2005/06/29 Council Minutes - Laserfiche WebLink

• • June 29,2005 j, teen lease is still an option.The financial points of this transaction are yet to be negotiated. it is anticipated that a proposed purchase and sales agreement and development agreement will come back to the city council before the expiration of the exclusive negotiating agreement.The city will retain ownership of the direct river frontage on the Simpson site and the lend-fill site. • Roll was called with all council members voting yes. Motion carried. • PUBLIC HERRING—C.B.0506-22 President Krell opened a public hearing regarding Council Bill No.0500- ' 22,the disestablishment of the existing Business Improvement Area(BIA) • and the creation of a new BIA. Karen Shaw,Director of Economic Development and Human Needs,and • Ned Johnston,city attorney's office,gave a history of the BIA and explained the proposed changes. Those changes include:assessment calculation to include a percentage of assessed value as well as lineal front footage;a three year budget;pad time BIA manager,and BIA area expanded to include a potion of Hewitt Avenue. • Ned Johnston explained that after the public hearing a resolution would be introduced and acted on and then the ordinance. Council Members had questions regarding assessments and a non-profit ' exemption as well as the need for a manager. Bill Quistorf,1009 Colby Avenue,a downtown property owner,spoke in support of the proposed ordinance. • • Nancy Johnson,1502 Wall Street,Executive Director of the Imagine • Children's Museum,expressed comm that them is no relief for non- profits and passing a three-year budget would be too long to not address any problems that may come forth. 195