Special Board of Aldermen 08-23-2021 Page 3
Tim Cummings, Economic Development Director
I’m not sure | understand the question.
Alderwoman Lu
All right. I'll rephrase if | could.
Chairman Dowd
Yes go ahead.
Alderwoman Lu
Was my understanding that at some point in the intention of the master development agreement that the
Renaissance development group — | know it’s not called that — were agreed to contribute toward the
recreational facility. Have | got that right?
Tim Cummings, Economic Development Director
| believe they were supposed to provide one on site.
Alderwoman Lu
Did we waive that at any point or did that remain part of the agreement?
Tim Cummings, Economic Development Director
We gave them the ability to develop the land without having to provide that on site with the understanding
that the monies that came from the purchase would be used towards a recreational purpose.
Alderwoman Lu
Okay. So this is essentially wnat we had planned?
Tim Cummings, Economic Development Director
Yes. Correct.
Alderwoman Lu
Thank you.
Chairman Dowd
Any other questions?
TESTIMONY IN FAVOR- None
TESTIMONY IN OPPOSITION
Fred Teeboom
First of all, | sent the Budget Committee a letter that you should have on your desks or in an e-mail that points
out that there is now a spending cap in place. (no audio)
