Discuss and consider action regarding Acknowledgment and Consent to Sale and Assignment of Reimbursements in connection to that certain Purchase, Sale and Assignment Agreement between Lakeside Meadows LLC and Orix Public Finance LLC related to the Lakeside Meadows Public Improvement District Project and approval of other documents in connection therewith.

Staff Report & Agenda Item Details

Mayor Weiss opened items 6A., 6B., 6C., 6D., 6E., and 6F. Ms. Waldron reviewed the history of Lakeside Meadows items and provided an overview. Mr. Coffman asked why the city wants to take over the pedestrian bridge project. Mr. Rector provided information. Discussion followed. Ms. Barron provided information about the history of discussions and intent of taking over the bridge project. Mayor Weiss stated council was retiring to executive session at 8:18pm. Mayor Weiss reconvened the meeting in open session at 8:27pm. Mr. Metayer moved to approve the item. Mr. Rogers seconded the motion. All voted in favor. The motion carried.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).