Board Of Aldermen

Board of Aldermen 10-13-2020 Page 35
Bolton?

President Wilshire

So your motion would be to put this on a ballot?

Alderman Klee

That’s correct. Is it appropriate for me to do that now?

President Wilshire

Yes.

MOTION BY ALDERMAN KLEE TO PUT R-20-077 AS AMENDED ON THE BALLOT, BY ROLL CALL
ON THE QUESTION

Alderman Laws

Point of order. What is the date of the next election that this could actually be on the ballot for?
Alderman Klee

| think its November 2021. Is that correct Attorney Bolton?

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Alderman Clemons

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MOTION CARRIED

MOTION BY ALDERWOMAN KELLY FOR FINAL PASSAGE OF R-20-077 AS AMENDED, BY ROLL
CALL

ON THE QUESTION
President Wilshire

The Motion is for final passage as amended; discussion on that motion?

Alderman Lopez

She can talk first, this is her motion.

Alderwoman Kelly

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MOTION BY ALDERMAN HARRIOTT-GATHRIGHT FOR FINAL PASSAGE OF R-20-076, BY ROLL
CALL

A viva voce roll call was taken which resulted as follows:

Yea: Alderman O’Brien, Alderman Klee, Alderwoman Kelly, Alderman Dowd,
Alderman Caron, Alderman Clemons, Alderman Lopez, Alderman Tencza,
Alderwoman Lu, Alderman Jette, Alderman Schmidt, Alderman Laws,

Alderman Cleaver, Alderwoman Harriott-Gathright, Alderman Wilshire 15

Nay: 0
MOTION CARRIED

Resolution R-20-076 declared duly adopted.

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able to regain the momentum and the inertia that having such a draw and such an attraction brings to the
traffic downtown.

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President Wilshire

Alderman Lopez.

Alderman Lopez

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underneath the apartment building, 50 spaces at a cost of $2.5 million dollars. So the deal that the
developer originally proposed where he would pay us a net of $800,000.00 is now turned into a deal where
we are going to pay $2.5 million to build this garage plus $100,000.00 in infrastructure improvements in
exchange for getting $900,000.00. So the net that | see is selling this building to this developer is going to
cost us, instead of getting money, we are going it’s going to cost us $1.75 million dollars.

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President Wilshire

| don’t know...

Alderman Lopez

| think you were at that meeting.

Alderwoman Lu

Pardon me?

President Wilshire

December 15" is the date we have to close for the New Market Tax Credits or we won’t get them this time
around.

Alderwoman Lu

Great, thank you.

Alderman Dowd

Also, Director Cummings is on if you’d like to get some input from him, President Wilshire.
President Wilshire