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City staff lists up to $5 million in IRBs for acquisition and remodeling of 40,000-square-foot warehouse; details still pending
Summary
Agenda materials for May 6 included a request to approve up to $5,000,000 in industrial revenue bonds (IRBs) for acquisition and remodeling of a 40,000-square-foot warehouse. Staff said details remain unresolved and the item may be opened and continued to May 20 (or considered May 13).
City staff placed on the agenda a request for up to $5,000,000 in industrial revenue bonds to acquire and remodel a 40,000-square-foot warehouse. During the May 6 agenda review staff said some details were still outstanding and the council might be asked to open the public hearing and continue the item to a future meeting.
A staff presenter said the proposal involved acquisition and remodeling of a 40,000-square-foot warehouse and that they were “still working on some details,” noting the item could be continued to May 20. The agenda cover recommended the May 13 meeting for action, but staff acknowledged the need to resolve outstanding issues before final consideration.
The transcript records the agenda presentation and the staff comment that additional detail is needed; no formal motion or recorded council vote appears in the transcript.
