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Chairperson Kuzma asked if the developers would be open to splitting the $118,000 three ways. <br />Mr. Bakritges replied that they have not talked about that scenario and is not comfortable <br />discussing that because the parcel is owned by the County. He stated that he could be open to it <br />but there would need to be further discussion because the land is owned by the County. <br />Chairperson Kuzma stated that he is attempting to find a solution that could allow the project to <br />move forward, noting that there could be a possibility that the funds could be reimbursed at a <br />later date. <br />Mr. Dobbs stated that the numbers move around, but everyone is on the same page with the one <br />third/one third/one third split. He stated that there is something to be said about improving <br />another property owner's value five -fold that seems wrong. He stated that they would like to <br />continue to be supportive of the project. <br />Councilmember Riley stated that he understands that point of view. He stated that having the <br />shortfall, the City may possibly have to delay the development one year to find a solution. He <br />explained that if everyone shares the additional cost at a rate of about $40,000 each, that could <br />allow this to move forward. <br />Mr. Dobbs noted that he would have to speak with the Pearsons, noting that his prior comment <br />was as a consultant. He acknowledged that everyone has worked hard to get this far, and he <br />would like to continue discussions. <br />Mr. Bakritges stated that if this action is what the Committee would recommend, he would want <br />to ensure that the City leaves open the option of investigating other funding sources that could <br />bring down the cost and believed there to be enough time to do that. <br />Deputy City Administrator Gladhill agreed and asked if the Committee would be comfortable <br />allowing staff and the developers to find that solution and define a timeframe. <br />Councilmember Riley stated that he would be willing to support splitting the additional cost <br />three ways, otherwise would feel that the project would have to be moved back one year. <br />Chairperson Kuzma echoed the comments of Councilmember Riley. He stated that if the <br />agreement of splitting the County cost equally between the three parties could be reached, the <br />Committee could forward that to the Council and that would not preclude staff from looking at <br />additional funding sources. <br />Councilmember Menth asked where the gap is coming from. <br />Deputy City Administrator Gladhill explained that is the portion for the County parcel frontage. <br />Mr. Bakritges stated that they would support that concept but would like to stress that staff <br />continue to investigate alternate sources of funding, as mentioned in the staff report. <br />Public Works Committee / March 16, 2020 <br />Page 3 of 7 <br />