Loading...
HomeMy WebLinkAboutCity Council - Regular Meeting - Oct 20, 2025 $0&LW\&RXQFLO &LW\&RXQFLO2FWREHU &,7<2)52&+(67(50,11(627$ &LW\&RXQFLO0,187(6 $WWHQGLQJDQG9LHZLQJWKH0HHWLQJ 3OHGJHRI$OOHJLDQFH 9LVLRQ3ULQFLSOHVDQG3ULRULWLHVIRUWKH&LW\RI5RFKHVWHU 9LVLRQ3ULQFLSOHVDQG3ULRULWLHV $ 2SHQ&RPPHQW3HULRG $ 6LJQXS,Q3HUVRQ0LQXWHVEHIRUHWKHPHHWLQJ9LHZ2SHQ&RPPHQW JXLGHOLQHVIRUDGGLWLRQDOZD\VWRSDUWLFLSDWH9LUWXDOSDUWLFLSDWLRQLVQRW DYDLODEOHDWWKLVWLPH 2SHQ&RPPHQW3HULRG*XLGHOLQHV 7KHIROORZLQJSHUVRQVZHUHFDOOHGWRVSHDN 0ROO\'HQQLV -HVVH % &DOOWR2UGHU5ROO&DOO $WWHQGHH1DPH6WDWXV 5DQG\6FKXEULQJ3UHVHQW 3DWULFN.HDQH3UHVHQW 1LFN0LOOHU3UHVHQW 1RUPDQ:DKO3UHVHQW $QG\)ULHGHULFKV3UHVHQW 6KDXQ3DOPHU3UHVHQW 'DQ'RHULQJ3UHVHQW .LP1RUWRQ3UHVHQW & &LW\$GPLQLVWUDWRU¶V5HSRUW KWWSVURFKHVWHUPQJUDQLFXVFRP0LQXWHV9LHZHUSKS"YLHZBLG  FOLSBLG  GRFBLG $0&LW\&RXQFLO ' 0D\RU¶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³TXLFNWDNH´SURFHGXUHXQGHU 0LQQ6WDW†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³SXEOLF´IURP WKHSKUDVH³SXEOLFVFKRRO´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³SXEOLF´IURPWKH SKUDVH³SXEOLFVFKRRO´IURP6HFWLRQ6HFWLRQE 029(5 $QG\)ULHGHULFKV 6(&21'(5 6KDXQ3DOPHU $<(6 5DQG\6FKXEULQJ3DWULFN.HDQH1LFN0LOOHU1RUPDQ :DKO$QG\)ULHGHULFKV6KDXQ3DOPHU'DQ'RHULQJ 5(68/7$33529('>81$1,0286@ $PHQGHG0DLQ0RWLRQ $SSURYHG2IILFLDO$FW2$WKHSURSRVHG 7H[W$PHQGPHQW1R&'7$WRDPHQGODQJXDJHLQYDULRXV DUHDVRIWKH8QLILHG'HYHORSPHQW&RGH 8'& LQFOXGLQJUHPRYLQJWKH ZRUG³SXEOLF´IURPWKHSKUDVH³SXEOLFVFKRRO´IURP6HFWLRQ 6HFWLRQEDQG'LUHFWLQJWKH&LW\$WWRUQH\WRSUHSDUHDQ2UGLQDQFHIRU ILUVWUHDGLQJ 029(5 3DWULFN.HDQH 6(&21'(5 6KDXQ3DOPHU $<(6 5DQG\6FKXEULQJ3DWULFN.HDQH1LFN0LOOHU1RUPDQ :DKO$QG\)ULHGHULFKV6KDXQ3DOPHU'DQ'RHULQJ 5(68/7$33529('>81$1,0286@ + 5HSRUWVDQG5HFRPPHQGDWLRQV + +RPH2ZQHUVKLS&UHDWLRQ3URJUDP/RQGRQ%URRN3RQGV 5HFRPPHQGDWLRQ 2IILFLDO$FW $GRSWHG5HVROXWLRQ1RDSSURYLQJWKHFRQWULEXWLRQ RIWRWKH/RQGRQ%URRN3RQGVGHYHORSPHQWWRVXSSRUWWKH FUHDWLRQRIIRUVDOHKRPHVYLDWKH+RPH2ZQHUVKLS&UHDWLRQ 3URJUDP $VVLVWDQW'LUHFWRURI(FRQRPLF*URZWK7DU\Q(GHQVSUHVHQWHGWKHLWHP KWWSVURFKHVWHUPQJUDQLFXVFRP0LQXWHV9LHZHUSKS"YLHZBLG  FOLSBLG  GRFBLG $0&LW\&RXQFLO &RYHU3DJH 3UHVHQWDWLRQ+RPHRZQHUVKLS&UHDWLRQ3URJUDP/RQGRQ%URRN3RQGV 5HFRPPHQGDWLRQ /RQGRQ%URRN3RQGV$SSOLFDWLRQ 0DMRU/DQG6XEGLYLVLRQ/RQGRQ%URRN3RQGV 'ZHOOLQJ&RQFHSW)ORRUSODQVDQG(OHYDWLRQV/RQGRQ%URRN3RQGV $JUHHPHQW/RQGRQ%URRN3RQGV0DVWHU$IIRUGDEOH+RXVLQJ $JUHHPHQW 5HVROXWLRQ+RPH2ZQHUVKLS&UHDWLRQ3URJUDP/RQGRQ%URRN3RQGV $GRSWHG5HVROXWLRQ1RDSSURYLQJWKHFRQWULEXWLRQRI WRWKH/RQGRQ%URRN3RQGVGHYHORSPHQWWRVXSSRUWWKH FUHDWLRQRIIRUVDOHKRPHVYLDWKH+RPH2ZQHUVKLS&UHDWLRQ 3URJUDP 029(5 3DWULFN.HDQH 6(&21'(5 'DQ'RHULQJ $<(6 5DQG\6FKXEULQJ3DWULFN.HDQH1LFN0LOOHU1RUPDQ :DKO$QG\)ULHGHULFKV6KDXQ3DOPHU'DQ'RHULQJ 5(68/7$33529('>81$1,0286@ + 6HFRQGDU\)LUP1DWXUDO*DV6XSSO\$JUHHPHQWIRU:HVWVLGH(QHUJ\ 6WDWLRQ 2IILFLDO$FW $GRSWHG5HVROXWLRQ1RDXWKRUL]LQJWKH7UDQVDFWLRQ &RQILUPDWLRQIRU6HFRQGDU\)LUP1DWXUDO*DV6XSSO\ZLWK&RQVWHOODWLRQ 1HZ(QHUJ\±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±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