03/09/1998 Meeting Minutes - Laserfiche WebLink

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Special Council Meeting 3-9-98 Page 5 Dr. Parker said he thinks they will only have one building done by tfiat time. I-ie read in the document that 1'rogressave intends to construct one or more office buildings-it doesn't sa.y 5 or more like it shows on the plan. That gives them the opportunity to build one building and stop: Council President Fiyder said from the point of view of economy of scale, if they were going to build one building, it would be very foolish on their part not to finish the project. In his opinion, they have 2 choices-if you make the determination that you a.re going to build, then you build. Once you decide to pull out and cut your losses, then you do that. With one building, they would never be able to bear the cost of the property, the building and the money they gave to us. You would not spend 4 million dollars on a piece of property to put up one building. On the other hand, as you start construction you may say you ha.ve changed your mind and sell the property. That could happen. But, in all likelihood, once they have given us the one million dollars, they have too much into it. Council President Fixler referenced page one of the memo Council received in their packet on Friday. He cornpared paragraph 2 to the 2°d last paragraph on page 3. They are not asking for it to go to White Road. Discussion was held. Mayor Rinker said if we write in there that we make a reasonable effort, he thinks that gives a kind of flexibility. The most we can pledge to do is to achieve substantia.l compliance. He can see modifying the language to tie it into reasona.ble factors. We don't want one side or the other to tFy to leverage this deal. If someone were to tell us that December 1998 is not realistic and we should target someplace beyond that, we need to nail that down. Mr. Cappetlo said he would not think it would be a problem to get the road off of S.O.M. done by that time, but to service them with water or sanitary sewer ma.y be. Mr. Regan (CAC member, in the audience) said if that eorporation includes in the contract that they will build 5 buildings on a certain site, they will have contingent liability. They will have to put that in their I Ok and it will impact their financial statement. Mayor Rinker said_ he ma.y question the one versus the two. All our discussions were with the understanding that they would have 2 buildings and 600 employees within the first year. Discussion was held. Ik. Parker said in terms of the roadway cut, he would like to-see this added in the last paragraph: "that the portion of the road needed for access to this developmentfrom S.O.M. Center Road be developed no Iater than.... " Council President Fixler agreed. Mr. Marquardt said the number of people using the pool was a poixrt of discussion. He thinks Mr. Ghokel is coming back vvith another position after this had been negotiated. He recalls when we came back vvith something similar, Mr. Chokel said sorry, we already agreed to that we