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<br />City Council Regular Meeting - 04/25/05 <br />Minutes - Page 19 <br /> <br />Redevelopment Project. <br /> <br />Ms. Reiter reviewed the changes and assumptions - page by <br />page - from the last Council review of the proposed term sheet <br />dated 4/21/05 draft. <br /> <br />Page 1, Eminent Domain <br />Councilmember Ihlan questioned the process of property <br />acquired through Eminent Domain and environmental testing <br />with Ms. Reiter responding that the redeveloper would be <br />required to test all properties. <br /> <br />Councilmember Ihlan questioned why the Phase I testing had not <br />been completed on all parcels, and whether those properties <br />should be specifically identified and verified by an independent <br />consultant. <br /> <br />Mr. Casserly responded that the redeveloper was responsible for <br />any associated costs and would need to provide documentation at <br />the City's request. <br /> <br />Page 2, Eminent Domain, continued <br />Ms. Reiter reviewed the clarification provided to narrow the <br />intent negotiated on behalf of the City with the developer in the <br />event a specific parcel needed to be eliminated from the project's <br />Concept Plan without substantially impairing the integrity of the <br />entire project, with specific attention to "Area 8." <br /> <br />Financial Unfeasibility <br />Councilmember Ihlan continued to debate the merits of the <br />redevelopment project, and specifically the financial <br />unfeasibility clauses of the proposed term sheet related to <br />exclusive negotiation rights; and the need for the Council to not <br />include the provision in the document. <br /> <br />Discussion continued related to the individual Councilmember <br />viewpoints and perspectives related to the merits of the <br />redevelopment project. <br /> <br />Further discussion included identification of the majority control <br />of parcels in the proposed redevelopment area, with Mr. Stutz, <br />