Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
City Council - Regular Meeting - Feb 4, 2008
5HJXODU0HHWLQJ1R±)HEUXDU\ 3OHGJHRI$OOHJLDQFH $1RRQHZLVKHGWREHKHDUGGXULQJWKH2SHQ&RPPHQW3HULRG %3UHVLGHQW'HQQLV+DQVRQFDOOHGWKHPHHWLQJWRRUGHUDWDO$JUHHPHQW1RLQDQDPRXQWQRW WRH[FHHGWRWKHFRQWUDFWZLWK+*$IRUWKH%LR%XVLQHVV&HQWHUGHVLJQ '$GRSWHG5HVROXWLRQ1RDXWKRUL]LQJWKH0D\RUDQG&LW\&OHUNWRVLJQDJUDQW DJUHHPHQWZLWKWKH6WDWH'HSDUWPHQWRI+RPHODQG6HFXULW\DQG(PHUJHQF\ 0DQDJHPHQW +6(0 IRUWKHKD]DUGPLWLJDWLRQJUDQWIXQGLQJVKRXOGLWEHFRPH DYDLODEOHWRKHOSZLWKIORRGUHFRYHU\FRVWV '6HHDWHQGRI',WHPV ' 5HJXODU0HHWLQJ1R±)HEUXDU\ ZLWK)UDQN0DGGHQDQG$VVRFLDWHVDVDOHJDOUHVRXUFHDQGFRQVXOWDQWWRWKH +XPDQ5HVRXUFHV'HSDUWPHQWGXULQJWKHODERUQHJRWLDWLRQSURFHVV '$GRSWHG5HVROXWLRQ1RDSSURYLQJWKHHVWDEOLVKPHQWRIDEXGJHWIRUWKH SXUSRVHRIHPSOR\HHUHFRJQLWLRQ '$GRSWHG5HVROXWLRQ1RDPHQGLQJWKH&LW\3HUVRQQHO3ROLF\RQ3URWHFWLYH )RRWZHDU±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±)HEUXDU\ '$SSURYHG5HVROXWLRQ1RLVK6DORRQ 0LVFHOODQHRXV$FWLYLWLHV 5RFKHVWHU3XEOLF8WLOLWLHV±$UERU'D\&HOHEUDWLRQDW&HQWUDO3DUN±$SULO 5RFKHVWHU7UDFN&OXE±5XQQLQJ5DFHDW6ROGLHUV)LHOG3LFQLF$UHD±0D\ 5HJXODU0HHWLQJ1R±)HEUXDU\ 5HQHZDO/LFHQVHV 0DVWHU,QVWDOOHU 6HZHU 'UDLQV 6LGHZDONV±&HPHQW 'DWWREHNQRZQDV%RQQLH9LVWD (VWDWHVDQG9DULDQFHE\)UDQNOLQ3.RWWVFKDGH:LOORZ&UHHN&RPPRQV //&7KH3ODWSURSRVHVWRVXEGLYLGHDSSUR[LPDWHO\DFUHVLQWR 5HJXODU0HHWLQJ1R±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±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±)HEUXDU\ 7KH6HDV6XEGLYLVLRQ7KHSURSHUW\LVORFDWHGDORQJWKHQRUWKVLGHRIWK 6WUHHW6(DQGLVWKHIRUPHUORFDWLRQRIWKH'D\V,QQ +DYLQJQRRQHZLVKLQJWREHKHDUG3UHVLGHQW+DQVRQFORVHGWKHKHDULQJ &RXQFLOPHPEHUV+UXVNDPRYHG1RZLFNLVHFRQGHGWRDGRSW5HVROXWLRQ1RZDV JLYHQDILUVWUHDGLQJ *D$Q2UGLQDQFH(VWDEOLVKLQJWKH6DODULHVRIWKH0D\RU&RXQFLOPHPEHU$W/DUJH DQG&RXQFLOPHPEHUIRUDQGZDVJLYHQDVHFRQGUHDGLQJ &RXQFLOPHPEHUV0DUFRX[PRYHG1RZLFNLVHFRQGHGWRDGRSWWKH2UGLQDQFHDV UHDG$\HV 5HJXODU0HHWLQJ1R±)HEUXDU\ &RXQFLOPHPEHUV6Q\GHUPRYHG0HDQVVHFRQGHGWRDGRSWWKH2UGLQDQFHDVUHDG $\HV $GPLQLVWUDWRUVDLGWKDWWKHSRVLWLRQLVQRWDGXSOLFDWHWR 2OPVWHG&RXQW\¶V(2&-RLQW8QLW7KH&LW\¶V&RRUGLQDWRUZLOOEHZRUNLQJZLWKWKH &LW\GHSDUWPHQWVLQIRUPXODWLQJLQGLYLGXDOGHSDUWPHQWGLVDVWHUSODQV7KH&RXQW\ KDVLQGLFDWHGWKDWWKH\ZRXOGQRWEHUHVSRQVLEOHLQKHOSLQJ&LW\GHSDUWPHQWVRULQ WKH&LW\¶VRYHUDOOGLVDVWHUSODQ0U.YHQYROGVXJJHVWHGWKDW&RXQFLOPHPEHUV DSSURYHWKH5HTXHVWIRU&RXQFLO$FWLRQDWWKLVWLPHDQGLILWLVIRXQGWKDWWKHUHLVD QHHGWRFODULI\ODQJXDJHIRUWKHFRRUGLQDWRURUWKHRIILFHWKH&RXQFLOFDQUHFRQVLGHU WKHLUDFWLRQDWDIXWXUHPHHWLQJ 9RWLQJRQWKHRULJLQDOPRWLRQ$\HV 1D\V 0RWLRQFDUULHG&RXQFLOPHPEHUV &DUUDQG6Q\GHUYRWHGQD\ -+DYLQJQRIXUWKHUEXVLQHVV&RXQFLOPHPEHUV+UXVNDPRYHG1RZLFNLVHFRQGHGWR DGMRXUQWKHPHHWLQJ$\HV 5HJXODU0HHWLQJ1R±)HEUXDU\ &LW\&OHUN