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MINUTES <br />CITY COUNCIL <br />NOVEMBER 8, 2006 <br />for Che Canabury Townhome Association. The Administrator noted, <br />however, that the Association is reviewing their By-Laws relative to their <br />ability to assess for improvements over a time period of more than one <br />year. They may need to wait for our next cycle depending on how long it <br />takes to modify by-laws with their membership. <br />Mr. Blesener introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2006-11-269 -AUTHORIZING CITY STAFF TO <br />CONDUCT NEIGHBORHOOD MEETINGS TO REVIEW <br />POTENTIAL STREET IMPROVEMENTS FOR CANABURY DRIVE <br />(DEMONT AVENUE TO COUNTY ROAD B-2) AND VIKING DRIVE <br />(COUNTY ROAD B-2 TO RICE STREET), AS WELL AS <br />AUTHORIZING THE CITY ENGINEER TO PREPARE A <br />PRELIMINARY FEASIBILITY REPORT <br />The foregoing resolution was duly seconded by Allan. <br />Ayes (5). <br />Nays (0). Resolution declared adopted. <br />GUERIN The City Administrator reported that the Settlement Agreement with the <br />FAMILY Guerin Family Partnership calls for the City to pay the interest earned on <br />PARTNERSHIP the restricted clean-up funds for the former Guerin site to the Guerin <br />Family Partnership. The Administrator noted that the interest earned <br />amounts Co $16,382.00. The City Attorney has reviewed the SCipulation <br />Agreement and concurs with this conclusion. <br />The Administrator recommended authorization to pay the interest subject <br />to receipt of a release or satisfaction of the Settlement Agreement. <br />Mr. Montour introduced the following resolution and moved its adoption: <br />RESOLUTION NO.2006-11-270 -AUTHORIZING THE PAYMENT <br />OF INTEREST ON RESTRICTED CLEAN-UP FUNDS dN THE <br />AMOUNT OF $16,382.00 TO THE GUERIN FAMILY <br />PARTNERSHIP SUBJECT TO RECEIPT BY THE CITY OF AN <br />APPROPRIATE RELEASE AS RECOMMENDED BY THE CITY <br />ADMINISTRATOR <br />The foregoing resolution was duly seconded by Keis. <br />Ayes (5). <br />Nays (0). Resolution declared adopted. <br />7 <br />