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Home My WebLink About1983-12-23 Agenda4 i RICROFIEMED BY I JONM MICR+LA9 l 11 - CEDAR R*DS • DES MOINES i Z Item No. 1 - MEETING TO ORDER. ROLL CALL. Item No. 2 - CONSIDER ADOPTION OF CONSENT CALENDAR AS PRESENTED OR AMENDED. a. Approval of Official Council Actions of the special meetings of December 7, 1983, and December 12, 1983, as published, subject to correction, as recommended by the City Clerk. b. Memoranda from the Traffic Engineer regarding: (1) Taxicab stand in 400 block of East College Street (2) Stop sign on First Avenue at Rochester Avenue (3) Stop sign on Olympic Court at Boyrum Street (4) Stop sign on Olympic Circle at Boyrum Street (5) Stop sign on Boyrum Street at Southgate Avenue �.eV Gid END OF CONSENT CALENDAR. Item No. 3 - PUBLIC HEARING ON THE PROPOSAL TO ISSUE $619,670 OF CLINIC REVENUE BONDS (WALLACE, ROSENBERGER, HACKBARTH PROJECT). Comment: This public hearing is being held to provide all local residents the opportunity to express their views for or against the proposal to issue the bonds. Action: /2 24 2 �.... ,}.•,' .__._.. MICROFILMED BY. JORM ,MICR+LA9 ` CEDAR RP PIDS • DEQ MOINES AGENDA�� Uuce-1% SPECIAL COUNCIL MEETING DECEMBER 23, 1983 8:00 A.M. CONFERENCE ROOM. Item No. 1 - MEETING TO ORDER. ROLL CALL. Item No. 2 - CONSIDER ADOPTION OF CONSENT CALENDAR AS PRESENTED OR AMENDED. a. Approval of Official Council Actions of the special meetings of December 7, 1983, and December 12, 1983, as published, subject to correction, as recommended by the City Clerk. b. Memoranda from the Traffic Engineer regarding: (1) Taxicab stand in 400 block of East College Street (2) Stop sign on First Avenue at Rochester Avenue (3) Stop sign on Olympic Court at Boyrum Street (4) Stop sign on Olympic Circle at Boyrum Street (5) Stop sign on Boyrum Street at Southgate Avenue �.eV Gid END OF CONSENT CALENDAR. Item No. 3 - PUBLIC HEARING ON THE PROPOSAL TO ISSUE $619,670 OF CLINIC REVENUE BONDS (WALLACE, ROSENBERGER, HACKBARTH PROJECT). Comment: This public hearing is being held to provide all local residents the opportunity to express their views for or against the proposal to issue the bonds. Action: /2 24 2 �.... ,}.•,' .__._.. MICROFILMED BY. JORM ,MICR+LA9 ` CEDAR RP PIDS • DEQ MOINES r Agenda Special Council Meeting December 23, 1983 Page 2 tem No. 4 - CONSIDER RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF CLINIC REVENUE BONDS, (WALLACE, ROSENBERGER & HACKBARTH PROJECT) OF THE CITY OF IOWA CITY, IOWA, IN THE PRINCIPAL AMOUNT OF $619,670 TO FINANCE THE COSTS OF ACQUISITION BY CONSTRUCTION OR PURCHASE OF LAND, BUILDINGS, EQUIPMENT AND IMPROVEMENTS SUITABLE FOR USE AS A MEDICAL PRACTICE OFFICE BUILDING; THE EXECUTION OF A LENDER LOAN AGREEMENT WITH FIRST NATIONAL BANK, IOWA CITY, IOWA, PROVIDING THE TERMS AND SALE OF SUCH BONDS; THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT WITH WALLACE, ROSENBERGER & HACKBARTH BUILDING PARTNERSHIP PROVIDING FOR THE REPAYMENT OF THE LOAN OF THE PROCEEDS OF SUCH BOND, AND RELATED MATTERS. Comment: This resolution provides final authorization for the issuance of the Clinic Revenue Bonds. Action: Item No. 5 - CONSIDER RECOMMENDATIONS OF BOARDS AND COMMISSIONS. a. Consider recommendations from the Design Review Committee meeting of December 19, 1983: Design Plans for 601 South Gilbert Street (former Boyd & Rummelhart site)/AUR IRB Request: It was moved by Alexander and seconded by Haupert that the Design Review Committee generally approve the design plans for 601 South Gilbert Street subject to the following quali- fications: (1) A major reservation is the appearance of the south wall which is highly visible as a large blank area to north- bound travelers on Gilbert Street. The Committee strongly recommends that the developer, the owners of the Mansion (an adjacent property owner), the Historic Preservation Commission, and design professionals work further on designing elements which will alleviate the blank wall appearance. (2) The landscape plans be subject to specification of species and to approval by the City. (3) The revised design plans should be reviewed by the Design Review Committee. Motion approved 4-2 (ayes: Alexander, Haupert, Sinek, Wegman; nays: Eckholt, Summerwill; absent: Amert, Lafore, Seiberling, Wockenfuss). 4%F1, _.- ,. 111CROFILMED BY� 1 JORM MICR#LA13 l - CEDAR RA PM • DES MOINES r 1 ( 1 D ■ Agenda Special Council Meeting December 23, 1984 Page 3 Item No. 5 (continued) The Committee noted that the intent of its recommendation is not to hold up the issuance of the Industrial Revenue Bonds. However, it is felt that the design presented to the Committee required additional design work before the building presented a satisfactory appearance. It was further noted that the treatment and placement of the air conditioning units, because of their extruding appearance, were ugly but that there appears that little can be done about the units. The developer noted that he would paint the grills of the air conditioning units with a color which matches the building exterior. e�er'. �� — Item No. ./✓�l�Cd-�'� �anco �!l .�.GPi .�la�Luu.a.Q..Gef. �'u.GGu/ 6 - CONSIDER A RESOLUTION REGARDING THE ISSUANCE OF WT TO EXCEED $850,000 IN AGGREGATE PRINCIPAL AMOUNT OF COMMERCIAL DEVELOPMENT REVENUE BONDS (GILBERT TOWER ASSOCIATES PROJECT) OF THE CITY OF IOWA CITY, IOWA, DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE, CALLING A PUBLIC HEARING ON THE PROPOSAL TO ISSUE SAID BONDS AND AUTHORIZING EXECUTION OF A MEMORANDUM OF AGREEMENT. Comment: This resolution sets a public hearing on January 17, 1984, and authorizes the execution of a Memorandum of Agreement for this project. �i Action: 7 �� 8 /05 aoO tti -2 �/d22 _Item No. 7 - CONSIDER RESOLUTION AUTHORIZING THE ISSUANCE OF $8,1e0,000 IN AGGREGATE PRINCIPAL AMOUNT OF THE CITY OF IOWA CITY, IOWA, LENDER -ASSISTED COMMERCIAL DEVELOPMENT REVENUE BONDS (MID -CITY HOTEL ASSOCIATES - IOWA CITY PROJECT) SERIES 1983 WITH THE PROCEEDS FROM THE SALE OF BONDS TO BE LOANED TO MIDWEST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MINNEAPOLIS, FOR THE PURPOSE OF MAKING A LOAN TO MID -CITY HOTEL ASSOCIATES -IOWA CITY, A SOLE PROPRIETORSHIP, FOR THE PURPOSE OF DEFRAYING ALL OR A PORTION OF THE COST OF ACQUIRING, CONSTRUCTING, IMPROVING, AND EQUIPPING A NINE -STORY HOTEL CONSISTING OF APPROXI- MATELY 178 GUEST ROOMS, CONVENTION AND MEETING ROOMS, A SWIMMING POOL, A COFFEE SHOP, AND FOOD AND BEVERAGE FACILITIES, ALL CONSISTENT WITH THE CITY'S PROJECT NO. IOWA R-14 URBAN RENEWAL PLAN; THE EXECU- TION AND DELIVERY OF AN INDENTURE OF TRUST TO SECURE SAID BONDS; THE EXECUTION AND DELIVERY OF A LENDER LOAN AGREEMENT BY AND AMONG THE CITY, MID -CITY HOTEL ASSOCIATES -IOWA CITY, MIDWEST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MINNEAPOLIS AND FIRST TRUST COMPANY OF ST. PAUL; THE SALE OF SAID BONDS; APPOINTMENT OF FIRST TRUST COMPANY OF ST. PAUL AS TRUSTEE; AND RELATED MATTERS. Action: Cj CC/ X1.7_ a-efo ... MICROMMED BY � JORM MICR+LAE3 S r CEDAR RAI11 Ds DE1 MOINES I j e ._._..._.,...141CROFILIIED.BY. ...__.__' l DORM MIGR+LAB ` -CEDAR RAPIDS • DE.' 1dnil 1 W, MICROFILMED •BY. JORM MICR+LAD •CEDAR RAPIDS • DE' MDINF.S •I 12 Re JORM MICR+LAB CEDAR WPIDS • DE- MOINES I Agenda Special Council Meeting December 23, 1983 Page 4 Item No. 8 - CONSIDEESOLUTION ., DOING BUSINESS APPROVING A PARKING AGREEMENT WITH HARRY A. JOHNSONR , JRRAS Mio-CITY HOTEL ASSOCIATES. Comment: This resolution authorizes the Mayor to execute a Parking -y Hotel Associates. A memo from the City Agreement with Mid -Cit marizes the contents of the Agreement. Manager is attached which sum Action: Qg4 Item No. 9 ADJOURNMENT. t -�7 -Ole -r?" 50 e? - 1h —..-141CR0F1LMED8Y.. JORM MICR+LA B CEDAR 111111 0 OEC MOINES I � I r - I WAIVER OF NOTICE AND CALL OF SPECIAL MEETING THE UNDERSIGNED, Mayor and Councilpersons, being all the members of the City Council of Iowa City, Iowa, and all being present at a special meeting of the City Council held at 8:00 o'clock,A.M., on the 23rd day of December , 1983 , in the Council Chambers at the Civic Center in Iowa City, Iowa, do hereby waive any and all requirements of the calling of a special meeting, pursuant to the Ordinances and Resolutions of the City of Iowa City, as to notice of time and place of the meeting and do hereby consent to the holding of. said special meeting for the purpose of holding a public hearing on Proposed Clinic Revenue Bonds (Wallace, Rosenberger $ Hackbarth Project), and additional items as attached. Dated this 23rd day of December , 193__ BALMER KATE DICKSON CLEMENS ERDAFE.... �. .�. ... 141CRDFILIIED BY. JORM MICR¢LAB ( 1 S CEDAR RAPIDS • DES MOINESI ' 1 51