HomeMy WebLinkAbout1976-01-23 Minutes numberedCOMPLETE DESCRIPTION OF COUNCIL ACTIVITIES'
SPECIAL MEETING
JANUARY 23, 1976
1:30 P.,M
j']�e Iot•Ta city Cit
23rd ,lay of Januar Y Counc:i-1 met in Special Session
at 'tlre Civic Y• 1976, _aL 1:30 P.M. in thg on the
hawser, Center. Present: Ztalmcr , - Conference Room
Lia pr Perrot SeJ zer (] : �}5 p.t1.) Veverarosf�bsen sterI Neu-
' Y IQcuhauscr Pr.c:,idinq. -
none`.'
tda �Or Noiihauser� - 1
the S ecial N _ ex lamed that the ur ose of the
cFtin was to discuss rocedures for Call pf
of the Urban Renewa] Project, and noted that all
had si ned the close-out
g the notice. Councilmembcss
ail ro nR"lnder coin tiIl-t } -
De'�`trtm tL oF. -i ban P,e dwelo m In oordina
plain�d that he and Debbie1Rauh E Was re`;ent for disrus.,l.onor for the
Finarc,,, had talked w,i_;.h the Comptroller, c He':ex-
to review what had PeopleatHUD I)epar-tment of _
maha
able relatin to be done and'what alternatives On
eeavail-
g to:c].osing out the Urban Renewal 3-VesProjece.
Alexander Pointed ottt that
Urban Rene;aal Project 'Loan that the] will be
on Ii`r�1 iv _]-976 (Principal and. intcreOC'35-of
r P to the -Bank of New YorY,. The
of funds toos, si) due
Grant. The tentative notes -It
close-out are. -
$9,104,55 Lour source>
amount remain.. (1) The; Federal
0 CranL is -$2.,59 ,293. 1 from the original
Sale; of ].and acquired I:hrough the Disposition
-Proceeds,
The }}CDA Grant, urban renewal
allow for A bac:i-c purpose of- the I}CDA Program_ (3).
any remains ng urbari,_renewal costs, Pr°gram i -y tp
sources. _ - J asically t}ii.s meats city (4) Other Re-, funds..: <'
When Lhc no Les come due on April 16, 1976, the
paid by a DiucL- Federal Loan from 1{UD at 7
Cur>-cnt i.nL-ere t Y wil] be
ramie on l/8� interest.
theVare ma.r}:et notes, ho,v�wcV��tecrnarl:eL notes is -3.98x. Ur�li},e
p-znci,pal of the federal tI I)c 'ncnLs could be made on the
as t'7e go, along...
On the asswnPt'or' that the land :It be sold to
tol-Associates and Lo the Univer--sit
could begin tdarch ,1, Y, the close--outproc�i Capi.-
(%+) a full audit pf 1976. This procedure,WOuld Procedure
.'-
a
14a I- or. n the Urban Renewer Proclram• This as follows:
Prat; (li) determinc_�•rhat' activities
and could be `
Yet to be clone; (C) ado t a
responsabili.t P resolution in which the Cit cost,
tional co ,Ls Y for, cpi;p].eting the project and Y ass
(D) -final ;^ isuch as condemnations whi-ch are no L, any addi-':
_Lclemen't cai.th HUD _would be settled) ;
an may or June.
Page 2
Council Activities
Special Meeting
January; 23,-197G
An alternative Pr-oces�
mar}cet at 4 or"4'
1/2� i,ouid �llor�owin on the
August. g funds
Costs and bell tending ,the Private
of this alternative Process to
On the recomm L• were disc
ussca
Attorney,T-rda�ion of the Cit
the Council alrced b , y Manager and
Proceed wiL-Il the normal close-} consensus the City
Close-out that the City should
schedule.
Some discuss
to reduce amount t•ra; held on7oanng -this money
that the of red eral Year s FiCDA
there taas approximate) Mr- of
expended. Y $800 `cabala _indicated
.000 t�hich have not Yet been
Cotinc 1 requested that -Alex
on the d.isc.us_;.ion• ander
Prepare Wratten comments
Councilman Poster.
Addendttm tahich called at tentaon
.try of tile
Tn the event the page 8 of the 4th
deJ.i.v�
fore it deed to ally Redeveloper `re
rs certain that the oL these addiitiort,.l quests
Frovioo herein, air- rights tri11 Properties-k�e_
posit wti-1,-.• the C.i y may iegaire the)" used by the Cyty
Checks payabJ�c tot}'• the :Following sums Redev P r .to
to the clo e. da-
the agree,;<,nt the City as secur* form of cashier's
84" Which i.otal�$30),8i1o`t,the silo } for the Performanc {
the Aping ma.l.l in Blocks 83e o._
developer Starts _-')rich t•�ould be returned to anci
discussion cons �ucti6nosLc Of d to hem chert
Old rL was moved the silo
pito) deposit With the and seconded.b, After
L.iltte as the y request City the sum of$307,88} �evera that
ri ht- Iuest the deeds for 0-at
of-t.,a and on the the land such.
and
the -nnr'th 310 feet north 310 feet of O71'the Ca i.tol_8treei_
G/0, deP :psse _abstaini.n�f the--a].le the east 1 2 Blocic=-101
J.ution t,ou:u3 in 131oc)c 10. `: Idotion
be rr s 9• `-City Attorney y adopted
dis I c_entcd soon } 'Fla ek indi.cated '
Position pf 3 par-ceJ.s pf c setting Public hearing`� resp-
P,anY, and arus•L- Property • rhJround, including on the,
cels acquired tlu:pugir the e Parcels of J Proposed Iowa State
not• have to be otfe.r�d ur),an Property are not
Renewal Process • Par-
the le alit for bidding Counc.ilmnn foster auesioned
lihese parcel Of the contract
The undiz er'Cha rl:er. 396
chec)c with his advisor tan havehitn/her coca Couact for sel.lin of
Attorney suggcsLed Councilman Poster
be Clarified.
liim, so'' this can
unci]man tOS tet
of the 4th Addendtnn whichlrc�uirtn
at to S,ctioit 7
of Old C, a e 7_l,
i.tol` A--,OC iatcs a 1 i stin of- stoc
a CoUV of-thi its- boldin ]-Ov or khOlders
h
It hi
would rbc Cit more an(: Ile rc ueste ,
be dif, lbll ted.
Y Attorney adva-sed a verified
current
Councilwoman deProssa left the meet.Cny, 3:i5 p•t�•