Laserfiche WebLink
1 <br /> May 5, 1993 <br /> Syuare devdopment and when Colby Square didn't go fonvard with the <br /> �elopment adjacant W the tl►eater �°Iby Square�e� �urcd parldnB �'�►th <br /> a 50 year lease at the gara8e(Bon Marche). <br /> Councilman Camplx�l aclrnowledBed thac th� lease d°� not specify on-site or <br /> off-site of the parlan8 spaces• <br /> W����'�,���a��listeninB to recordings of the council meeting <br /> )orry Vrooman directod Ciry Clerk Donna Rider to review the tapes. <br /> Councilman CamPbell fdt that the City was PaY�nB th� s�� �ount of money <br /> but not getting on-srte pa*1dn8• He stated that the Council is not BettinB w1�'� <br /> they perceived to$et. <br /> Bill Cushman, Finance+ r�minded Council of the public hearin6 tha�,was held <br /> and the compromise that came about with the 20 parlong sp��+ off-pu. Now <br /> ehat the Colby Square development is back on track �t is the understanding that <br /> those 20 spaas will be availabie in the garage adjacent to the theater. <br /> � Councilman CamPbdl also made reference to a reco�� ag�m��m� <br /> Colby Square Partners a�d Everett Mutual SavinBs Bank w'h�Y �e Ci <br /> through the prop�rtY,to the south of the theater was given. Perlisps �Y <br /> pttomeys can check mto chis. <br /> Councilmar� Anderson was concemed that the Ciry have a Bua�� for the 20 <br /> y�paces, What would happen if it passed to another owner? <br /> Attomey Jones recommende� a long tern► record°d �e�e' <br /> � Attomey lones also asked Council how much they want to pay for this <br /> wii�l want addi onal money. 'fhere was no Paz�n B money in�e�� �d.ord <br /> Bill Cushman stated that free parl��g was never assamed ana was ��'a P�of <br /> the bid. <br /> Councilman Overstreet made reference that this project was over budget. Bill <br /> Cushman stated that the $6 million was just a figure used for reserving a spot in <br /> the CIP budget. <br /> City Attorney Ivlike Weight after looking at the document between Colby <br /> alleywaya It assures Evere�tt Mut al t fat they will�have a c�o the alleyway. e <br /> ) 187 <br /> (� <br />