City Council Minutes 1998 06 02 - Laserfiche WebLink

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Lathrop agreed with Sisk's concem; however, he also feels the property would appreciate significantly over the next year and Council would be wise to move forward to avoid paying more than the current asking price. Keany moved that Council authorize the expenditure of $75,000 from the City of Louisville General Fund for purchase of 10 affordable apartments in Regal Court/Regal Place, seconded by Sisk. Roll call was taken. Motion passed by a 6-0 vote. RESOLUTION No. 28, SERIES 1998 - REPEALING RESOLUTION No. 8, SERIES 1998 Davidson called for staff introduction. Sam Light, City Attorney, stated that in February 1998, Council passed Resolution No. 8 which approved a form land exchange agreement with Colony Square, LLC, for portions of the vacated 80th Street fight-of-way. Certain conditions precedent to any such land exchange have not yet been fulfilled; therefore, it is recommended that City Council at this time repeal its prior approval of the form agreement. Sisk moved that Council approve Resolution No. 28, Series 1998 - Repealing Resolution No. 8, Series 1998, seconded by Keany. All in favor. OTHER REGULAR BUSINESS ITEMS ARISING AFTER PREPARATION OF AGENDA NONE CITY ATTORNEY'S REPORT NONE CITY ADMINISTRATOR'S REPORT Bill Simmons, City Administrator, reminded Council of the Downtown Design Guidelines Steering Committee meeting on Monday, June 8, at 7:00 p.m. to review the Framework Plan and the first draft of the Downtown Design Guidelines. He extended an invitation from the Boulder City Council to meet with the Louisville City Council on Wednesday, June 10. COUNCIL COMMENTS AND COMMITTEE REPORTS Davidson requested that Council provide some guidance to staff in determining if street lights should be required in the industrial area of the Business Center and the Park at CTC. He feels the complex is already over lit by parking lot lights, for which the City pays the electric bill. 7