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Councilor Solomon echoed the Mayor’s compliments to staff. She observed that the situation was <br />extraordinarily complicated and frustrating. She believed that if the City stuck with it, the project would <br />come to fruition. <br /> <br />Councilor Brown indicated he would support the extension. <br /> <br />Councilor Poling clarified for the public that the item did not come to the council as a surprise in the <br />newspaper. The information was on the council packet delivered on May 22 and the council had prior <br />knowledge of it before it hit the press. <br /> <br />Councilor Zelenka referred to the letter from Beam Development, on page 143 of the Agenda Packet. He <br />pointed to the fourth bullet point and said he interpreted it as indicating that the City could have to pay some <br />financing charges on the property if the project did not get going within six months. Mr. Braud agreed with <br />that interpretation. He said if Beam spent the next six months trying to court LCC to the site and then LCC <br />could not attract all of the funding, the project would then have to start all over. He believed that the fourth <br />bullet point was there in recognition of this possibility. <br /> <br />Councilor Zelenka commented that all of it depended on what happened with the economy. <br /> <br />Mayor Piercy remained hopeful that the “moments of opportunity for funding” would help the project <br />launch. <br />Roll call vote; the motion passed unanimously, 8:0. <br /> <br />The meeting adjourned at 9:14 p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />Jon Ruiz <br />City Manager <br /> <br />(Recorded by Ruth Atcherson) <br />MINUTES—Eugene City Council May 26, 2009 Page 12 <br /> Regular Meeting <br />