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Mr . Shonkw i l er thanked st<~f f and Cou:rrc~:i 1_ for t hc~ i r <br />effort:s i n c.onsi dcration o% !:h] s pr•o jest: . <br />Mayor_ Fauson moved and i~ohr sr~~conde<i to ~~C~optc~d <br />Resol ution #4n, Ser_ies 1yHfS wit:h t::he s#:ipulat:iota. <br />that. the s i gnc-~d :;ubdivi ;;ion agrc~c~rrrent and. tte <br />fina]_ p1~rt be r.erorded toget her. I3y Roll. c:al L <br />Vote, Reno ] t.rt i.on #~'!8, ; er i es t_9t38 was adopted / U . <br />APPROVAL 0){' FRONT STREFT PARKING LOOT L,hASF--PtJRCfJASF <br />AGREEMENT Deleted from the Agenda. <br />RESOLI_fTION #`>0 :aERIES 198H - W--4'/U FINANCING <br />PLAN Read in its entirety, Resolution #`~U, Series I~a88, <br />"A ResoJ_ution approving the F.r.st::. Amendment. t:o tk~e <br />Ilighway Author. i ty Agreernc'nt . " <br />Mohr.. explained t:hat the W--4'IU Board of Di.r.ect.or::; <br />has requested that Resolution #`~U be adopted by <br />each Council represented i.n the Aut:horny. It: is <br />necessary that each elected body endorse the <br />proposed fi.nanr.ial plan prior t:o t:tug election. <br />sc..heduled for February 1(38ta. [n addition, the W-- <br />4'10 Authority has forwarded the First Arnerrd.~rrent. t o <br />the HicJhway Authority Agrc-~c~rnent [or Counr,il_s' <br />review and. appr_ova].. The Authority is <br />r_ecomrr~endi_ng, ~_znd <~a publ_i_c. hc~<rrirrg on this <br />rc'commendat:i.on i:~ t:aki.n~x t>lac.e Novernber. l6t:h, t:h.e <br />e:~tak> k :i si~ment r, F a ~> l U per year vet~i r.] <~ <br />registration fee within t:he bounct~.rri.es of the <br />Authority fo:k]owin~g a referendum thereon on <br />>?'ebruary '/, 189. <br />Mohr explained that a corr-plei_c f:financing plan is <br />not: yc~t: avai labtc~. Tare Govc~r_nor has est:abl i;hed ~:r <br />'Pransport.ation Roundt-able which is investigating <br />many i.ssue;> which w.i1 ]. be di rectal y ~~nd i_nd redly <br />:impact.ing how t:he Authority may proceed. T}fie <br />legi.slat:ure is r_.ons_ci.ering other legislation. the:3t. <br />may have an eff er.t: on t hi.s i s.~ue . On the November <br />8th ballot., those people in title jur .sdi.r.t i on of E- <br />4'IU ar_e voting on this ~=,arnc~ $lU regi stmt:iori tee . <br />These uncer_trzinties make it dtfi.cult. to put:. <br />together a tots-rl financing plan. The. Author. i t:y i:, <br />suggesting t:o each ot: t:he :nine jirrisd.ctions <br />con::~iderat:i on of a1.lowing th_;> elect.ic;rr on <br />February '/th to proceed in con sider.ati_on of the <br />$1 (l fee as part.. of the f i nanc,i_ng plan . Fvr~r <br />different. options have been considered. a.nd t:he $tU <br />fee is being .recommended by t:he Aut:horit.y. Mohr <br />>t a.ted thafi Lhere is a possi~>i_ l i.t y t:hat: t:he <br />Iec~:islatur.e may present: new lc~gislat:ion that-. wi.1.1 <br />render. this plan rtnner.essary by prov i_ci i.rict other <br />post;:ib i a iti e> i or luncting tlt.i s project.. <br />