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141 <br /> The ordinance wa� appr�veu i�or fi.rst reading 1�y <br /> ma�orit� voice vote . Mayor �ie�mouth requested tha:t <br /> one "No ' vote be rPCOrd�d. <br /> Zn respo�s� to request of �r�un�ilman Leipz�g �'or an <br /> ,�, explanatton of the negativ� vote, Coun�ilma,n Rhodes <br /> star�d that his motions tr� delet�� item� fram tt�e <br /> �,, Budget with a view towa�c� �uoidi�s� an increase i.n <br /> the tax rate failed for lack of second�, and he <br /> opposes the increase . <br /> Comment followec€ cor�cerr�ir�.�; uhfa; c�*r�n� in�'lationary <br /> situ�tion and the neces�ity for tYae City tfl provide <br /> certain services and keep up with th� �c�nnomy. <br /> Agreements - Mobil Oil Estat�� (Redwood) Limited <br /> City Manager Fales referr�d to his r�po.rt of June 6, <br /> 1974 regardin� the subject a.greements. Mr. Fales <br /> also referred to his previous reports of July 20 and <br /> October 31, 1973 relating to the variou� proposals <br /> made by Mobil Oil Estates, Limited in April 1973 and <br /> stated that the June 6 report should be regarded as <br /> p�rt of a complete repert including tl�e others and <br /> ranging from a general avprview of th� proposals to <br /> the specific sub�ect a�.re�ments. <br /> Mr. Fa1es and City Attorney Sck�ri�:ker r��ponded to <br /> questions concerning recommended revisions in the <br /> '�"'" proposed agreements cont�.:I.r�ed in the memorandum of <br /> June 17 of the City At;tc�rnay tr� th�; City Manager. <br /> �rwr Mr. Sc:hricker stated tha�; the ad�iti�nn c>� "�o be <br /> selected by District" in para�;raph 1 a�' t�e "A�reement <br /> Providin� for Certain Publ�c Impravemen�s" provi.des <br /> flexibility whic� may be n�c�ssar,�. Mr. » ��r�3�es adt�ised <br /> that the second sug�ested re��ision prov;.d�� that ir� <br /> the event of unforeseen c��la.y in consta^uc�tic,r�, the <br /> period of the d�lay wa.11 �� acide�l to t�x� ,�u:Ly 1, �.9?�6 <br /> date when any residual af th�: 1.�3 mi11.�1�r� dc�l:l.ar <br /> settlement taill be paic� in c�.sh, if arr�n�;err=er�ts �n�v� <br /> been made for a new bor�l �a1e . �y beir�� at�1e to �dr� <br /> � any del�y period to tha�; c��.te,� th� Di�tri.+:�t �vo�a�.d <br /> avoi�3 tY�e dang�r of �.os in� any c�#' the :!� ,�S m i�1 i�r7 <br /> dollar s�;ttl.ement. <br /> Discussian followed conc�:rryin� t�ae �rr�c��aryt c��' c���r���,ruc:- <br /> tian required to perm3.t i:�suanee c�f' fc>�,r r���l :i�c�n <br /> dollars of bonds. <br /> �ames Kue'�elbeck, Wi.Zljar:��, Kuebelbeck �c �`es���ciat;�s, <br /> a v s� t iat p anneci Lana trtac tion shou:l d b� �.�r� ���an <br /> adequate for up to 5. � mill:i�n dollars �� �r�,�r�ds, r�c�t <br /> including the prr�posed shoppfng cer�ter. . !°�ir. Kuebelbeck <br /> � advised that c�n��ru�ti�n would tnv���ve ��0 units and <br /> some accompanyiYl� c�om��er��i��l �eve�.�pm�r�t. In re�gonse <br /> � to question, he �tate� Yz� could not an��ic�.�aate the <br /> inte�est rat� on tta� b�n�s . <br /> In response to questicn:� c�x:c:erri�.n� tY�e ��,x�, locati+�n, <br /> design and elevatior� o�' th� wa�er .�t�r��e 1'aeil�.ty, <br /> ��,�_ <br /> Ad;� .H� .Mt�. <br /> �/�?/?� <br />