Authorize the Agency Director to enter into an agreement for the sale and redevelopment of the Steam Plant property that is consistent with Attachment A ("Proposed Terms for Sale of Steam Plant property"), with the addition of the deal point that the project shall be constructed with prevailing wage and continue working with the development team during the due diligence period to identify funding…
| Motion | Moved to authorize the Agency Director to enter into an agreement for the sale and redevelopment of the Steam Plant property that is consistent with Attachment A ("Proposed Terms for Sale of Steam Plant property"), with the addition of the deal point that the project shall be constructed with prevailing wage and continue working with the development team during the due diligence period to identify funding and strategies to cover the funding gap; it is understood that neither Agency nor City funds will be used to fill this funding gap. |
|---|---|
| Moved by | Claire Syrett |
| Seconded by | Matt Keating |
| Yes | Matt Keating, Alan Zelenka, Jennifer Yeh, Mike Clark, Randy Groves, Emily Semple, Claire Syrett |
| No | — |
| Result | Passed 7–0 Result as stated in the minutes. |
| Resolution / ordinance / council bill | WORK SESSION - Steam Plant Redevelopment Proposed Terms |
| Minutes | Official minutes, page 3 |
Starts about 10 seconds before the motion, found in the meeting’s captions or our machine transcript (automatic match). Watch on YouTube at 1:07:31