City Council Minutes 1982 01 06 - Laserfiche WebLink

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rtuJOURNED MEETING LOUISVILLE CITY COUNCIL JANUARY 6, 1982 Mayor Caranci called the meeting to order at 7:30 P.M. M.S.T. with the follow- ing Council members pesent: Fauson, Cummings, DelPizzo, Brown, Meier, and Domenico. Also present were City Administrator Wurl, City Attorney Rauten- straus, Director of Cornnlunity Development Rupp, Director of Public Safety Leesman, Chief Accountant Caranci, City Engineer Blanchard, Acting City Clerk Mudrock, Council members elect: Leary, Cussen and Ferrera. Absent: Director of Con~unity Services Hioco and City Treasurer Hesson. Present: Representing Jacobs/ Kahan Co. Donald Kahan, Joe French, David Stahl, Charles Klarich, and Dennis Drumm. JOE FRENCH - ATTORNEY REPRESENTING JACOBS/KAHAN CO. SUPERIOR INTERCHANGE Mr. French thanked Mayor and Council having the adjourned meeting this evening to accomo- date their Company and advised that Mr. David Shank representing Homart was in attendance from Chicago, who was the joint venture part- ner with Donald Kahan on behalf of Sears, Roebuck & Co. on the Centennial Valley Mall project. The representatives were present to submit a series of agreements on which intensive negotiations were begun in April, 1981. The State made some concessions on December 11, 1981 allowing their company to put a cap on the amount of money to be spent on the Superior Interchange. The original price was 2.5 million dollars and it is now 5,100,000 dollars. Each member of Council had copies of all the agreements. Mr. French further stated the Superior Inter- change improvement agreement is between Louis- ville Associates, the State Highway Con@ission, Department of Highways and the City of Louis- ville. Their company had placed a design of the reconstructed interchaJ.ge on the wall of the Council Chambers. If this agreement is approved by Council tonight there are further approvals to be obtained. Hr. Kahan had signE~d the agreement on behalf of his company. Mr. Shank will be presenting the agreement to the Homart Board of Directors after Council's approval. After all approvals have been obtained construction will begin. Mr. Dwight Bower of the State Highway Dept. has fixed a completion date of Hay 1, 1984 for the interchange. The agreement is secured by a letter of credit is excess of 5 million dollars ~lhich will be placed in an escrow account emabling the Highway Dept. to pay as the project progresses.