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REQUEST FOR COUNCIL ACTION DATE: 2-26-90 <br />ITEM NO <br />Depa,' ment ip�roval :oi Manager, Reviewed: Agenda Section, <br />Reports and <br />Recommendations <br />it,em, Description: Request from Rosepointe I for 1% fee waiver. <br />The owners of the Rosepointle project are requesting a waiver of the <br />0 <br />1A fee that the City traditionally charges for bond issues, The <br />Mi <br />City staff included the 1% based, on the fact that this was <br />technically a reiLssuance, and thus tihe should apply, (For <br />10 <br />all, re,isisivance activity, council policy has reguired the 1% fee). <br />As prev i"ously stated,, staf f was inf oirmed that accord ing to f ederal <br />di 9 <br />law', this is technically a reissuance. Based on the fact that <br />Presbyterian Homeis and, Oakcrest Office Plaza were required to pay <br />the 1% for a rei,ssuanc,e, staff would recommend that the policy also <br />apply to Rosiepiol"Mte I. <br />COUNCIL AC'T�ION REQUESTED-., Motion to approve/deny the request from <br />Rosepo, inte I f or a 1% fee waiver i. <br />