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 - Nov 3, 2008
5HJXODU0HHWLQJ1R±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¶VUHVSRQVLELOLW\IRUFRQGXFWRFFXUULQJ ZLWKLQWKHOLTXRUHVWDEOLVKPHQW ' 5HJXODU0HHWLQJ1R±1RYHPEHU '$GRSWHG5HVROXWLRQ1RVWDOODWHPSRUDU\$OO:D\VWRSFRQGLWLRQDWWKHLQWHUVHFWLRQ WKWK RI 5HJXODU0HHWLQJ1R±1RYHPEHU '$GRSWHG5HVROXWLRQ1RDSSURYLQJWKHSXUFKDVHRISURSHUW\IURP3HWHUDQG &KDUO\QH%XUNVIRUIRUSRVVLEOHSDUNODQGH[SDQVLRQILQGLQJWKDWWKH SURSRVHGDFTXLVLWLRQRIUHDOSURSHUW\KDVQRUHODWLRQVKLSWRWKHFRPSUHKHQVLYH PXQLFLSDOSODQ '$GRSWHG5HVROXWLRQ1RDFFHSWLQJWKHIHDVLELOLW\UHSRUWIRU3URMHFW6:0 - ³*UDGLQJDQG'UDLQDJH,PSURYHPHQWVLQ%DGJHU5LGJH6XE3URSHUWLHV DORQJ0RQURH'ULYH1:´DQGDXWKRUL]H3XEOLF:RUNVWRDGYHUWLVHIRUELGTXRWHV RQWKHSURMHFW '$GRSWHG5HVROXWLRQ1RDSSURYLQJ'RZQWRZQ6QRZ3ORZLQJ6HUYLFHV $JUHHPHQWVZLWK6RPD&RQVWUXFWLRQ,QFDQG)LW]SDWULFN6QRZSORZLQJ,QFIRUD WZR\HDUFRQWUDFWIURP1RYHPEHUWKURXJK$SULOJHHDVHPHQWDQGIRRWXWLOLW\HDVHPHQWORFDWHGZLWKLQ/RW%ORFN +DUYHVWYLHZ)LUVW5HSODW '$GRSWHG5HVROXWLRQ1RDSSURYLQJD&RQWULEXWLRQ$JUHHPHQWZLWK-(. 3URSHUWLHV//&IRU3ULPURVH6FKRRORI5RFKHVWHUORFDWHGRQSDUWRIWKH6RIWKH 6(6HFWLRQ7RZQVKLS 5HJXODU0HHWLQJ1R±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±1RYHPEHU SRLQWRIVDOHV\VWHPIRU0D\R&LYLF&HQWHU¶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±1RYHPEHU :LVKLQJWREHKHDUGZDV5HEHFFD'XQIRUG7UXPSHWHU'ULYH6:3UHVLGHQW RIWKH9LOODVRI9DOOH\6LGH+RPHRZQHUV$VVRFLDWLRQ7KHUHDUHFXUUHQWO\ KRPHRZQHUVDWSUHVHQWDQGWKH\DUHYHU\FRQFHUQHGDERXWWKHLQFUHDVHLQWUDIILFDV DUHVXOWRIWKHGHYHORSPHQWDVWKH\FRQVLGHUWUDIILFWREHDSUREOHPDWWKHSUHVHQW WLPH6KHVDLGWKDWWKH\DUHKRSHIXOWKDWWKH\FDQJHWVWRSVLJQVDWDOOWKH HQWUDQFHVWR7UXPSHWHU7UXPSHWHULVDVFKRROEXVURXWHZLWKSDUHQWVSDUNLQJ DORQJWKHVLGHV0V'XQIRUGDOVRQRWHGWKDWJHWWLQJRQWR+LJKZD\ZLOOEHD SUREOHPLQWKHIXWXUH 3UHVLGHQW+DQVRQDVNHGWKDW*DU\6KDQQRQ7UDIILF(QJLQHHUVHWXSDPHHWLQJ ZLWKWKHQHLJKERUVDQG&RXQFLOPHPEHU&DUU :LVKLQJWREHKHDUGZDV%ULDQ6PLWK(DVWZRRG5RDG6(+HQRWHGWKDWKH DQGKLVZLIHDUHWKHRZQHUVRIWKUHHDFUHVLPPHGLDWHO\WRWKHVRXWKRIWKH GHYHORSPHQW+HDVNHGDERXWWKHELNHSDWKWKDWKHDGVGRZQWKHKLOOWRWKH VRXWKZHVWRIWKHLUSURSHUW\HQGLQJDWWKHLUGULYHZD\7KH\DUHFRQFHUQHGDVWRKRZ LWZLOOFRQQHFWWRWKH&LW\¶VSURSHUW\LQWKHIXWXUH5LFKDUG)UHHVH3XEOLF:RUNV 'LUHFWRUVDLGWKDWWKHSURSHUW\LVQRWLQWKH&LW\DQGWKHUHDUHQRIXWXUHSODQVDWWKLV SRLQW7KH3XEOLF:RUNV'HSDUWPHQWZDVRQO\FRQFHUQHGWKDWWKHUHZLOOEH FRQQHFWLYLW\WRWKHQHLJKERUKRRGVLQWKHIXWXUH0U6PLWK¶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±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±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¶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¶WWULHGWRIL[WKHSURSHUW\:K\ZRXOG,HPSW\DGXPSVWHUWKDWKDVURRILQJ VLGLQJDQGFRQVWUXFWLRQPDWHULDOVXQWLOLWLVIXOOEHFDXVH,DPJRLQJWRSD\E\WKH ORDG"0U(QJOHNLQJVDLGWKDWKHZDVDWWKHSURSHUW\DQGWDONHGZLWKWKH FRQVWUXFWLRQSHRSOH7KHURRILVRQ7KHLQVLGHLVSUHWW\ZHOOVWUDLJKWHQHGRXW 7KHUHLVFXUUHQWO\QRWLPHOLPLWIRUUHPRYDORIGXPSVWHUV7KHUHZHUHQRODZV YLRODWHG0U(QJOHNLQJVDLGWKDWLIKHZDQWVWRGRVRPHWKLQJWRKLVKRXVHQRRQH FDQWHOOKLPWKDWKHFDQ¶WSDLQWLWRUKRZORQJLWZLOOWDNHKLP7KH&RXQFLOQHHGVWR VHWVRPHUXOHVLIWKH\ZDQWWRKDYHDGXPSVWHURUGLQDQFHEXWEHJODGWKHKRXVH GRHVQ¶WORRNOLNHLWGLGVL[PRQWKVH DUOLHU :LVKLQJWREHKHDUGZDV7LP3HWHUV(LJKWK6WUHHW6(+HVDLGWKDWRQ $XJXVWWKH&LW\KDGDPHHWLQJZLWK6RXWKHDVW0LQQHVRWD+RPH%X\HUV $WWKDWPHHWLQJWKHSURSHUW\RZQHUVDLGWKDWQRWKLQJKDGEHHQGRQHZLWKWKH SURSHUW\EHFDXVHKHZDVEHLQJKDUDVVHG E\WKHDGMDFHQWQHLJKERUV 0U3HWHUV 5HJXODU0HHWLQJ1R±1RYHPEHU DVNHGIRUGRFXPHQWHGSURRIWKDWWKHRZQHUKDGEHHQKDUDVVHGE\KLPDQGRUKLV ZLIH7HUU\$GNLQV&LW\$WWRUQH\VDLGWKDWWKHDOOHJDWLRQZDVPDGHDWWKHPHHWLQJ WKHUHZDVQRGRFXPHQWDWLRQ0U$GNLQVVDLGWKDWWKHPHHWLQJRFFXUUHGWRWU\WR ILQGRXWZKDWWKHIDFWVZHUH7KHRZQHUVDLGWKDWEHFDXVHRIWKHKDUDVVPHQWKH ZDVEHLQJVORZLQUHVSRQGLQJWRWKHFKDQJHVUHTXLUHG7KHRZQHULQGLFDWHGWKDW 6RXWKHDVW0LQQHVRWD+RPH%X\HUVZRXOGEHDEOHWRILQLVKWKHZRUNLIWKH KDUDVVPHQWVWRSSHG0U3HWHUVLQGLFDWHGWKDWKHKDVRQO\VSRNHQWRWKHRZQHU IRXUWLPHVVLQFHODVW0D\WKHUHKDVEHHQQRKDUDVVPHQWEXWWKHQHZVSDSHUKDV UHSRUWHGKDUDVVPHQW +DYLQJQRRQHIXUWKHUZLVKLQJWREHKHDUG3UHVLGHQW+DQVRQFORVHGWKHKHDULQJ &RXQFLOPHPEHU+UXVNDVDLGWKDWWKHKRXVHQHHGHGZRUN7KHWLPHSHULRGIRUWKH UHFRQVWUXFWLRQZDVWRRORQJ,WKDVEHHQDODFNRIFRPPRQFRXUWHV\WRWKH QHLJKERUV+HDVNHGWKHVWDIIWRSXWWRJHWKHUDGUDIWRUGLQDQFHRQGXPSVWHUVOHIWLQ \DUGVIRUDQ\H[WHQGHGSHULRGRIWLPH&RXQFLOPHPEHU+UXVNDQRWHGWKHRWKHU VROLGZDVWHPDWHULDOVSLOHGQH[WWRWKHGXPSVWHUDVZHOO5RQ%RRVH%XLOGLQJ 6DIHW\'LUHFWRUVDLGWKDWWKHUHLVDVHFWLRQLQWKH+RXVLQJ&RGHDJDLQVWH[WHULRU VWRUDJHRIMXQNDQGVDOYDJHPDWHULDO7KHSURSHUW\KDVEHHQFOHDQHGXSWZLFHE\ WKH&LW\RI5RFKHVWHUEHIRUH6RXWKHDVW0LQQHVRWD+RPH%X\HUVERXJKWWKH SURSHUW\ 7HUU\$GNLQV&LW\$WWRUQH\DVNHGWKH&RXQFLOLIWKH\ZRXOGEHLQWHUHVWHGLQ FRQWLQXLQJWKHKHDULQJXQWLO1RYHPEHUVWKRXJKWWKDWWKHRUGLQDQFHVKRXOGOLPLWGXPSVWHUVWRDVPDOODPRXQWRIWLPH EXWDOORZWKHSHUVRQZLWKWKHGXPSVWHUWRFRPHWRWKH&RXQFLOIRUDSHUPLWWR H[WHQGVRWKDWWKH&RXQFLOFDQUHVSRQGRQDFDVHWRFDVHEDVLV &RXQFLOPHPEHUV+UXVNDPRYHG1RZLFNLVHFRQGHGWRFRQWLQXHWKHKHDULQJWR 1RYHPEHU 5HJXODU0HHWLQJ1R±1RYHPEHU )&RXQFLOPHPEHUV0DUFRX[PRYHG+UXVNDVHFRQGHGWRDGRSW5HVROXWLRQ1R FORVLQJFRPSOHWHGLPSURYHPHQWSURMHFWVRUFRPSOHWHGSKDVHVZLWKLQVSHFLILF SURMHFWVDQGWUDQVIHUULQJIXQGVSXUVXDQWWRWKH&LW\&KDUWHU6HFWLRQDQGWR WUDQVIHUWKHVWDWHGDPRXQWVWRIXQGDFWLYHSURMHFWVOLVWHGLQ,WHPRIWKH 5HVROXWLRQ$\HV