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22 <br /> MEMORANDUM <br /> DATE: August 20, 2003 <br /> TO: Mayor and Councilmembers <br /> FROM: Michael Mornson, City Manager <br /> SUBJECT: TERM SHEET (AGENDA ITEM VII, A.) <br /> The Term Sheet is still being negotiated between the City and the Development <br /> team; and negotiations may be going on until the August 26 meeting. Documents <br /> relating to this item will be handed out at the meeting,if negotiations are <br /> completed. If they are not completed, action will be deferred until the September <br /> 9 meeting. <br />