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MINUTES <br />CITY COUNCIL <br />FEBRUARY 23, 2005 <br />LaValle suggested that discussion of this matter be tabled so that the <br />individual Council Members can look at some of the streets and how they <br />are posted. Blesener and Montour agreed. Montour noted, however, that <br />there has been no reason in the past five years to change the postings that <br />were enacted in 2000. <br />Mr. Montour introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2005 -2 -54 — TABLING ACTION ON THE ISSUE <br />OF PARKING RESTRICTIONS UNTIL THE MARCH 23, 2005 <br />COUNCIL MEETING <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Montour, LaValle, Keis, Blesener, Allan. <br />Nays (0). Resolution declared adopted. <br />PURCHASE The City Administrator reported that Gordie Howe and Blue Chip <br />AGREEMENT Properties have requested that they be released from the purchase <br />FOR agreement from the County Road B property owned by the City. In <br />COUNTY analyzing their potential development of this site, the costs have become <br />ROAD B too high to make their project cost - effective. The Administrator noted <br />PROPERTY that Mr. Howe and Blue Chip Properties have paid escrow dollars to the <br />City. The Administrator indicated that if the City is agreeable to releasing <br />the purchase agreement, he would recommend that the City market the <br />property on its own via a sign on Highway 36. <br />Blesener asked if the City has incurred any costs relative to entering into <br />the purchase agreement. The City Administrator indicated that there has <br />been opportunity costs given the property has been off the market. He <br />also indicated that there may have been some engineering costs incurred in <br />reviewing some preliminary development proposals. <br />Mr. Blesener introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2005 -2 -55 — CANCELLING THE PURCHASE <br />AGREEMENT WITH GORDIE HOWE AND BLUE CHIP <br />PROPERTIES FOR THE COUNTY ROAD B LAND SUBJECT TO <br />REIMBURSEMENT OF CITY COSTS ASSOCIATED WITH THIS <br />AGREEMENT <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Blesener, LaValle, Allan, Montour, Keis. <br />Nays (0). Resolution declared adopted. <br />I5 <br />- 1 4 - <br />