Minutes 07/11/1989 - Laserfiche WebLink

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518 July 11, 1989 Beginning at the intersection of the northern ~ight-of-way line of Queen Street (32'R/W) and the western right-of-way line of Alpine Street (formerly Wilson Street, 50 ft.) as shown on the aforesaid plat; thence running along the western right-of-way line of Alpine Street N02.15~45"E, 226.00 feet to a point on the southern right-of-way line of London Boulevard (formerly London St.) (120'R/W) thence running along the southern right~of-way;line of London Boulevard S87 12~15"E, 50.00 fe~t to'the eastern Fight-of-way line of Alpine Street, thence running along~the~eastern:~right~of-way~l~ne of Alpine Street S02 15~45" 226~00 feet to~the northern right-of-way line of Queen-Street, thence running along the northern right-of-way of Queen Street, N87 12'15"~, 50.00 feet to the Point of Beginning, contaIning 1I;~299 square feet~more or'less." Ayes: Barnes, Corprew, Gray, Hawks, Lucas, Simpson, Webb Nays: None 89-285 Letter from the City Manager recommending adoption to a motion to authorize the City Manaqer to execute a second amendment to the Development Agreement with the Industrial Development Authority, Realty Equities, Inc. and Salasky-Sedal, Inc. for the Churchland High School site. "The Development Agreement entered into between the City, IDA, Realty Equities, Inc. and Salasky-Sedel, Inc. for the development of the current High School site provides that various tasks to be undertaken by the parties there to be accomplished by certain dates. One of the condition precedents to the effectiveness of the Development Agreement requires that the City and School Board shall have identified a specified site and entered'into ~ binding commitment for the acquisition of the site to assure the construction of a new Senior High School on the site to serve the Churchland area of the City. I have been informed that while the City Council has taken the necessary action to accomplish same, the School Board has not, to-date~ acted. Th~ developers have advised the City and IDA that they do not wish to terminate the contract as a result of the condition precedent noted above not having been complied with but would prefer that the dates be extended for a reasonable time in order that the pro3ect may proceed. Accordingly, after consultation with the City Attorney, I am prepared to propose that we amend our Development Agreement so as to extend the June 30 deadline for a period of time not to exceed ninety (90) days, and in so doing, extend all other dates for a similar period of time. Since the transfer of the property would not have occurred until 1991 anyway, such extension should not materially affect the parties to the agreement. I, therefore, recommend Council's adoption of a motion authorizing the execution of a Second Amendment to the Development Agreement." Carolyn Cobb, to the new school site. 5207 Sweetbriar Circle, spoke in opposition site due to environmental concerns at the Motion of Mr. Gray and seconded by Mr. Hawks, to authorize the City Manager to execute a second amendment to the Development Agreement with the Industrial Development Authority, Realty Equities, Inc. and Salasky-Sedal, Inc. for the Churchland High School site was adopted by 5-2 (Corprew, Simpson) vote.