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Councilmember Hendrikgen gtated that part of the jugtifieation for the $150,000 loan at Sunfish <br />Commons had to do with Star Exhibits coming to the City. <br /> <br />City Attorney Goodrich noted that the loan transaction with Sunfish Commons has not yet <br />occurred. <br /> <br />Councihnember Hendriksen suggested that maybe they should reconsider granting the loan. He <br />also inquired if the plat should be changed since Star Exhibits is no longer going to be on the <br />property. <br /> <br />City Attorney Goodrich noted that the property can be subdivided at a future date <br /> <br />Mayor Gamec stated that Star Exhibits made a lot of commitments to the City and should be held <br />responsible for any costs the City incurred. <br /> <br />Councihnember Zimmerman stated that due to the economic conditions he felt that the City <br />should be seeking smaller companies. <br /> <br />City Attorney Goodrich inquired if staff should proceed with the loan transaction for Sunfish <br />Commons. <br /> <br />Councilmember Kurak stated that she would not feel comfortable backing out of an agreement <br />the Council already approved. <br /> <br />Councihnember Hendriksen felt that it would make sense to bring the Star Exhibit issue back on <br />the next Council agenda and include the Sunfish Commons issue as well since bringing Star <br />Exhibits was the main justification for offering the loan. <br /> <br />Mayor Gamec stated that he would like the City Attorney to begin working on any legal recourse <br />the City might have with Star Exhibits right away. <br /> <br />City Attorney Goodrich stated that he will have to research what types of damages and the course <br />of action, but he will not be able to bring that information forward by the next Council meeting. <br /> <br />Mayor Gamec noted that he could call a special meeting if necessary. <br /> <br />City Attorney Goodrich inquired if staff should proceed with Sunfish Commons transaction. <br />Mayor Gamec and Councilmember Kurak felt that they should proceed with the transaction. <br /> <br />Councilmelnber Hendriksen stated that he was unsure if the loan was an "award" for bringing <br />Star Exhibits to the City. He inquired if that was the only justification for approving the loan. <br /> <br />City Council/April 23, 2002 <br /> Page 7 of 16 <br /> <br /> <br />