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<br />INFORMAL DETAILED NOTES <br />'*?w SPECIAL MEETING OF COUNCIL <br />FOR WORKSHOP PURPOSES <br />Page 4 <br />Mr. Rinker: Thinks it is valid point to hone in that this would be subject to review of the <br />entities and suggesting a cap on square footage. <br />Dino Marino: Where are you going to pazk cars? To put some limits on is not a bad idea. <br />Was this agreed to? <br />Mr. Rinker: No. This is a proposal which is close to a final agreement. They need to see <br />other points of view that is why they aze here. <br />Paragraph 10: We will try to be a go-between in some fashion. They will have Mr. <br />Gavin, Counsel, talk about this one. <br />Paragraph 11- Mr. Basile does not agree. Mr. Flynn does not agreed. <br />Mr. Rinker: If there is going to be a sewer tie-in, we look to front any cost. It is a deferred <br />payment of an assessment. Another point to bring to Mr. Gavin. <br />? Paragraph 13 - Mr. Rinker: Indicating we would forego the eminent domain lawsuit. <br />Paragraph 14 - Mr. Rinker: Could cancel in the 6th, l lth, and 16th years. <br />Paragraph 15 - Mr. Rinker: Not to be assigned to anyone else, to keep it within the <br />family. <br />Paragraph 16 - W. Rinker: This was added because what if we go through the 20 <br />years--what happens to all monies paid in by the Village? T'his is the auction. <br />Mr. Fixler: Talking about a bonafide third party? Would there be a provision to make sure <br />the buyer has the fmancing approved and everything is intact? Assuming the interested <br />party who would like to purchase does not have the dollazs to buy and may need to secure <br />financing--is there a provision they would say whether or not the Village would match their <br />offer? He wants to make sure financing would be in place. <br />Mr. Rinker: Bonafide is a legal term meaning that. <br />Mr. Fixler: Does not want to make a decision until we know they have a 100% locked <br />dea1. <br />Mr. Rinker: Thinks it is a valid consideration. Sees no problem with that. <br />, <br />Mayor Pietrafese: This would also be the tool we would use about what would happen on <br />the 21 st year. <br />Paragraph 17 - Mr. Rinker: Tells terms. <br />Mr. Ferrante: Should we have Pat LaConte's second wife in here? <br />Mr. Rinker: T'hey will ask that question.