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City Co�neil Regalar Meeting — 02/13/06 <br />DRAFT Minutes - Page 13 <br />Redeveloper shall depasit the not-ta�-exceed amount <br />of $I0,000 intfl an escrow account before any s�rvice <br />fee payments are made to Cansultant. All payments <br />to Consultant for se�-viees unde� th�s Agreement shall <br />be made from the Redeveloper escrow aecaunt, na� <br />from City funds." OR <br />Inse�t (for �greement for managing new grants): <br />"The Red�veloper is re�pon�ible foar payment of a�l <br />Cansultan� ser�vice fees und�r this Agreement. The <br />Redeveloper shall deposit th� not-to-exceed amount <br />of $10,000 into an escrow account befoare any service <br />fee paymen�s are made �o Con�ultant for serviees <br />rendered in each grant applicat�on agreement cycle. <br />A11 payments to Cansultant far services und�r this <br />Agreement shall be made from the Redeveloper <br />escrow account, not from City funds." <br />Discussinn included an explanation of an escrow account; <br />City Attorriey Anderson's pending review of and potential <br />disallowance for potential escrow account language in <br />relationship to the existing June 20, 2005 development <br />agreement between the developer and City; and staff � <br />attempts far transparency in current agre�ment language <br />and payment pracesses. <br />Councilmembe�r Ihlan responded to C�ty Attorney <br />Anderson's legal comments, opining tha� the developer <br />should be amenable to being part of this agreement and <br />putting money in escrow. Councilmemb�r Ihlan expressed <br />her concern aregarding her status as a public official signing <br />off tha# the developer was making payments in full; and <br />further opined that an escrow account would a1low for <br />more transpaarency. <br />Mayor Klausing concu�ed with City Attorney Anderson's <br />legal opinion and its relevancy to the contract currently <br />be�ore the City Council. <br />At the request o£ Councilmember Kough, City Attorney <br />Anderson clarified the existing June 20, 2005 agreement <br />