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<br />e <br /> <br />e <br /> <br />. <br /> <br />Mr. Gleason reported that the State Lottery funding is fairly firm and an <br />installment has been received from the Federal government. Negotiations are <br />continuing with the tenants. The question is how to finance the project in <br />stages, and how to present the funding process to the voters; will it be <br />bonded debt or a cash donation. Mr. Obie asked if the council could assist in <br />negotiations with the airport users and Mr. Gleason replied that the progress <br />is good, and that the council need not get directly involved at this time. <br />Ms. Bascom asked if any of the stages can be started and Mr. Rutan said that <br />the committee will meet with staff and prepare a proposal. The staging <br />process also needs to come before the council, according to Mr. Rutan. <br /> <br />Mr. Obie reiterated that the funding gap needs to be carefully identified in <br />order to provide a projected revenue stream. Mr. Hansen believed that <br />Mr. Gleason and the staff are working through these areas of concern. <br /> <br />Mr. Holmer asked if airport user rents are set for a specific time or <br />continuously open and negotiable. Mr. Gleason replied that the negotiations <br />are now year-by-year, but that the City would like to do this differently. He <br />also talked about some of the complex portions of the negotiations. <br /> <br />Mr. Obie thanked the members of the Airport Subcommittee and the meeting was <br />recessed at 7 p.m. <br /> <br />~~ <br /> <br /> <br />Micheal D. Gleason <br />City Manager <br /> <br />(Recorded by Judy Jernberg) <br /> <br />JJ:je/ST1438 <br /> <br />MINUTES--City Council Dinner/Work Session <br /> <br />Apri 1 28, 1986 <br /> <br />Page 5 <br />