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projected cost of$4500 for the consulting work that is anticipated. Dan Hall of the <br /> Mermaid and his attorney have both indicated that the Mermaid is prepared to immediately <br /> provide the City with a check in that amount(in advance) to cover these anticipated costs. <br /> I should emphasize that if the City Council authorizes staff to retain SEH to perform the <br /> work in question (at the Mermaid's expense), the City will not be automatically obligated to <br /> buy land, construct a pond, execute a Development Agreement for the proposed <br /> hotel/banquet center project, or provide the Mermaid with tax increment fmancing or any <br /> other type of assistance. Decisions regarding those matters, and others, would be made a <br /> later time. However, the City Council will not be in a position to make informed decisions <br /> regarding those matters unless City staff members can undertake enough preliminary work <br /> to determine whether a technically feasible alternative to the original stormwater handling <br /> plan even exists. <br /> ACTION TO BE CONSIDERED: <br /> Approve Resolution 5374, a resolution authorizing staff to retain SEH to prepare a <br /> preliminary water quality management plan for the proposed Mermaid redevelopment area, <br /> as outlined in SEH's cost estimate dated July 15, 1999, and with the express understanding <br /> tha said work w. e done at the Developer's expense. <br /> U� 1 <br /> evin Carroll '-717-4029 <br /> Economic Development Coordinator <br /> N:\DATA\GROUPS\ECONDEV\COUNCIL\STAFF99\09-20-99.DOC <br />