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<br />On December 28, 2006, the City Council adopted an agreement with PSD LLC for an exclusive <br />option to develop the City's option properties. Due to the uncertainty of the ability of the PSD <br />LLC to gain control over the option properties, the City Attorney recommended that the City <br />Council rescind its action to enter into the agreement with PSD LLC for the option properties. <br />The City Council indicated a desire to continue to talk with representatives of PSD LLC or <br />others to explore opportunities on those sites. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Olson, seconded by Councilmember Jeffrey, to adjourn the meeting. <br /> <br />Motion carried. <br /> <br />The strategic planning/goal setting session adjonmed at 4: II p.m. <br /> <br />Respectfully submitted, <br /> <br />~~ <br /> <br />GivoIll1a Reed Kone <br />Human Resources Manager <br /> <br />" <br /> <br /> <br />City Council! January 19, 2007 <br />Page 3 of3 <br />