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<br /> MINUTES <br /> CITY COUNCIL <br /> MAY 12, 2010 <br /> year. Sherman has also indicated that he has leased another 5,000 square <br /> feet of the building. <br /> The City Administrator felt that if the City proceeds with default <br /> provisions, he believes the City would jeopardize the TIF guarantees in <br /> place on The Village and Parcel #4. The Administrator did not feel the <br /> City would gain much in taking the property back given current economic <br /> conditions. He also noted that non-payment of taxes does not trigger <br /> collection through the Letter of Credit that is in place. The Administrator <br /> asked the Council if They were willing to work with Sherman Associates <br /> relative to this default. <br /> It was the consensus of the Council to work with Sherman Associates and <br /> given him until the end of the year to get property taxes current. There <br /> was some discussion on whether or not it was typical that a Letter of <br /> Credit could not be used in a situation of this kind. The City <br /> Administrator pointed out that Briggs and Morgan drafted the docwnents, <br /> therefore, it would be his impression that this would be typical. <br /> R. J. MARCO/ Montour asked if R. J. Marco was going to proceed with development <br /> VIKING DRIVE of the other Viking Drive parcel. The City Administrator reported that <br /> they will be proceeding. There is some title action that is being completed <br /> on the property and then the Melancon Plat will be filed. Once that is <br /> completed, the project should be underway. The Administrator also <br /> reported that R. J. Marco was not able to acquire some excess land from <br /> the shopping center property on Minnesota Avenue. However, the project <br /> will proceed without that land although at a slightly smaller footprint. <br /> LITTLE The City Administrator reviewed a draft outline of a Request for Proposals <br /> CANADA for Little Canada Road sheatseape design. The Administrator indicated <br /> ROAD that as he was working on this outline, a Little Canada Road resident <br /> STREETSCAPE requested that the City consider the installation of a sidewalk along Little <br /> RFP Canada Road east of the freeway. As a result, some thought has been <br /> given to existing right-of-way along that segment of Little Canada Road as <br /> well as whether four lanes are necessary. <br /> The City Administrator reported that he has been in preliminary <br /> discussions with the County on these issues as well as their timeline for <br /> recycling the roadway. Jim "I"olaas of the County has indicated that while <br /> the recycling is not on the County's plan through 2014, the County has <br /> been willing to work with cities and accelerate projects in some cases. He <br /> also indicated that it may be possible to narrow lane width or reduce the <br /> number of lanes on Little Canada Road east of Centerville Road. This <br /> 2 <br /> <br />