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Mr. Clark asked if there was concern that the rent rate quoted by Beam would increase if the project <br />expenses increased and Beam was forced to seek additional financing. Mr. Sullivan said that issue had not <br />been addressed but it was possible that any additional financing Beam might need to obtain could be at a <br />higher rate. <br /> <br />The meeting adjourned at 1:25 p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br /> <br />Jon Ruiz <br />City Manager <br /> <br />(Recorded by Lynn Taylor) <br /> <br /> <br />MINUTES—Eugene City Council May 14, 2008 Page 7 <br /> Work Session <br />