Title
Resolution Requesting the DDA to Begin Discussions to the Parking Agreement with the City for a Mutually Beneficial Financial Agreement to Extend Payments to the City
Body
Whereas, The City and DDA have a parking agreement that is scheduled to expire in 2015;
Whereas, This agreement enabled the City to draw down future rent payments on the parking system and those payments are scheduled to end July 1, 2010; and
Whereas, The City would like to work with the DDA to discuss a mutually beneficial financial agreement to extend payments to the City beyond July 1, 2010;
RESOLVED, That City Council requests the DDA to begin discussions for a mutually beneficial financial agreement to extend payments to the City beyond July 1, 2010.
As Amended by City Council on January 20, 2009
Staff
Sponsored by: Councilmembers Sandi Smith, Leigh Greden, Margie Teall