8:30 p.m. - UCC Meeting Update
Motion by Crane is as follows:
1) Change city contribution from 10 percent to $100,000
2) Enter discussion from parties to recieve instrument guaranteeing $100,000
3) Strike paragraph three of the recommended action which states:
Additional Deposits. At any time prior to final completion of the construction of the Project and approval of the completed work as fully complying with the construction contract (“Final Completion”), the City may notify the County, if it determines that the Deposit is not sufficient to pay for the full cost of construction. Within ten (10) days of such notification, the County shall deposit additional funds, as requested by City, to maintain the Deposit in an amount sufficient to pay those costs.
Passes 4/5, with Mayor Baldwin dissenting.