Loading...
HomeMy WebLinkAboutCity Council - Regular Meeting - Mar 16, 2020 'UDIW 5HJXODU$GMRXUQHG0HHWLQJ0DUFK     &,7<2)52&+(67(50,11(627$ &LW\&RXQFLO0,187(6  3/('*(2)$//(*,$1&( 7KHPHHWLQJPLQXWHVWRJHWKHUZLWKWKHPHHWLQJYLGHRGRFXPHQWWKHDFWLRQVWDNHQ E\WKH&LW\&RXQFLOGXULQJWKHPHHWLQJ  7KHYLGHRRIWKLVPHHWLQJLVDYDLODEOHDW KWWSURFKHVWHUFLW\PQLTPFRP&LWL]HQV6SOLW9LHZDVS["0RGH 9LGHR 0HHWLQJ,'  5HJXODU$GMRXUQHG0HHWLQJ0DUFK    [[559,497,1521,550][11][,I,][Arial]]&OHUN V1RWH:KHQDQ\PHPEHURIWKH&RXQFLO [[1522,497,2137,550][11][,I,][Arial]]SDUWLFLSDWHVLQWKHPHHWLQJYLD [[559,549,2244,602][11][,I,][Arial]]WHOHFRQIHUHQFHDOOYRWHVPXVWEHWDNHQE\UROOFDOOSXUVXDQWWR016WDWXWH' [[559,602,898,655][11][,I,][Arial]]6XEGLYLVLRQ   [[899,602,912,655][11][,I,][Arial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rial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¶V,QF'%$-RKQ+DUG\¶V%DU%  46%URDGZD\$YH5RFKHVWHU01 ):LQHDQG%HHU/LTXRU/LFH QVHZLWKD6WURQJ%HHU(QGRUVHPHQWIRU+DUG\¶V ,QF +Z\   $GRSWHG5HVROXWLRQ1RDSSURYLQJDQHZZLQHDQGSHUFHQWPDOWOLTXRU  OLFHQVHZLWKDVWURQJEHHUHQGRUVHPHQW IRU+DUG\¶V,QF'%$-RKQ+DUG\¶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¶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rial]]/ [[389,2622,421,2688][14][B,I,][Arial]] [[421,2622,885,2688][14][B,I,][Arial]]5HTXHVWIRU'DWD [[886,2622,903,2688][14][B,I,][Arial]] &RXQFLOPHPEHU:RMFLNPRYHG.HDQHVHFRQGHGWRSODFHDUHTXHVWIRUGDWDRQILOH DQGQRWLI\VWDII>UHJDUGLQJGDWDSRLQWVWKDWJDWKHULQIRUPDWLRQQHHGHGIRUDSRWHQWLDO DQQH[DWLRQLQ6:5RFKHVWHUE\5RFKHVWHU3XEOLF6FKRROV@ 5HJXODU$GMRXUQHG0HHWLQJ0DUFK    5(68/7$'237('>72@  029(5 0LFKDHO:RMFLN&RXQFLOPHPEHU 6(&21'(5 3DWULFN.HDQH&RXQFLOPHPEHU $<(6 .HDQH:RMFLN&DPSLRQ3DOPHU-RKQVRQ 1$<6 6WDYHU%LOGHUEDFN [[305,838,389,904][14][B,I,][Arial]]/ [[389,838,421,904][14][B,I,][Arial]] [[421,838,1357,904][14][B,I,][Arial]](FRQRPLF'HYHORSPHQW$XWKRULW\ [[1353,838,1370,904][14][B,I,][Arial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