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Sessic~ 1596, Minutes Page 3 June 21, 1993 LOOP SPECIAL BUSINESS Dlb-LKICT - 1992-93 Ab~FdAL RER~8~ AND 1993-94 Tb~ City Manager re~:-~_nded that the City Council approve the 1992-93 Annual Re~ort and the 1993-94 Budget of $36,804 for the University City I3Dcp Special Business District. The City Manager rec~L~ a~ of budget trmlsfers fLum accounts with more murky than needed to those that will be overspent at the end of the fis- reflect ac~ml receipts during the fiscal year. ~he end reealt is a general fund balance of about $1 milliota, while $1.2 millic~l is rec~a,.,~nded in order to meet short term cash flow needs of the City. He said the financial situa- tic~ will cc~tinue to be monitored, and appL~priate actic~ rec~L~er~_~d during the next fiscal year. RECONSIDERAT/ON OF PlAT SUBDM SION - WES~MD~ELAND ERIVE ~he City Manager reoam,ealded reoDr~ideraticm and approval of the proposed re- subdivision1 of the ~t 50 feet of Lot 11, all Of Lots 12 and 13, and the west 40 feet of Lot 14 of Block 9, Maryland Terrace Subdivision. Since the last Council review of this matter, j~cial __a~c~_isic~s in similar cases indi- cate that approval n~st be given. ~le Planning Department suggests the last plat subEit~a is the best and therefore the ~ that shculd be authorized. Mrs. Scb~m~n said it was unfortunate when Plan C~issic~s or City Councils do not have dL~=retioPary authority in approving or dL~-~proving this kind of subdivision in their own o ..... mities. Wagner agreed and said be hoped the ordinances controlling zoning resub- divisic~s will be revised quickly to prDvide more p~u~u~wcion for es~hlisbM Mr. ~a~m~ concurred, suggesting the subdivision of this p~uerty in the way it was done is a travesty to the neighbore, with the esthetics of tba c~L~n- ity not being taken into consideration at all. Mayor Majerus a~ed with these c~,.Lents, ~ng that the courts do not seen to look at preservation and maintenance of neighborhoods. the motion, and all voted Aye ex~ Ccu~cilmembers ~a~m~, Wagner and Mayor Majerus. Mr. Price then moved approval of the resubdivision of the subject property,