Laserfiche WebLink
City Council Study Session — 06/21/04 <br />DRAFT Minutes - Page 11 <br />that time frame; noting the significant commitment of City <br />Council and Planning Commission resources, as well as <br />additional expenses for consulting fees if the proposed <br />schedule were followed. <br />Mr. Welsch reviewed the meetings held to-date and use of <br />the approximate $75,000 consulting fee for the services of <br />Mr. Shardlow, noting that the fee would be at or above the <br />estimated budget. Mr. Welsch also noted that there would <br />be consulting fees for Mr. Casserly's analyses, recognized <br />the expense of the studies being performed, but expressed <br />confidence in the expertise and value-added in using these <br />consultants for the overall best financial interests of the <br />City for a project of this magnitude. <br />Councilmember Ihlan requested a breakdown of Mr. <br />Casserly's fees to-date; with Mr. Welsch responding that he <br />would need to compile those numbers in order to provide <br />that detail. <br />Mayor Klausing noted that costs would be part of the July <br />19, 2004 discussion process. <br />Mayor Klausing opined his anticipation regarding <br />upcoming discussions at the July 12 and July 19, 2004 <br />meetings related to an overview of the financial plan, gap <br />financing, cost incurred versus marketability, and financing <br />options based on the Master Plan. <br />Mr. Welsch noted that a11 City Advisory Commissions had <br />been invited, and that the July and August meetings were <br />scheduled at the Skating Center due to construction in the <br />Council Chambers during that time period. <br />Mayor Klausing requested that Mr. Noonan review the <br />timeline established for their exclusive negotiations <br />agreement. <br />Mr. Noonan noted that three milestone dates had been <br />established: <br />1) September 30, 2004: At the conclusion of the <br />