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Session 1760 <br />June 21, 1999 <br /> <br />does not approve the project, then it will be a sign that University City will be resigned to <br />no progress without new tax dollars or improvements. He is in favor of the project. <br /> <br />Joan Botwinick, 5] 1 Westview, stated that she was here to support the needs of the <br />people in this area. She lives a good deal away, but she is worried about the same type of <br />impact in her neighborhood. The comprehensive plan says that we want to preserve <br />neighborhood character. This new massive structure will destroy the character of this <br />neighborhood. She is opposed to this project. <br /> <br />Lois Sterbenz, 7000 Cornell, said that she does not live anywhere near this site, but she <br />does not understand why these monstrous buildings are being put at this location. At a <br />plan commission meeting she attended earlier in the year, a commission member <br />mentioned that she was for affordable housing for all. Ms. Sterbenz was surprised when <br />she found out that the Manlin project was starting out at $450,000. There are other <br />places where these buildings could be built. She is opposed to the project. <br /> <br />Mayor Adams declared the public hearing closed at 8:20 p.m. <br /> <br />Mr. Ollendorff said that the next action that will be taken on this matter is the introduction <br />of the bill for rezoning this property, which would occur this evening. The earliest that a <br />vote on passing the bill could take place would be at the next meeting on July 26, 1999. <br /> <br />AGENDA #4 - LOQP SPECIAL BUSINESS DISTRICT ANNUAL REPORT AND BUDGET: <br /> <br />Mr. Ollendorff recommends acceptance of the University City Loop Special Business District <br />Annual Report for 1998-99, development plan, and proposed annual operating budget for <br />fiscal year beginning July 1, 1999. The Annual Report includes a summary of the various <br />activities which occurred in the Loop throughout the year, a development plan, and a <br />proposed operating budget for fiscal year 1999-00. Although the proposed operating <br />budget reflects total projected revenues at $63,700 and expenses at $71,400, l am <br />recommending its acceptance because of the healthy fund balance and many of the capital <br />improvements could be postponed should actual revenues be lower than what is projected. <br />Expenditures appropriated in next fiscal year's proposed budget include $1000 for auditing <br />the fund, $3000 for the parking garage debt, $10,000 for the outdoor electricity, and <br />$1200 for Saturday trash pick up. Both the proposed 1999-00 annual operating budget <br />and the development plan indicate that the Loop Special Business District's priority is to <br />continue to have the Loop as a safe and fun place to patronize. <br /> <br />Mr. Lieberman moved approval. Mr. Sharpe seconded the motion, which carried <br />unanimously. <br /> <br />8 <br /> <br /> <br />