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substantial investment in the property that goes back two years and they would be will:~g ~to <br />explore with the City the possibility of changing the location of the development - -'~ '~ ~'; ': i,f~'that~is~ia :~: <br /> riorit of the Ci , but if the sale of the land does not go through this year there w/t:i' ~' longe~x:k? <br />~e thatYoption bemuse there will no longer bed funding source. Mr. Johnson n_o,t~c~¼iS'~t. ACCAP <br />full understands that if they do accluire the land there will be building obstacl~?~o"~'~ough <br />and for that reason they would be willing to broaden the discussions on ,tt~iitI0cation, 'b~Ut!~that <br />discussion wilI be set back two years if the sale does not go forward. Ci~ttorney <br />noted that even if the Council intr'oduces the ordinance they would n9[':be ab]~legally close'~h~ <br />the sale of the property until January. Mr. Johnson rephed that tl!dtsaue:!s an accounting issue. <br />City' Attorney Goodrich noted that the buyer may not accept the:mterpret~9,n..~, ~ ~.~. of the termination <br />and they could chose to pursue the sale of the property.~6~rce theCity topay damages. <br /> · . ~,~/~. · ' <br />Councilmember Z~mmerman replied that a lot of th,ed~msmn th~ouncfl makes are <br />decisions and the investments the home owners have ¢~e big also:'~'~proposal for 31 low <br />cost rental umts seems to be out of step w~th that ar.e.a:"an~t~or that re~n~zgannot support ~t. <br />Mr. Johnson replied that he can respect his opinion, but expla'ifi~;th~t~e proposes <br /> development <br />cost exceeds four million dollars. The quality of the housing i'~.icost townhomes that offer <br />affordable rent. ACCAP is willing to work with any suggestioh~c.h~.~:.~ .,~ Councikmight~ have to <br />improve the development. Councilmember Zimmerman stated that i~n~[~ble~-~'~~ that they are <br />rental units. Councitmember that studies have been c~:.'¢x[ ~hat show these <br />types of developments do not homes in the vic~¢~ the development. <br /> ~:~ ' . <br />Mr. Johnson explained that a Housing Fund which referred <br /> <br />to a development similar to <br />it did not impact the value of the <br />quality town.homes. They would not <br />townhomes. Councitmember Zimmermar <br />position. Th, <br />develo is ,uncil <br />willing the Coun a copy <br />when :ouncil purchase <br /> <br />to have the <br />future holds for <br /> <br />,ved Comp <br /> <br />looked at and they determined that <br /> of quality of the urban <br /> housing, but affordable <br /> that anyone can find a study to support their <br /> that their homes were devalued by similar <br /> Mr. Johnson replied that he would be <br /> Councilmember Hendr/ksen stated that <br /> they thought they would have a <br /> which the City did their part to complete only <br /> ts. At this point the City does not know what the <br /> Plan and that is why the July 1, 2000 deadline was <br /> <br /> ~~7~ed in the a . Mr. Johnson explained that ACCAP is not seeking any zoning <br />~~~~&.~_ 's time a~ ~?understand that should they proceed with a development they <br />would havelOCk, do so under~z_ex~stlng zomng. He expressed the strong wdhngness ACCAP has <br />'to work wit~ CiW. He~'i~ested delaying the action until the next Council meeting to allow <br />the City Atto~.time to~'vieTM all of the documents. <br /> <br /> Motion. carr/e~~k~m Voting Yes: Mayor Gamec, and Councllmember' Anderson. Voting No: <br /> ~iCounmlmemlS~Tlendriksen and Zimmerman. Abstain: Councilmember Connolly. <br /> ~ ~.:~r-~' . · · <br /> ~a.r~._'~ec requested that the City Attorney rewew all of the issues that weredisc=ssed and <br /> res~i~'~f a motion was made by the Council committing to the sale of the property. <br /> <br />I <br />t <br />I <br />I <br />I <br /> <br />-72- <br /> <br />City Council/December 12, 2000 <br /> Page 10 of 25 <br /> <br /> <br />