07-14-99 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JULY 14, 1999 The foregoing resolution was duly seconded by Pedersen. Ayes (5) LaValle, Pedersen, Morelan, Fahey, Scalze. Nays (0). Resolution declared adopted. AUDIT Council discussed the date and time for the audit workshop and the WORKSHOP consensus was to schedule it for Wednesday, Au~ust 25, 1999 at 6:30 P.M. Mr. LaValle introduced the following resolution and moved its adoption: RESOI. UTION NO. 99-7-I82 - CAI.LING FOR A WORKSHOP MEETINC TO RECE/VE THE 199N AUDIT FOR WEDNESDAY, AUCUST 25, 1999, AT 6:30 P.M. The foregoing resolution was duly seconded by Scalze. Ayes (5) LaValle, Scalze, Fahey, Pedersen, Morelan. Nays (0). Resolution declared adopted. RECESS At this point in the meeting, 8:50 P.M., Council took a short recess. The meeting was reconvened at 9:00 P.M. BIAGINI The City Administrator reported he has met with Mr. Biagini relative to DEVELOPMENT a development agreement for project on Country Drive. The AGI2E~MENT Administrator also repo~ted that Mr. Biagini has signed a lease agreement with C.I. Title for space in the office buildin~ proposed on Country Drive. The Administrator recommended that after additional review of the proposed development agreement by the City Attorney, an agreement will be presented to the Council for approval at their July 28°i meeting. The Administrator also reported that he has not received the appraisal information for the Precision Tree property, but anticipates having that information for the July 28`~' meeting. GOODYEAR The City Administrator presented a development a~reement between the REDEVELOP- City and R. J. Marco Construction relative to the Goodyear redevelopment M~NT project. The Administrator reported that the proposal is to enlarge the TIF PROJECT District 3-2 to deal with estimated acquisition costs over and above initial estimates. The developer will be fronting 100% of the project cots incurred, and these will be secured with a letter of credit that will be 15