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Page 8 n, <br /> August 24, 1998 <br /> Mounds View City Council <br /> on the City Hall facility. All the projects were preapproved and the vote on the issue would <br /> approve the dollar amount. <br /> Stigney asked what funding mechanism would be use on the project. <br /> McCarty stated staff has recommended that the funds come from the City's reserve account. <br /> Attorney Long recommended that the motion be conditioned upon review by the City Attorney <br /> for essentially four things: <br /> 1. Proper Insurance <br /> 2. Bonding <br /> 3. Outstanding legal claims or liabilities <br /> 4. Prevailing wage issue <br /> MOTION/SECOND: Quick/Koopmeiners to approve awarding of the City Hall Renovation Bid <br /> to Ebert Construction with the stipulations as stated. <br /> VOTE: Ayes - 4 Nays - 1(Stigney) Motion carried <br /> D. Status Report and Approval of Resolution No. 5260, Authorizing City Staff and <br /> Consultants to Proceed with Development Agreement and Other Actions Concerning the <br /> Mermaid Hotel and Banquet Center. <br /> Jopke gave his report as follows: <br /> Staff has developed a draft development agreement that has been put together by Briggs and • <br /> Morgan. This basic "boiler plate agreement" is a list of items that should be included in the <br /> development agreement for the project. A preliminary work schedule of things that would need <br /> to be accomplished in order to keep the project on schedule was included for the Council's <br /> consideration. Land appraisals have been made and a projected relocation budget has been <br /> established for the moving of the Rent All business that is located on the corner of County Road <br /> H and Highway 10. Permission is being sought from the Council for staff to proceed with the <br /> negotiations to purchase the rental facility property. <br /> The Resolution was summarized as follows: <br /> 1. Get permission to negotiate a final development agreement with the developer <br /> 2. Get permission to negotiate an option and purchase agreement for the rental <br /> facility property <br />