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<br />CITY ADMINISTRATOR'S REPORT <br /> <br />ITE11S 8. A. & 8 B. TABLED <br /> <br />Councilman Cummings <br /> <br />Councilman Leary <br /> <br />LDC - SMALL CITIES GRANT <br />APPLICATION <br /> <br />11/3/82 <br /> <br />Page -16 <br /> <br />have been attempting to meet with the County <br />people and see who will participate in the costs <br />involved. Recently a letter was received from <br />Commissioner Bob Jenkins suggesting that we <br />meet with the County Engineer and the local <br />road foreman to discuss this and other problems <br />associated with the roads. Hopefully this <br />will help solve the problem. <br /> <br />Administrator Wurl requested Council table <br />items A. and B. as stated on the Agenda. <br />There were a number of items in the Louisville <br />Associates Agreement that needed to be corrected, <br />which related to the Notice of Award. <br /> <br />Councilman Fauson moved, Councilwoman Morris <br />seconded that Louisville Associates:.- Waste <br />Water Plant Agreement, and Western Empire <br />Construction Co - Notice of Award - Wastewater <br />Plant be tabled.. <br /> <br />Inquired if a cost-analysis was actually done <br />on this project" and requested Council be pro- <br />vided a copy of this. <br />Question called for. All in favor. Motion <br />carried unanimously. <br /> <br />Inquired how this improvement of the waste- <br />water plant, and the relationship to it if <br />any, what it might mean in terms of new stream <br />standards. Wished to discuss this issue before <br />the contract is signed. <br /> <br />Mayor and Councilmembers had a copy of the <br />application. <br />Mr. Mark Adams, General Manager for the LDC <br />briefly went over the background information <br />of LDC. The 502 plan provides for partici- <br />pation by local development corporations in <br />financing new projects with the purpose of <br />assisting local economy and adding to employment. <br />The LDC participates in 20% and one of the <br />local banks would pick up the 80% investment <br />in a business redevelopment or new business. <br />The participation by the local bank is guaranteed <br />by the Small Business Association up to 90%. <br />As working capital the LDC had been granted <br />$25,000, which was received from the City thru <br />the agreement with Jacobs/Kahan.as seed money. <br />Additionally Jacobs/Kahan pledged $50,000 to <br />the City with conditions. He was informed <br />