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1Vlinutes of the Combined Caucus/Council Meeting <br />7-16-07 <br />Page 14 <br />Mr. Saponaro asked if there is a proposed restaurant or is that just wishful thinking. Greg stated <br />that they have a block of space between their existing tenancy which is almost 100% built out <br />and operational and the proposed conference center area. That leaves us with a block of space in <br />between the existing tenancy and the conference center somewhere between 15,000-20,000 feet <br />that can be used. Plans could involve a full service restaurant that would be contiguous to the <br />conference center so there could be some synergies between kitchen facilities and so forth. At <br />this point, Greg does not have a commitment from a restaurateur that he could share with us. The <br />conference center is being designed to have a full kitchen to do full food service for events up to <br />500 people. Mr. Saponaro asked if the hotel will be a limited fare. Greg said the current <br />prototype, which they are building the most modern version, has a full service restaurant. It is <br />not a large one, but it is in the actual hotel itself on the first level. Matt added that it is actually a <br />full service kitchen that can serve the three large meeting areas located on the south wing of the <br />hotel itself as well as the rest of the hotel, including room service. Mr. Buckholtz asked if it will <br />comfortably seat 500. Greg replied that the main ballroom is about 7500 feet. That can <br />accommodate 500-600 banquet style. It's not the largest ballroom you have ever seen, but it can <br />handle larger size events. From a management standpoint, their hospitality company will be the <br />management company that handles functions at the conference center for consistency. <br />Mayor Rinker stated that it was at least 4 years ago when this idea was first discussed. You were <br />even on the other side of the road. It is nice to see this coming to fruition. <br />Mr. Bakos advised that he is sorry this took as long as it did. They obviously would love to be <br />open and operational as they speak tonight. It is a process. There are a certain amount of risks <br />that have to be managed. At this point in time, with the great help of City Architecture, they are <br />very pleased with the results aesthetically and the way that this thing will function. They can't <br />wait to get it built. They hope to be a little piece of the cornerstone. <br />Mr. Buclcholtz asked if there were any other questions. There were none. <br />Roll Call: AYES: All Motion Carried <br />NAYS: None Recommendation Approved <br />Motion to authorize expenditure in the amount of $103,387.00 to Wichert Insurance <br />for renewal of insurance program for 2007-2008, effective July 1, 2007. <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to authorize expenditure in the amount of <br />$103,387.00 to Wichert Insurance for renewal of insurance program for 2007-2008, effective <br />July 1, 2007. <br />Council President Buckholtz asked if there was any discussion. <br />Roll Call: AYES: All Motion Carried <br />NAYS: None Expenditure Authorized