RM 11-05-76 - Laserfiche WebLink

Home Browse Search

8. REdIGNATION OF MS. HELEN S. KINC, (CONT) "Helen, we regret having you leave - we probably have the best set of minutes of any board or commission in the city. I think the only se for member who ranks you is Don (Wiggins) and I think it ought to be noted that although the Federal government is usually best known for its voluminous reports and such - more important is the kind of things that people do ... the things that this Commission has been doing and is doing - and they must depend on the staff for many things. We have been very fortunate that we have had people who have done their jot and more. I suppose in the rush of things we do not take as much time as we should to express our appreciation for a job well done. Certainly that is reflected in the kind of activities that go on here. We probably have the best minutes anywhere around and this is due to Helen's concern. She has gone beyond the usual sort of thing to study and prepare herself for this work. A large 'thank you' fr m me personally and certainly from the rest of the Commission. I sked Wayne to bake a cake - did you get that done Wayne ?" Mr. Brownell: "Yes, we did... ". Mr. Nimtz: "All the people thank you "....now can I take you back to Item 3, what was the work that the legal firm of Borge & Pitt did ?" Mr. Brownell explained that for some months, we had been negotiating with the Mayor and Mike Carmichael and the 2000 Corporation - you will recall that we had some legislation to be passed, a bill to allow cities to do certain things in financing. In our discussions with the bond attorneys, they had questions about certain paragraphs of that bill, whether our city could do what we wanted to do in regard to financing. Then Mr. Butler said that briefly, specifically, the legislation re erred to is the increment tax legislation. This firm in Chicago ha had a great deal of experience with this type of financing in other st tes. The Ice, Miller, Donadio & Ryan firm is not familiar with it. Peter Donaldson asked how many hours of work were involved in this. Mr. Butler indicated that he did not know but there were many, many hours - two meetings in Chicago and Borge and his associates did F, considerable work on this matter. The legislation was submitted in September to the Legislative Counsel. Ms. Derbeck asked if it was possible that this is something that will never be used. It was pointed out by Mr. Brownell that if Sears does no "go" then we need to be in a position to move further. Mr. Nimtz indicated that who ever is handling the bill - it's purely a techni- cality, it is required by the bond attorneys and it has been his experience that it will pass - there will be no difficulty. 9. NEXT MEETING ThE wil off next regularly scheduled meeting of the Redevelopment Commission be Friday, November 19, 1976, at 10:00 A.M.,E.S.T., in the ces of the Department of Redevelopment. - 7 - NEXT COMM. MEETING 11 -19 -76