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<br />I <br /> <br />I <br /> <br />I <br /> <br />Council Meeting Minutes <br />September 12, 1989 <br /> <br />Page 8 <br /> <br />Council Business, continued <br /> <br />Benke feels the format of the plan seems very workable. Wi 11 i ams <br />feels the idea of taking a pro-active stance in helping to achieve <br />implementation of the Highway 8 corridor plan is exciting. <br /> <br />Locke noted that Lynn Rabuse, Summer Pl ann i ng Intern, has worked <br />very hard and contributed greatly in the preparation of the plan. <br /> <br />Brandt complimented staff for compiling the information in a <br />understandable and workable format. <br /> <br />Anne Norris, Community Development Specialist, presented the <br />amendment to the development agreement with Interstate Centre <br />Development Group. <br /> <br />The City's development agreement with Interstate Centre Development <br />Group for the red eve 1 opment of the Pi pkorli-~'lorri son properti es <br />states that the properties be transferred by September 15, 1989. <br />However, the acquisition of r~r. Morris0l1's property by condemnation <br />and Mr. Morrison's relocation took longer than originally planned. <br />Additi ona 1 titl e work is also necessary befcre transferri ng the <br />properties. <br /> <br />The developer has agreed to extend the Letter of Credit and amend <br />the (:ave 1 opment agreement so that the prop.."rti es wi 11 be purchased <br />by the developer by November 1, 1989. <br /> <br />The agreement allows the developer to begi n work on the proj ect <br />prior to the actual transfer of the properties. Construction of the <br />first phase of the office/showroom facility has started. <br /> <br />Motion by Larson, seconded by Gunderman, to WAIVE THE READING AND <br />ADOPT THE RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF AN <br />AMENDMENT TO THE CONTRACT FOR PRIVATE DEVELOPMENT WITH INTERSTATE <br />CENTRE DEVELOPMENT GROUP. <br /> <br />5 Ayes - 0 Nayes, Motion Carried <br /> <br />Council Business <br /> <br />Old Highway 8 Corridor <br />Implementation Plan <br />Report 89-227 <br /> <br />Amendment to Contract <br />for Development with <br />Inter-State Centre <br />Development <br />Report 89-228 <br />Resolution 89-114 <br />