Support the Bennett Management Company proposal in concept, and direct the City Manager to bring back additional project details for consideration including a)the transfer of ownership of the Vacant Parcel from Beam to Bennett Management Company, along with the assignment of development rights under Beam's Purchase and Sale Agreement; b)a resolution designating a Recovery Zone which would provide…
| Motion | Moved to support the Bennett Management Company proposal in concept, and direct the City Manager to bring back additional project details for consideration including a)the transfer of ownership of the Vacant Parcel from Beam to Bennett Management Company, along with the assignment of development rights under Beam's Purchase and Sale Agreement; b)a resolution designating a Recovery Zone which would provide Bennett Management Company the opportunity to utilize Recovery Zone Facility bonds to finance the project; and c)a resolution authorizing the City to issue Recovery Zone Facility Bonds in support of Bennett Management Company's project financing |
|---|---|
| Moved by | Mike Clark |
| Seconded by | Betty Taylor |
| Yes | Alan Zelenka, Mike Clark, George Brown, Andrea Ortiz, George Poling, Chris Pryor, Jennifer Solomon, Betty Taylor |
| No | — |
| Result | Passed 8–0 Result as stated in the minutes. |
| Resolution / ordinance / council bill | — |
| Minutes | Official minutes, page 4 |
Starts about 10 seconds before the motion, found in the meeting’s captions or our machine transcript (automatic match). Watch on YouTube at 34:33