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City of Centerville <br />Council Meeting 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 willing 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, funding, 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 explained the project schedule and timelines for the environmental <br />assessment, project design, bidding, permitting and construction. 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 realizes the project could not happen without <br />TIF funding. He stated that he is concerned with the term and amount of the TIF (27 <br />years, $9.8 million). He questioned whether additional grant dollars could be obtained. <br /> <br />Mr. Meyer explained that it freezes the values for the designated districts that use TIF. <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 language 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 />Motion by Council Member Lee, seconded by Council Member Lakso, to approve <br />the Beard Group Downtown Redevelopment Developer’s Agreement with <br />amendments. Ayes 4, Nays 1 (Broussard). Motion carried. <br /> <br /> <br />4.Consider Public Works Facility Purchase – 2085 Cedar Street, Resolution #07- <br />027 – Authorizing Purchase of Financing. <br /> <br />Page 4 of 7 <br />