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• J <br /> • <br /> or under that figure, tbs City is sot obligate* ;;T <br /> proceed. The _upset figure oe the revenue • <br /> interest rats is 10,450. If we can't get them at <br /> that rate over as average 20 eer period, its ax. poi <br /> obligated to proceed." °Ths flail design of the • <br /> golf course is subasat to Council approval at a <br /> later date. d lot of things will ooate back to <br /> Council down the road, but we have specific <br /> benchmark figures In the Aaoezatics Agreement st <br /> this time which secure the City <br /> N ahr stated that he is most proud of th joist effort amon! y owner's to develop a golf. . :'• <br /> course is a v -via contest on this site._ nhrsln <br /> took a lot of giving from.eeoh of the :' <br /> pettier.• ' $she et thsefeartaVe ' fk- <br /> George ♦ -new dla = of . ..• fors bs W. l . <br /> • . d * <br /> to bring 'this t ti► • '; x i <br /> Mpbt tbaa •i tat {� '" <br /> ppaa ilities and Iii liemeos for his ' ! .41 <br /> capabilities <br /> to bring this project to this pD s <br /> mohr further stated that this project is am <br /> enhancement of this Coy auil'a economic deeelopms <br /> goals for the maize ar.s. This is the first 'Raj*• <br /> residential osmotic* of this Coumcil rthioh a3a1► <br /> comae is the context of *commie development. .3 c { <br /> quality ina �life <br /> providing e <br /> areas is the opee aria of the golf onuses. Mohr . <br /> stated that the school bond eleotios was <br /> by this community and that this City as ye as <br /> unman bas contributed e free Land to the District to <br /> build their schools. Although schools is not the <br /> jurisdiction of municipal government, this City will <br /> continue to be sensitive to the oeeas of the <br /> District. hohr favors this annneirratiair without <br /> reservation assuming that all of the rs+uiratests <br /> are set and will prefer to make that decision mhos <br /> all of the papers are is order. <br /> Ssyaar ski stated that although it has takes some <br /> time to get this project to this point and that <br /> Council is requiring all documents to be is order <br /> prior to final decision, the City of Louisville can <br /> be assured that Council is doity it properly. nos <br /> don't undertake a rwlti-Milos dollar project <br /> without knotting all the facts and having sessythi <br /> before you.• I am totally in favor of the pr+oj�t <br /> and as totally in favor of the procedure we have <br /> followed. I believe we have dons our job <br /> thoroughly. We have investigeted all possibly <br /> contingencies that could arias. he have put <br /> 0 <br />