City staff presented a first amendment to a lease with Arcus Restaurant Group LLC for property at 13351 Western Avenue and described the amendment as changing the financial-structure language to reflect landlord work performed and reimbursement through tenant payments. Matt Welch, who identified himself during the discussion, said the amendment "reflects what has occurred" and that prior council authority had covered some roof and window work.

Administration said the total project budget was roughly $2.3 million and that the city's TIF commitment to the project totaled $1.5 million; staff said the council had authorized roughly $605,000 to date and that an estimated $895,000 remained subject to future authorization. Officials said the city had undertaken some work itself after the tenant (Arcus) failed to provide a surety or performance bond.

Council members questioned whether the absence of a performance bond increased the city's risk when the city had already fronted some work, and how leasehold taxes and TIF deposits would affect project reimbursements over time. One council member said they would vote in favor but expressed ongoing "concerns and reservations" about the restaurant's financial position.

The transcript captures discussion of the amendment and staff's explanation but does not contain a clear final roll-call vote on the lease amendment within the provided segments. Administration said it would continue work on lease language and hoped to finalize the related retail leases in December or January.