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2 rows where "date" is on date 2016-03-01 and page = 4
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CityCouncil/2016-03-01.pdf,4 | CityCouncil | 2016-03-01 | 4 | The Community Development Director responded in the affirmative; stated the prime rate plus 1% is a formula based on the standard business interest rate for renovation loans. In response to Councilmember Daysog's inquiry, the Community Development Director stated the owner of 470 Central Avenue stated his interest rate for his balloon loan is 10%; the proposed formula prevents rewarding business decisions that do not make sense to the tenants; a bank that offers commercial construction loans as a routine part of doing business would have a good interest rate; she does not want to encourage high interest rates that would drive up rent. Councilmember Daysog inquired whether staff sensed that a landlord seeking renovations in the millions of dollars will go after a higher interest rate. The Community Development Director responded in the negative; stated that it could happen, which was the case for 470 Central Avenue; the owner had a proposal to evict all tenants to do substantial rehabilitation which included a doubling of rents due to the financing he had arranged; the financing structure the owner obtained to undertake substantial rehabilitation was not appropriate; staff was looking for standard business procedures. Councilmember Daysog stated the language should be re-written to capture various possibilities. Councilmember Oddie stated there are one-off circumstances; there should be some mediation if the tenant would like to return; issues should not be resolved at a public hearing or by the RRAC; having a trial or pilot program is a good opportunity, especially if a tenant wants to return; there are a lot of combinations to deal with in the interim period. The Community Development Director inquired whether Councilmember Oddie is proposing a mediator who could handle the CIP and mediate temporary relocation, to which Councilmember Oddie responded in the affirmative; stated having a mediator would give Council the opportunity to mediate evictions on a trial basis. Mayor Spencer stated the use of the word "land… | CityCouncil/2016-03-01.pdf |
GolfCommission/2016-03-01.pdf,4 | GolfCommission | 2016-03-01 | 4 | Ms. Wooldridge responded to the common area maintenance, stating there is a third party agreement between Greenway and Jim's on the Course, and was originally part of the City's agreement, but was pulled by the City's attorneys stating that the City could not be responsible for an agreement between two other entities. Tom Geanekos stated that there has been a positive relationship with Greenway, but also expressed his concerns for working not having a lease and working on a month to month basis. He feels that in the last 10 years, that he has shown good faith, and asked the Golf Commission not to put him in the position of operating without a lease. Discussion ensued regarding the conceptual drawings presented at the July Golf Commission meeting, as they are not the same as the proposed drawings in the current agreement, and it was discussed that in July, those were similar concepts, not the final concept. Chair Blatt felt that a five year renewal would work to give Jim's security, and also, by then the golf course renovations would be complete, and then they would know what would be needed. Greenway responded that they would just like 60 days to work these issues out. Commissioner Downing feels that the agreement is vague and is not in favor of moving forward. Commissioner Carlson feels that Jim's should have some assurances, and possibly add some addendums to the agreement. Commissioner Saxton understands both sides, but suggests taking 60 days, to solve the issues in question. Commissioner Downing moved that the Golf Commission recommend to the City Council that they negotiate a six month lease extension of the current agreement with Jim's, and facilitate between the interested to decide the best course of action in that six month time period. The motion failed. Discussion ensued as to how much time would be needed to work out the issues in questions. Jim's would like the contract approved tonight and Greenway would like 60 days to work on these items. Commissioner Downing moved that the Golf Commission recomm… | GolfCommission/2016-03-01.pdf |
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CREATE TABLE "pages" ( [body] TEXT, [date] TEXT, [page] INTEGER, [text] TEXT, [path] TEXT, PRIMARY KEY ([path], [page]) );