as well. Scalze asked why the names of the investors would be proprietary. Fahey replied that presumably Collyard is still 16