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City Council Study Session —11/21/OS DRAFT Minutes - Page 6 further concern that the City Council was being asked to consider this issue during the same time they were pursuing the 2006 budget and levy process. Mr. Krass reviewed the stipulations of the contract entered into by the City and obligations of the redeveloper and the City Council. Councilmember Maschka opined that it was a parallel process with consideration of condemnation, as well as pending litigation continuing; further opining that often starting the process facilitated negotiation. Mr. Krass concurred, noting that the City didn't proceed until the contract elements are fulfilled, including security from the developer. Mr. Krass noted that most Eminent Domain issues are settled before they go to a hearing. Further discussion included the cost of the various appraisals; relocation costs; employee protection of businesses; viability of businesses; and property interest (i.e., bricks, mortar and land) versus business interest (employe�s/cus�omears}. Councilmernber Kough sought additional information regarding potential loss of federal funding if the City were to use Eminent Domain. Mr. Krass reviewed the pending legislation; the criteria; and his interpretation of the proposal in loss of federal funds only for the specific project where condemnation was used. Councilanembe� Schroeder arrived at this time, 6:5�p.m. Further discussion including contract and good faith obligations between the redeveloper and the City; risks to the City related to title; Quick Take process and provisions; and the Northco property specifics and potential residential development; soil work and engineer analyses; and pending litigation related to the MIV property owners and status of that case. Mr. Krass noted that he and staff had been consulting with the