Laserfiche WebLink
r <br /> ng <br /> July P,19Rd <br /> 6VeReTT VENTURES CONTRACT <br /> Administration,I <br /> pat explained the background of this <br /> 1' .: <br /> proposed McClain,contract with 'Everett Ventures Public evelOpment <br /> corporation where the city would tc tribute the sum f$40,000 for j <br /> the purpose f. development or redevelopment of the city and f <br /> appropriate adjacent . <br /> iracls rihy, P eafaent etephanson felt cne.wore •total• eh0ula be <br /> ercea fn section w before the wom sum. <br /> a question a where the money would come from, <br /> 0 cilmen tGipson said this been discussed by the Budget <br /> retcree dna a$10,o0o would n me fmm economic aevel ailment ,. <br /> was not e tiiiee,and$io�ooaa fbudgeted <br /> xm9 nracoeooidowntown <br /> c�cinganoy coordinator which <br /> Raid this hes been discussed b o formal ,. <br /> councilman hadbeen taken by the Budget committee.be an There x store <br /> froths[o Bees of its wouldn a Understanding <br /> appropriate <br /> expenditure <br /> from that fund.[h a el t was ltu dcenter fun the$10,000 <br /> would come from the hotel-Hotel cultural center f ..' <br /> Councilman Gipson said he felt it would be appropriate from �. <br /> [edibility standpoint to uee Council Contingency funds and pointed <br /> out Council strtvingto keep certain balance n the <br /> in <br /> fund and it bad been tapped quite a bit recently. <br /> Councilman Overstreet asked Bill Cushman,Finance Director,when the <br /> ext influx o d be into this f and h this <br /> nth. Councilman 0 then commented he felt council should <br /> support the agreement unanimously. <br /> President Stephenson suggested that the m of the agreement a <br /> funding <br /> be handled separately,and Bruce City Attorney, <br /> this bedone pnc approving the-agreement would ealso be a [ <br /> commitment Cfund the <br /> Reved bya ncilman Pope, seconded by Councilman . <br /> is <br /> uthere the [ c <br /> Mayor to enter into a contract with PDCxist a j. <br /> unding designation includedithis motion hand that theword <br /> total be entered in.Section Vbefore the word'sum.. �.. <br /> Moved by Councilman Gipseconded by c ncilman Pepe, t amend <br /> 4,. <br /> the motion that <br /> C funding befrom the Economic Development lopment Fund . <br /> ($10,0001, Downtown Coordinator Salary Fund (00,000), d Council <br /> Contingency Fund x($10,000),'for contribution tal of$40,000 for <br /> the year 1984. <br /> Roll was celled on the amendment with all Councilmen voting y <br /> Councilman Overstreet,who voted n, and Councilor.morrow, <br /> except <br /> was excused. x { <br /> Amendment Carries <br /> Roll m n the motion as 1 `sed with all Councilmen voting 4 <br /> Yee,except Counotlman morrow,;Am wan excused. <br /> motion Carries <br /> . <br />