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TC Minutes 12-13-19830 0 MINUTES OF THE REGULAR AVON TOWN COUNCIL MEETING DECEMBER 13, 1983 - 7:30 P.M. The regular meeting of the Town Council of the Town of Avon, Colorado was held in the Municipal Building, 400 Benchmark Road, Avon, Colorado in the Council Chambers. The meeting was called to order by Mayor Allan Nottingham at 7:45 p.m. A roll call was taken with Larry Kumpost, Sheila Davis, Greg Gage, A.J. Wells, Al Connell and Don Buick present. Also present were Town Attorney John Dunn, Town Manager Richard D. Blodgett, Finance Director Bill James, Planning Director Jim Lamont, Director of Public Works Norm Wood, Building Administrator Dick Evans, Superintendent of Public Works Dan Sunday as well as members of the press and public. The Mayor called for Citizen Input. Ted Martin, Director of the 1984 Triathlon, approached the Council. He reported on the upcoming Triathlon. Mr. Martin presented a packet to the Council which consisted of a sample of the letterhead stationary, letters of news releases, a public relations plan and a copy of the Triathlon budget. Mr. Martin stated that at this point they are soliciting sponsorships for which there are several. The major sponsorship involves about a $15,000 contribution, some involve $5,000-57,000 contributions and some involve a $200 contribution. The $200 sponsorship will be the package that will be offered to the local businesses in the community. Mr. Martin stated that he had conversed with Freedom TV of Orlando, Florida, who were interested in filming the event. They wanted to film a half hour to an hour special and then they will try to sell it to the TV stations. There would be no cost to the Town. Mr. Martin stated that the film company wanted a three-year contract. The first year there would be no residuals, the second and third year there would be 10% to 15% consecutively of the residuals that would be made up from the filming. He stated that after the Board meeting a Mr. Jay Ogden of IMG had called him (IMG is the state of the art as far as filming sports events of professional athletes). Mr. Martin stated that IMG was interested in filming the Triathlon, but if the three year contract was signed with Freedom, then they would not be interested. He stated after conversing with John Horan-Kates, they decided not to worry about TV coverage or media coverage, but try to run a professional event and then those things would happen. Mr. Martin agreed. The Council also agreed. Mr. Martin stated that at this time they have 20-25 applications out and he expects those to be back sometime in January. He felt that 100 participants would be too many for the first year. He stated that he would like to see no more than 50 participants. Mr. Martin then proceeded to go through the Triathlon budget. Discussion followed. -1- • 0 Mr. Martin requested that the Council try and help with the $3,000 deficit. Discussion followed. Greg Gage moved to commit the additional $2,500 for the 1984 Triathlon. The motion was seconded by A.J. Wells and was unanimously carried. Mr. Martin recommended that for the next year the Council should look for a full time Director for the event. The Mayor thanked Ted Martin for his report. Second reading of Ordinance No.#83-39, Series of 1983, AN ORDINANCE AUTHORIZING EXECUTION OF CERTAIN EQUIPMENT LEASE AGREEMENTS. The Mayor opened the meeting for public hearing. There being no one wishing to be heard, the Mayor closed the public hearing. A.J. Wells moved approval of Ordinance No.#83-39, on second reading. The motion was seconded by Al Connell. Those Councilmembers voting aye were: Larry Kumpost, Sheila Davis, Greg Gage, A.J. Wells, Al Connell, and Don Buick. There were no nay votes. The motion was unanimously carried. First reading of Ordinance No.#83-42, Series of 1983, AN ORDINANCE AMENDING ORDINANCE N0.#83-33, SERIES OF 1983, TO ADD TO THE SCHEDULE OF RATES CHARGED BY HERITAGE CABLE TV. Be it noted that Sheila Davis stepped down because of conflict of interest. Gene Larson, Manager of Heritage Communications, Inc., Cable TV approached the Council. He stated that there has been some controversy concerning deposits and converter rental. He stated he felt it would be in everyone's best interest to include these charges in the Franchise Agreement. The changes on page 1 provide for a $50 deposit on the converter, a converter rental of $4.00 per month, $6.00 per month for a remote converter and a basic security deposit of the first and last month service charge. Page 2, 5th paragraph, 9th line change "within thirty days of " to "at least 30 days before." After discussion, Al Connell moved approval of Ordinance No.#83-42 on first reading with the change on page 2. The public hearing was set for January 10, 1984. The motion was seconded by A.J. Wells. Those Councilmembers voting aye were: Larry Kumpost, Greg Gage, A.J. Wells, Al Connell and Don Buick. There were no nay votes. The motion carried with Sheila Davis abstaining. The parking and offices for Heritage Cable TV was discussed. The Town Manager stated the need of occupancy for Heritage Cable at their expanded quarters here in Avon. The reason of the Council involvement is the Special Review Use (SRU) to permit an office in the warehouse. The use is being reviewed by the Planning and Zoning Commission and is anticipated that everything is in order. It was requested that this SRU be placed on the continued Council Meeting December 27th. -2- s • After lengthy discussion the Council agreed to hear the SRU for Heritage Cable TV on the meeting of December 27th. The Lift Bus Service on Nottingham Road was discussed. Jim Lamont reviewed the Nottingham Road survey regarding the bus service with the Council. Mr. Lamont stated that the survey showed that the bus service be continued in the area, that their peak demand times are from 7-9:00 a.m. and 3-5:00 p.m. The principle destination of their needs would be the Beaver Creek Ski Lifts and City Market. He stated the ridership demand would be monitored so as to determine if the service levels should be altered. Mr. Bob Nolan, resident of Nottingham Road, was concerned about the schedule for the bus for Nottingham Road. He stated that residents do not know when the bus runs for that section of Avon. He stated he could not seem to receive a definite answer as to when the bus ran on Nottingham Road. The Town Manager stated that Bob McIlveen would be preparing some schedules and maps that would be distributed to the residents of Nottingham Road and available to other complexes in Town. The Mayor stated that Mr. McIlveen's people should be made aware of the schedule information so that they can pass onto the people the accurate information. He stated that the Town would increase the service when it is affordable. It was stated that Council will want to know about the problems of the bus service, if there are any, once the Lift is running properly. Bob McIlveen stated that he has problems with the eighty new employees, there have been a lot of changes in the Lift schedule and the Vail schedule, etc. He stated he hoped that these problems would be resolved in the near future. He stated the new schedules would be available either tomorrow or the next day. Mr. McIlveen stated that the Transportation Council Committee would be meeting on Thursday and urged the residents to attend. The Council appointed Jim Lamont as the Town's representative for the Transportation Council Committee, to report back to the Council periodically on what events are happening in the meetings and that Council give direction. The night bus service was discussed. The Town Attorney stated that a couple of weeks ago he had sent a resolution to Nick Marsh, Avon Center at Beaver Creek. He stated that he had called Nick Marsh and it was stated that the resolution was in the mail, as yet it has not been received. The Town Manager stated that the Town has received money from the restaurant owners, except Shogun, for the first payment that was due on the 15th of November. A.J. Wells authorized the night bus service subject to collection of all the monies due (so much due now, so much due later) and not before. -3- ! i The American Ski Classic was discussed. The Town Manager recommended that Council move to proceed to participate in the Silver Sponsorship and authorize expenditure of $8,500. Greg Gage stated that John Horan-Kates gave the Town a Sponsor Agreement. Mr. Horan-Kates is adding Mayor Allan Nottingham to the honorary committee and also is designating him the racer in the Jerry Ford Celebrity Cup. Don Buick moved to authorize the payment of $8,500 for the purpose of becoming a Silver Sponsor in the American Ski Classic. The motion was seconded by Sheila Davis and was unanimously carried. The building permit for the Peregrine Properties Limited (PPL) has been issued. They are anticipating construction to begin in the next few weeks. Greg Gage reported on the progress of the Marketing plan. He stated that as of today the Chamber of Commerce and the Town of Avon signed an Agreement with Nolan Rosell, Ramen, Cares, the marketing consultants, and will start immediately collecting data to come up with a plan to spend the marketing dollars wisely. Resolution No.#83-55, Series of 1983, the final hearing of the 1984 Budget/Revenue Sharing. The Mayor opened the meeting for public hearing. There being no one wishing to be heard, the Mayor closed the public hearing. Don Buick moved approval of Resolution No.#83-55 adopting the 1984 Town of Avon Budget. The motion was seconded by Sheila Davis and was unanimously carried. Norm Wood reported on the Log Cabin. He stated that the bids were opened yesterday and had received three bids, the low bidder was Norland Enterprises of which was $27,364 and completion time of 40 days. After discussion in the work session of that afternoon Mr. Wood stated that he had contacted all the bidders and requested a new bid with the price and with the completion time of January 20th, 1984 and bids be submitted December 14th at 3:30 p.m. and to award notice of contract. After discussion, Larry Kumpost moved to authorize the Mayor to execute the award of the contract to do the carpentry work and roofing work on the Log Cabin as described in the bid documents to the lowest bidder where the construction is to be completed no later than January -4- 20th so long as the bid that is awarded is no higher than the highest bid received to date. The motion was seconded by Don Buick and was unanimously carried. The Agreement between the Town of Avon and Benchmark at Beaver Creek for use of land for cross country skiing was deferred until the December 27th continued Council Meeting. The Town Attorney reported on Lots #20,21. He stated that an order was entered in District Court last week appointing Commissioner John Peoples. The Commissioner was ordered in 60 days to report to the court of what to do with Lots #20,21. The status of this matter is that the Town ownes approximately half of the interests in the two lots, the other half is still out with various people that cannot be located. Attorney Larry Kelly is representing 2-3 people on this matter. The Town Attorney's recommendation to the Commissioner that he recommend that the lots be sold at a public sale. Mr. Dunn anticipated the expense of the Commissioner would be approximately $300. The Commissioner has 60 days in which to act, then 30 days within which to file any objections of his report. It was stated that if the Lots go to public sale that the Town would bid on them. The Town manager reported on the North American Trophy Race Series. He stated that in the afternoon work session the Town Council addressed the offer to be the primary sponsor of the North American Trophy Series Race which is scheduled for February 5-12, 1984. The cost of the race would be approximately $40,000.00 Avon's participation would be $10,000. Discussion followed. A.J. Wells moved to authorize $10,000 from the marketing budget to be allocated for the "Town of Avon Ski Classic," two events which are, but not limited to, "The North American Trophy Series Race" and "Friends of the Town of Avon." The motion was seconded by Al Connell and was unanimously carried. Councilman Buick suggested to have the Marketing Consultants to come up with a better way to articulate the titles. Sheila Davis moved to authorize the Mayor to sign and enter into the Agreement between the Town of Avon and the Avon Metropolitan District regarding the Administrative Service. The motion was seconded by Don Buick and was unanimously carried. The Agreement would be presented before the Metro District for their approval at the December 21st meeting and would be in effect January 1, 1984. -5- Norm Wood reported on the proposed Town Map. After discussion the Council authorized Mr. Wood to proceed with finalizing the map and to turn it over to the Chamber of Commerce. Larry Kumpost suggested making a Mylar of the reduced size of the map and then could make a blue line of the maps as they are needed or sold. The Bus Advertising Program was next reported by Norm Wood. Mr. Wood stated that at the present time there are firm commitments on 15 of the 27 spaces available. In order to fill the spaces there has been an offer to participants in the program that if they have three spaces on the three Town buses, that a space would be included on the fourth bus. After discussion Larry Kumpost moved that those people that are paying to extend our bus service into the evening, be given free space for 3 signs for the advertising on the buses. Discussion followed. After discussion Councilman Kumpost modified his motion to provide at least one free space to each one of the participants and that the remaining spaces that we can give out up to 1 in every bus be attributed to the degree of participation. The Council discussed public service signs. The motion was seconded by Greg Gage and was unanimously carried. The Christmas activities, KVMT would be the co-host to begin at 6:00 p.m. to Al Connell moved to table February. The motion was carried. "The Icing on the Lake", were discussed. for the event. The activities are scheduled B:00 p.m. the White Annexation Parcel until sometime in seconded by Greg Gage and was unanimously The Town Manager stated that he had received a memorandum from Dick Evans that he wishes to announce his retirement as the Town of Avon's Building Administrator as of the first of the year. He stated that Mr. Evans would be available as a consultant next year and until the position can be.filled. He stated that the Town would be hard pressed to find a qualified person to fill the position. A.J. Wells suggested that the town consider thanking Dick Evans by some festivities, Resolution and plaque. The Financial Matters were next presented to the Council A.J. Wells moved to receive items #1 through #12. The motion was seconded by Don Buick and was unanimously carried. -6- Don Buick moved approval of the December 13, 1983. The motion unanimously carried. • General Fund Accounts Payable of was seconded by Larry Kumpost and was Larry Kumpost moved approval of the Lift Fund, Capital Projects Fund, Mall Construction Fund, Public Works Fund Accounts Payable of December 13, 1983. The motion was seconded by Al Connell and was unanimously carried. A.J. Wells moved approval of the Reconciliation Sheet of Accounts Payable of December 13, 1983. The motion was seconded by Don Buick and was unanimously carried. The minutes of the November 22, 1983 meeting was next Council. Don Buick moved approval of the November 22, minutes. The motion was seconded by Larry Kumpost and carried. The dog control was discussed. Councilman Connell stated that he was told that Eagle pickup dogs in Avon. The Chief of Police Bob Willcox County states that they cannot enforce Municipal Law. that the County stated that they had received a letter Avon written by Art Abplanalp telling them to stay out pickup dogs. presented to the 1983 meeting was unanimously County cannot stated that Eagle Al Connell said from the Town of of Avon to After discussion it was suggested to check this matter with the County, check with the Pound, and see if there was such a letter written by the Attorney and report back to the Council at the next regular meeting. The Mayor stated that the officers should ticket as many owners as they can being that there is an ordinance in effect. A.J. Wells requested that the Town Council minutes be given to the Planning and Zoning Commission for their review and information and that the Council receive minutes from the Planning and Zoning Commission on a timely basis. Don Buick moved that Al Connell attend the Elected Officials Training -7- Workshop which will be held January 14, 1984 and report back to the Council. The motion was seconded by A.J. Wells and was unanimously carried. Don Buick moved to continue this meeting until December 27, 1983. The motion was seconded by Al Connell and was unanimously carried. The Council recessed at 11:06 p.m. -8- MINUTES OF THE CONTINUED MEETING OF DECEMBER 13, 1983 - HELD DECEMBER 27, 1983 This was a continuation of the December 13, 1983 Council Meeting. The Meeting was called to order by Mayor Allan Nottingham at 7:46 p.m. A roll call was taken with Larry Kumpost, A.J. Wells, Al Connell and Don Buick present. Also present were: Town Attorney Art Abplanalp, Town Manager Richard D. Blodgett, Finance Director Bill James, Director of Public Works Norm Wood, Superintendent of Public Works Dan Sunday, Planning Director Jim Lamont as well as members of the press and public. Greg Gage and Sheila Davis were absent. The first item on the agenda was the Agreement between the Town of Avon and Benchmark at Beaver Creek in relation to the use of land for cross country skiing. The Town Manager stated that this was a request for permission for the Recreation Department of the Town to use the Buck Creek access that belongs to Benchmark Company for a cross country ski program. The Agreement has been reviewed and worked out satisfactorily between the two parties involved. Don Buick moved to authorize the Mayor Pro-Tem to enter into the Agreement between the Town of Avon and Benchmark at Beaver Creek. The motion was seconded by Al Connell and was carried with Allan Nottingham and A.J. Wells abstaining. John Horan-Kates, President of the Vail Foundation, approached the Council. He reported on the North American Ski Race. He stated that after several meetings with Greg Gage and Dick Blodgett and others, he had drafted a letter dated December 23, 1983, for Council's review. They have agreed to name the overall event "The Avon Town Cup." He stated that the letter outlines the benefits as previously talked about and communicated verbally and in writing. The letter covers the way the event would be managed and operated. The Town of Avon, in its roll as sponsor, would not be obligated to operate the event or to assume any financial obligation beyond the sponsorship fee as outlined. He stated that the Vail Foundation retains the exclusive marketing and licensing rights for the Avon Town Cup which includes television, publication, merchandising rights and event logo, when designated, and would be owned by the Vail Foundation. The price for the sponsorship fee for 1984 would be $10,000 with an additional maximum commitment of $5,000 if needed, in the form of 2 gold sponsorships. If all 8 sponsorships are sold, Avon would have no commitment beyond the base fee. The schedule would be from Monday, February 6 through Saturday, February 11, 1984. After discussion Don Buick moved to authorize the Mayor to sign the letter dated December 23, 1983. The motion was seconded by Al Connell -9- E and was unanimously carried. 40 Resolution No.#83-57, Series of 1983. SETTING FORTH THE TOWN OF AVON'S INTENT TO ISSUE INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE THE COLORADO RESORT PROPERTIES PROJECT. Be it noted that Allan Nottingham and A.J. Wells abstained from dis- cussion because of conflict of interest. Don Buick moved to appoint Al Connell as acting Mayor Pro-Tem. The motion was seconded by Larry Kumpost and was unanimously carried. George Rosenberg representing Buck Creek SA which is the record owner of the property approached the Council. He stated that Mr. Rod Brown of Colorado Resort Properties was the applicant for the Inducement Resolution that was before the Council for discussion. Mr. Rosenberg stated that this involves the Real Property of Lot#1, Block #1, Wildwood Subdivision. He stated that the proposition is to build a Holiday Inn Hotel on the site. The land owner was before Council some time ago to rezone and replat the Buck Creek Valley. Lot#1 was the hotel site, Lot#2 was the athletic facility and Lot #3 was going to be a condominium project for approximately 50 units. Mr. Brown was requesting to purchase Lot#1 to construct a Holiday Inn on the land which would have 150 units. The developers would not need as much land as a possible 200 unit hotel. He stated after the Inducement Resolution is adopted the owner of the land and the developer would proceed to re- zone and replat the area. The additional units would be moved up to Lot#3. The uses would not change. Mr. Brown's group would like to obtain financing by means of an Industrial Development Bond Issue. Mr. Rosenberg requested that Council review the resolution to see if there were any problems and then, hopefully, continue the meeting with respect of this application to Friday, December 30, 1983. He stated the urgency of this application was that there has been a move from certian members of the Congress to do away with the IDB's. He stated that they were not ready for final action at this evening's meeting. Art Abplanalp stated he felt that this could be handled by adding a condition in the Inducement Resolution that the present owners agreement be submitted to the Council and whatever the present owner is comfortable with. He stated he had a number of changes in the resolution and by adding somethings that would conform with their requirements would save the Council returning on Friday for a continued meeting. Lengthy discussion followed. The Council recessed for five minutes by the request of Mr. Rosenberg to confer with Mr. Brown. After Council reconvened, it still was requested that the Council continue the meeting until the landowners and the developer had a signed contract. Discussion followed. The Council agreed they would prefer to continue this meeting in regards to this application. Larry Kumpost moved to continue the meeting until Friday, December 30 at 7:30 p.m. The motion was seconded by Don Buick and was carried with -10- Allan Nottingham and A.J. Wells abstaining. Resolution No.#83-56, Series of 1983, A RESOLUTION APPROVING A SPECIAL REVIEW USE FOR COMMERCIAL OFFICES ON LOT #37, BLOCK #1, TRACT A, BENCHMARK SUBDIVISION. Jim Lamont, Planning Director, stated that Heritage Cablevision has requested a Special Review Use (SRU) for general offices and warehousing within an Industrial Commercial Zone District. The proposed uses appear to be consistent with the Industrial/Commercial Zone District. He stated because this is a multiple use site, he had conducted a parking analysis for the entire site. The Planning Department has received a letter from the property owners stating that the proposed parking plan meets with their needs. He also had received a letter from Heritage Cablevision that some of their field personnel would be taking home some of the company vehicles, so that would relieve some of the parking. There would be 3 additional parking spaces on their Satelite Dish Site. They would have a total of 27 parking spaces. The Planning and Zoning Commission recommended approval of the request subject to the parking on the site being observed for a period of 2 months prior to final acceptance of the parking plan. Larry Kumpost moved approval of Resolution No.#83-56 Special Review Use for commercial offices on Lot #37, Block #1, Benchmark Subdivision with the condition and to authorize the Mayor Pro-Tem to sign the resolution. The motion was seconded by Don Buick and was carried with Allan Nottingham and A.J. Wells abstaining. The Mayor then resumed his seat. The Financial Matters were next presented to the Council. Al Connell moved to receive items #1 through #3. The motion was seconded by Larry Kumpost and was unanimously carried. Don Buick moved approval of the General Accounts Payable of December 27, 1983. The motion was seconded by Al Connell and was unanimously carried. Don Buick moved approval of the Transit Fund, Lift Fund, Public Works Fund of Accounts Payable of December 27, 1983. The motion was seconded by Al Connell and was unanimously carried. -11- 0 • Al Connell moved to continue this meeting until Friday, December 30, 1983 at 7:30 p.m. The motion was seconded by Larry Kumpost and was unanimously carried. The Council recessed at 9:14 p.m. -12- 1 J MINUTES OF THE CONTINUED MEETING OF DECEMBER 13, 1983- HELD DECEMBER 30, 1983 This was a continuation of the December 13, 1983 Council Meeting. The meeting was called to order by Mayor Pro-Tem Sheila Davis at 8:00 p.m. A roll call was taken with Larry Kumpost, A.J. Wells, Al Connell and Don Buick. Also present were: Town Attorney John Dunn, Town Manager Richard D. Blodgett, Finance Director Bill James, Planning Director Jim Lamont as well as members of the press and public. Mayor Allan Nottingham and Greg Gage were absent. The first item on the agenda was the Resolution No.#83-57, Series of 1983. THE INDUCEMENT RESOLUTION TO ISSUE INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE THE COLORADO RESORT PROPERTIES PROJECT. Be it noted that A.J. Wells stepped down because of conflict of interest. Mr. Rod Brown approached the Council. He reviewed the site of the project with the Council. He stated that they are still working out the purchase of the land. He stated that he had submitted the papers for the Franchise from Edwards to Avon. The approval was granted about a week and a half ago. He stated that any owner of any other existing Holiday Inn has a right within a week to have the franchise reviewed. He stated the owner of the other Holiday Inn in the area has filed and stated they wanted somebody higher up to go back and review the situation. Mr. Brown stated he thought everything was ready to go, but this situation came up and will be delayed for another two weeks. The Town Attorney stated that there had been a lawyer/client relationship between Alan Marsh and himself, but did not consider it a conflict in as much as he was not retained by Mr. Marsh. Discussion followed. It was agreed to add some language in Section 1 to read, "on the site described in Exhibit A and attached hereto". Councilman Buick stated that the developer does not have a contract, franchise or a letter of credit, that the resolution could be appealed within 90-180 days. Councilman Kumpost stated that the obligation would be on the developer to give the Council a monthly progress report and then the Council's obligation would be to send a certified letter that the project has not been progressing and that the developer would have 30 days to respond, otherwise the Inducement Resolution would be subject to being revoked. Discussion followed. Larry Kumpost moved to add a new Section to Resolution #83-57, Section 10 should read, "This Resolution shall take effect immediately upon its introduction and passage. It is, however, the desire of the Town that the Partnership diligently pursue the timely issuance of the Bonds, so that the Town may reconsider and repeal this resolution, if upon review, the Partnership is determined to be not proceeding in a -13- 0 0 diligent and timely fashion." After discussion Larry Kumpost moved to amend his motion to amend Section 10 to add the language that was read into the record and also to amend Section 1 to specify the location of the project "on the site described on Exhibit A and attached hereto". The motion was seconded by Al Connell. The Town Attorney stated that there was also an amendment to Section 7. the following language had been requested by the Partnership, "Furthermore the Partnership may add and/or delete partner(s) with the consent of the Town, which consent shall be based upon the review and acceptance by the Town of financial data on the revised Partnership group". Larry Kumpost amended his motion to include the amended Section 7 as it was read into the record. The amended motion was seconded by Al Connell and was carried with A.J. Wells abstaining. It was suggested that the Mayor Pro-Tem sign the resolution. It was stated that Bond Counsel would make the revisions in the resolution and then return the resolution by next week, that a copy be sent to the Town Attorney for review. Larry Kumpost moved to adopt Resolution #83-57, Series of 1983 as amended. The motion was seconded by Al Connell and was carried with A.J. Wells abstaining. Bill James stated that there had been two requests submitted for an Inducement Resolution that afternoon. One was for CAW Brothers, Inc., which has been withdrawn. The other one, which would be applicable, was Prime Time Properties, Ltd. Be it noted that Al Connell stepped down because of conflict of interest. Clint Watkins approached the Council. He stated that the application was with regard to the property in the Town which Mr. Connell and Mr. Watkins are in the process of acquiring from the Forest Service through the trade. (A copy of intent to exchange was included in the Councils packet). The property is south of Wildridge. He stated their plans to develop it would be residential in the upper part and the lower part of the Forest Service Land would be developed for light manufacturing Center. He stated the amount of the Bond they were requesting was reduced to $15,000,000. Mr. Watkins stated that 160 acres out of a total of 440 acres would be developed and the rest of the land would be donated to the Town as open space. Mr. Watkins stated that they are intending as part of the Bond to build a structure, that could be leased, that houses industry. He stated that they have a verbal agreement for access to this property. Stan Bernstein, Financial Consultant, approached the Council. He stated that as a financial review, he has no way to determine whether the revenues from the project can retire $15,000,000. Discussion followed. Larry Kumpost moved to modify Resolution No.#83-58, Series of 1983. Section 10 to read, "Provided the Company shall within 90 days submit evidence in compliance with Resolution #81-8. If such evidence is determined not to be in compliance with said Resolution or if such -14- 0 0 evidence causes the Town to reconsider its desire to indicate its intent, this Resolution may be repealed". The motion was seconded by Don Buick. Discussion followed. Councilman Wells stated that the Council was not commiting to any development on that land necessarily. It was stated that $10,000,000 would be for development and the other $5,000,000 was for exempt facilities. There being no further discussion, the motion was carried with Al Connell abstaining. Larry Kumpost moved to adopt Resolution No.#83-58, Series of 1983. The motion was seconded by Don Buick and was carried with Al Connell abstaining. The Town Manager reported on the Nor-Am Race, "The Avon Town Cup". He stated that as to date, there were 4 Gold Sponsors. He stated that there were a couple of changes in the schedule. February 10 would be the Town of Avon Reception and Sunday, February 12th would be the Mayors Team Challenge Race. The Avon Town Cup is a week long event. There being no further business Al Connell moved to adjourn. The motion was seconded by A.J. Wells. The meeting was adjourned by Mayor Pro-Tem at 9:27 p.m. P~fully Submitte Town Clerk _ -15- • ~ .;a`~~