02/24/2003 Meeting Minutes - Laserfiche WebLink

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Special Council Meeting 2-24-03 Page 7 ? Dr. Parker said so we are sending this out to them on Friday, what if they turn around and back out? Mayor Rinker asked who is they? Dr. Parker replied Falkner. Mayor Rinker said well, okay; leYs take it a step- Council President Buckholtz said I think we have an agreement, don't we? Mayor Rinker said with Falkner; in every one of these the Administration has come to an understanding with the understanding that it has to be ratified by Council. So whatever commitment the Administration makes is subject to Council's approval. That is the understanding we have. Arid we have drafted a number of purchase agreement proposals and have worked out the fundamental details with both Dr. Falkner and with Mr. Zako. With Falkner, it's only been recently because we've been courting him for months now. He's gone back and forth. He's paying attention to Judge Krenzler's proposal as far as cluster, the PDR that we had; he's paid attention to all the things that Dr. Falkner was shopping the property to Lloyd Chapman. So, he's come in and out of the picture from time to time. But probably the last 6 months, I would say, courted him to get this thing nailed down. We finally, 2 weeks ago, got an agreement with them where he would agree after he talked with his financial advisor and said look, we could break it up in 3 years; that's something that came ? from us. We said the more we could break it up, the more we could budget, the better we like it and ? we think that you have a strategy that you could pursue your tax advisor with your accountant that this is something that lends itself to your being able to break it up and donate land because it's going to be put to a public park purpose. It's going to be for a public use. And he liked that idea. And we have worked out that proposal. He has been made aware that we are looking at Issue One but we've never said that this is dependent, that the agreement with him depends on Issue One. We'ye always said the agreement is dependent on whether Council supports an agreement period. But he's had the representation from the Administration that this is what we want to do. So he's assuming that barring some unforeseen circumstance, Council will go ahead with it. Dr. Parker asked, so he can't back out on us is what I'm asking? Mayor Rinker said he can always back out on us; it ain't over `til it's over. He could cliange his mind. Dr. Parker said that's my- Mayor Rinker said but he doesn't do it until we have an agreement. We don't have an agreement until Council says we have an agreement. Dr. Parker said so if we get the funding and everything goes along but he decides to back out--- Mr. Brett said no, we'll have a- ,'