Loading...
HomeMy WebLinkAboutCity Council - Regular Meeting - Dec 3, 2012 5HJXODU0HHWLQJ1R±'HFHPEHU 3OHGJHRI$OOHJLDQFH  $1RRQHZLVKHGWREHKHDUGGXULQJWKH2SHQ&RPPHQW3HULRG  %$FWLQJ3UHVLGHQW5DQG\6WDYHUFDOOHGWKHPHHWLQJWRRUGHUDW 5HJXODU0HHWLQJ1R±'HFHPEHU 0DVWHU,QVWDOOHU 6LJQ,QVWDOOHU 6LGHZDON±&HPHQW 6LGHZDON±$VSKDOW 6HZHU 'UDLQ  '6HHDWHQGRI',WHPV  '$SSURYHG$FFRXQWV3D\DEOHLQWKHDPRXQWRI 5HJXODU0HHWLQJ1R±'HFHPEHU WKWK $YHQXH1:(DVWWR$YHQXH1:DQGWKHQ1RUWKLQ$YHQXH1:WR&LYLF &HQWHU'ULYH1:´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±'HFHPEHU &RXQFLOPHPEHUV+UXVNDPRYHG:RMFLNVHFRQGHGWRDGRSW5HVROXWLRQ1R $DSSURYLQJ&KDQJH2UGHUZLWK,QWHUVWDWH,PSURYHPHQWVIRUDFUHGLWLQWKH DPRXQWRIRMFLNLQGLFDWHGWKH5HTXHVWIRU&RXQFLO$FWLRQVWDWHGWKHWKLUG \HDURIWKHSURSRVDOZDVD 5HJXODU0HHWLQJ1R±'HFHPEHU 5RFKHVWHU&RPPXQLW\DQG7HFKQLFDO&ROOHJHIRU$\HV  1D\V  0RWLRQ FDUULHG  'TXDQWLWLHV JUHZDQGWKHFRQVXOWLQJHQJLQHHUUHFRPPHQGHGWKHFKDQJHRUGHU  &RXQFLOPHPEHUV:RMFLNPRYHG6Q\GHUVHFRQGHGWRDGRSW5HVROXWLRQ1R DSSURYLQJ&KDQJH2UGHUWRWKH&LW\/6%ODFN&RQWUDFWIRU3URMHFW1R- ³6HFRQG6WUHHW3DUNLQJ5DPS5HVWRUDWLRQDQG,PSURYHPHQWV´$\HV  1D\V   0RWLRQFDUULHG  ($7UXWK,Q7D[DWLRQ+HDULQJIRUWKH3URSRVHG%XGJHWDQG7D[/HY\  6WHYDQ.YHQYROG&LW\$GPLQLVWUDWRUVDLGWKH0D\RUDQG&RXQFLOSUHYLRXVO\ HVWDEOLVKHGDPD[LPXPSURSHUW\WD[OHY\RI7KHUHFRPPHQGHG SURSHUW\WD[RILVDQLQFUHDVHRI 5HJXODU0HHWLQJ1R±'HFHPEHU &LW\¶VDGRSWHGEXGJHWVKRZLQJWKHLQFUHDVHDQGGHFUHDVHRIUHYHQXHVIRUYDULRXV EXVLQHVVXQLWV7KHUHDUHFXUUHQWO\VHSDUDWHEXVLQHVVXQLWVLQFOXGHGLQWKH EXGJHWIRU/RFDO*RYHUQPHQW$LGKDVGHFOLQHGVLJQLILFDQWO\VLQFHDQG OHYHOHGRIIDWHKDYHOLNHWKH JHQWOHPDQEHIRUHKLPLWLVXQFRQVFLRQDEOHIRUWKH&RXQFLOWRL QFUHDVHWKH&LW\¶V EXGJHWVWRWKHPDJQLWXGHWKH\KDYH0U(\ULFKDVNHGWKH&RXQFLOWRWDNHDQRWKHU ORRNWRVHHLIWKH\FDQFXWEDFNRQWKHEXGJHWIRU  +DYLQJQRRQHIXUWKHUZLVKLQJWREHKHDUG$FWLQJ3UHVLGHQW5DQG\6WDYHUFORVHG WKHKHDULQJ  7KHDGRSWLRQRIWKHEXGJHWZLOOEHDWWKH'HFHPEHU 5HJXODU0HHWLQJ1R±'HFHPEHU +DYLQJQRRQHIXUWKHUZLVKLQJWREHKHDUG$FWLQJ3UHVLGHQW5DQG\6WDYHUFORVHG WKHKHDULQJ  'DOH0DUWLQVRQ)LQDQFH'LUHFWRUH[SODLQHGDOOWKHFLWLHVLQYROYHGLQUHFHLYLQJ VHUYLFHVIURP$SSOH7UHH'HQWDOPXVWDSSURYHWKHLVVXDQFHRIUHYHQXHQRWHV  &RXQFLOPHPEHUV6Q\GHUPRYHG:RMFLNVHFRQGHGWRDGRSW5HVROXWLRQ1RUDQG  $&RQWLQXHG+HDULQJRQ)LQDO3ODW53/$7WREHNQRZQDV5LYHU%HQG $SDUWPHQWVE\6LOYHU/DNH0RWRUFRDFK5HVRUW//&7KH3ODWSURSRVHVWRUHSODW SRUWLRQVRI2XWORWVDQGRI1RUWKHUQ$GGLWLRQLQWRORWVIRUIXWXUH GHYHORSPHQW7KHSURSHUW\LVORFDWHGQRUWKRIWKH6RXWK)RUNRIWKH=XPEUR5LYHU ZHVWRI1RUWK%URDGZD\DQG:HQG\¶VDQGVRXWKRIWKH1RUWKEURRN6KRSSLQJ &HQWHU  7HVWLPRQ\RUDFWLRQWDNHQLQ,WHP(DSSOLHVWR,WHP(DVZHOO  $OHWWHUIURPWKHDSSOLFDQW¶VUHSUHVHQWDWLYHLQGLFDWHVWKHLUFOLHQWZLVKHVWKHKHDULQJ V WREHFRQWLQXHGWRWKH-DQXDU\PHHWLQJ 5HJXODU0HHWLQJ1R±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¶VDQGVRXWKRIWKH1RUWKEURRN6KRSSLQJ &HQWHU  $OHWWHUIURPWKHDSSOLFDQW¶VUHSUHVHQWDWLYHLQGLFDWHVWKHLUFOLHQWZLVKHVWKHKHDULQJ WREHFRQWLQXHGWRWKH-DQXDU\PHHWLQJ6HH,WHP(  ($+HDULQJRQ=RQLQJ'LVWULFW$PHQGPHQW5=&LQLWLDWHGE\WKH&LW\ &RXQFLOWRUH]RQH/RWVDQG%ORFN*RQGHUPDQDQG7KLHO¶V6XEGLYLVLRQ IURPWKH5 ORZGHQVLW\UHVLGHQWLDO ]RQLQJGLVWULFWWRWKH5 PL[HGVLQJOHIDPLO\  ]RQLQJGLVWULFW7KHSURSHUW\FRQVLVWVRIWKHIROORZLQJDGGUHVVHVDQG ò$YHQXH6(DQGò6WUHHW6(  +DYLQJQRRQHZLVKLQJWREHKHDUG$FWLQJ3UHVLGHQW5DQG\6WDYHUFORVHGWKH KHDULQJ  &RXQFLOPHPEHUV%LOGHUEDFNPRYHG:RMFLNVHFRQGHGWRDSSURYH=RQLQJ'LVWULFW $PHQGPHQW5=&LQLWLDWHGE\WKH&LW\&RXQFLODQGLQVWUXFWHGWKH&LW\ $WWRUQH\WRSUHSDUHWKHUHTXLUHGRUGLQDQFHIRUDGRSWLRQ$\HV  1D\V   0RWLRQFDUULHG  (DWHUIDFLOLW\DQGQRUWK RIWKHIXWXUHH[WHQVLRQRIVW6WUHHW1:  +DYLQJQRRQHZLVKLQJWREHKHDUG$FWLQJ3UHVLGHQW5DQG\6WDYHUFORVHGWKH KHDULQJ  &RXQFLOPHPEHUV+UXVNDPRYHG:RMFLNVHFRQGHGWRDSSURYH=RQLQJ'LVWULFW $PHQGPHQW5 5HJXODU0HHWLQJ1R±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±'HFHPEHU  $\HV  1D\V  0RWLRQFDUULHG  *D$Q2UGLQDQFH&UHDWLQJDQG(QDFWLQJ6HFWLRQRIWKH5RFKHVWHU&RGHRI 2UGLQDQFHV5HODWLQJWRWKH5RFKHVWHU$PDWHXU6SRUWV&RPPLVVLRQ%RDUGRI 'LUHFWRUVZDVJLYHQDILUVWUHDGLQJ  *E$Q2UGLQDQFH5H]RQLQJ/RWVDQG%ORFN*RQGHUPDQ 7KLHOV6XEGLYLVLRQ IURPWKH5=RQLQJ'LVWULFWWRWKH5=RQLQJ'LVWULFWDQG$PHQGLQJ2UGLQDQFH 1R