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HomeMy WebLinkAbout02/01/1999 FINANCE COMMITTEE February 1, 1999 5:00 p.m. Council Chambers Members present: Chairperson Jordan, Krizek, Getty. Moved by Getty, seconded by Krizek that the Agenda, as proposed, be approved. Ayes: Three. Motion carried. Moved by Getty, seconded by Krizek that the Minutes of January 25, 1999, as proposed, be approved. Ayes: Three. Motion carried. Moved by Getty, seconded by Jordan that an agreement with National Trust's Heritage Property Services to evaluate the rehabilitation of the Public Market be approved. Prior to a vote on the above motion, the following comments were heard. Don Temeyer, City Planner, reported that Main Street Waterloo and Silos and Smokestacks are willing to participate. The cost for the city would be $4,300.00. The services provides by National Trust's Heritage Property include: review and analyze the Sycamore Street Market New Action Plan to determine the economic viability of Phase I of Sycamore Market (the Public Market) as a stand-alone entity; perform market and economic feasibility analysis of Phase II (the Special Events Market) and Phase III (The Market Plaza). Based on the findings and recommendations of the above studies, develop, if necessary, alternative adaptive reuse strategies for Sycamore Market to insure its completion in a manner which achieves its highest market and economic potential. Community Partners will prepare a final report. The proposed cost for the services is $13,050.00, of which the city would be responsible for $4,300.00, Main Street Waterloo would pay $2,350.00, Silos & Smokestacks would pay $2,350.00 and $4,000.00 would be an in-kind contribution by Heritage Property Services, Councilperson Jordan questioned if the funds that have been awarded for the Public Market are being accounted for. Councilperson Jordan asked why the city has to be involved in providing this service for the public market, and it seems like they are always asking the city to contribute more money. Councilperson Murphy stated he has concerns with having the market and band shell at this location because of the railroad tracks and the number of times per day a train crosses the tracks at this area. Councilperson Getty stated that he does not feel he has enough information on the proposal to make a decision. Councilperson Krizek stated that the architect is looking at the building location and its proximity to the railroad tracks. Councilperson Krizek stated that the evaluation will give us new strategies, and that we have already put a lot of money into the building. Councilperson Anders stated that $4,300.00 will give the city answers as to whether we should go forward with this project. Councilperson Anders stated that he feels the public market is a benefit for the community. Councilperson Getty asked what will the consultant tell us that we don't already know. The city does not have the money to do all the things that have been suggested. Councilperson Jordan stated that the $4,300.00 is not the issue, but they keep coming back for more and more funding. Councilperson Jordan stated that he does not support approving the agreement, but he is willing to forward it to the full council for their review. Councilperson Getty stated that he will not support the agreement tonight or even if it is placed on the council agenda. 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