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-12- <br /> The store in the redevelopment area has a limited life but Mayor Sundland stated that <br /> major changes in the redevelopment plan may give the City some breathing time on the <br /> • warehouse. <br /> The establishment of a warehouse on the northern end of town (LaBelle's) may allow <br /> a smaller store on the south end. <br /> Councilmember Enrooth felt that the City might be able to float a smaller bond <br /> issue of $500,000 - $600,000 and asked what additional costs would be incurred <br /> for delaying in terms of bond consultant's costs and other fees. <br /> Councilmember Ranallo suggested that we put everybody on hold so the meter doesn't <br /> keep running. Staff can then put new figures together as to costs already incurred <br /> for architect and bond consultant and what can be done to make the project work. <br /> Mayor Sundland suggested that the Council consider deduct impact and consider options <br /> presented that evening. <br /> Councilmember Makowske stated that we can "dream about castles but often can't <br /> afford them". <br /> Mr. Johnson agreed the project bid on had been the "ultimate dream". Maybe the <br /> City can't afford everything they wanted. Removing the basement would take off <br /> $112,000. He felt that there are viable options which upgrade the business to <br /> allow the City to remain in business, and still make money, which is the primary goal . <br /> Councilmember Marks wanted Mr. Nelson to present a scenario of what each deduct <br /> • would do to business. He also wants to look at phased construction. <br /> ADJOURNMENT <br /> Motion by Ranallo, seconded ,by Marks to adjourn the meeting at 9:30 P.M. <br /> Respectfully submitted, <br /> Helen Crowe, Secretary <br /> cjk <br /> • <br />