City Council Minutes 1996 01 16 - Laserfiche WebLink

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Davidson moved that Council refer this to the Finance Committee and they come back to Council with their recommendation. Seconded by Howard. All in favor with Sisk and Lathrop being absent. DISCUSSION/MOTION - HOMART AGREEMENT OF COMPLIANCE Ronda Kelley, Management Assistant, stated that the only change in the agreement was the addition of the last sentence in 3(d), "The City and Homart and its successors will work in good faith to establish a mutually acceptable technique to measure the flow from the property. " Davidson called for Council questions. Mayer wanted paragraph 3( d) shaped in such a fashion that the constituents be protected because of the large dollars at risk. He asked that they come to a conclusion that is fair to both sides. Howard wanted to know if the citizens were at risk from the Council accepting this agreement at this meeting. Tom Phare, Public Works Director, did not feel there was risk in regard to the sewer agreement because the money is in the bank and the revenue flows will go to the City to meet the sewer needs. Howard recommended that Council continue with this agreement. Don Shonkwiler, Sears Development Company, formerly known as Homart Development, 400 South McCaslin, Louisville, Colorado, stated that regardless of what occurs with this agreement, the underlying agreement is still the sewer treatment plant agreement. He pointed out that this agreement is to try and set up a means as to how to close this out. He pointed out that the incentive is considerable on the side of both parties, because there is a significant amount of money involved. He asked that the document be approved as written as it is a requirement that Sears Development is obligated to procure in order to close this property. Mayer moved that Council approve the Agreement of Compliance, that the Agreement take effect on the date that the City, through the Mayor, and Homart and its successors establish a mutually acceptable technique to measure wastewater flow from the property, and that the Mayor be authorized to sign the agreement on or after that date. Seconded by Levihn. Roll call was taken. Motion passed by a 5 - 0 vote with Sisk and Lathrop being absent. DISCUSSION/DIRECTION - FINAL PUD DEVELOPMENT PLAN FOR LA QUINTA INN, CENTENNIAL VALLEY, PARCEL "H", LOT 3 Paul Wood, Planning Director, stated that the applicant was proposing a 62,977 s.f, three story La Quinta Inn with 120 guest rooms and 127 parking spaces. The south building elevation faces U. S. 36 with an overall length of 190'. Staffhad told the applicant to anticipate additional modifications to the architecture of the building elevation to break it up architecturally with projection and recesses. 4