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<br />City of CentcrViUe <br />Co1mcil MeetiD8 Minutes <br />July 11,2007 <br />City Attorney Glaser stated that the next issue was payment of the attorney's fees covered <br />in the agreement. He explained that the City had not budgeted to cover the attorney fees. <br />He reported that the Beard Group is willina to cover the engineering costs associated with <br />the environmental review process and the attorney's fees in a condemnation action. He <br />stated that this works to the City's advantage because when the condemnation issues are <br />taken out, the engineering fees would exceed the attorney fees. <br /> <br />Mr. John Meyers, Finance Director, explained the Phase 1 project, !boding, financial <br />obligations and stated that the City is at very little risk. <br /> <br />Discussion ensued. <br /> <br />City Administrator Larson stated that he requested that City Engineer Statz put together a <br />schedule for the Downtown Redevelopment Project. He commented that the key is to get <br />this done during the 2008 construction season. <br /> <br />City Engineer Statz ~ the project schedule and timelines for the enviromnenta1 <br />assessment, project design, bidding, permitting and constmction. He stated he believes <br />that this is a fairly realistic schedule. <br /> <br />Discussion ensued. <br /> <br />Councilmember Paar commented that he wants to make sure this project financially <br />benefits the City. He commented that he reaJi7.e$ the project could DOt happen without <br />TIF funding. He stated that he is concerned with the term and amount of the TIP (27 <br />years, 59.8 million). He questioned whether additioDal grant dollars could be obtained. <br /> <br />Mr. Meyer explained that it freezes the values for the desigJ'AtM districts that use TIP. <br /> <br />Mayor Capra explained that this is the pay-as-you-go TIF district, whereby only that <br />district contributes rather than the entire City. <br /> <br />Discussion ensued. <br /> <br />Councilmember Broussard pointed out that the additional insured lal'\8,,'ge requirement <br />for the City was left out of the agreement and she would like to see it placed in the <br />agreement. <br /> <br /> <br />:-B'::.t~:,~I. M;"~ ~.-dI"::=l::' 4 <br />::ed;';ents. Ayes 4. Nlmll (Broussard\. Motion rJlrI'ied. <br /> <br />4. Consider Public Works Facilli;y 'PnMMM - 2015 CMsn- Street. RMnlntion #107- <br />027 - AlItbnrizi", PorP.hA!Ie ofFiftA1tc11\1. <br /> <br />Page4of7 <br /> <br />4- <br />