CC Minutes 11/08/2005 - Laserfiche WebLink

Home Browse Search

CASSELBERRY CITY COMMISSION Minutes and Verbatim Transcript of November 8, 2005 Workshop Page 5 ofl7 29 MAYOR GOFF: A little closer to you, 30 CITY MANAGER STAMPFLER: Can you hear me now? 31 MAYOR GOFF: Okay. 32 CITY MANAGER ST AMPFLER: I was just saying that Mr, Stainback from SPPRE will be able to brief 33 the Council just briefly on what we have discovered and what we're recommending for this evening, 34 JOHN STAINBACK: ...(INAUDIBLE)... 35 MAYOR GOFF: Okay. Why doesn't he have a mike? Okay. We didn't expect you to sit over in the 36 corner. That's probably it. Would you; you need to sit at the table in order to look at your notes? 37 JOHN STAINBACK: Yes, sir. That would be nice. Yes. 38 MAYOR GOFF: Okay. If you'll turn that microphone and bring it a little closer, we'd appreciate it. 39 JOHN STAINBACK: Alright. Does that help? 40 MAYOR GOFF: Ah. That does wonders. Its all your's, 41 JOHN STAINBACK: We have, SPPRE has performed a very comprehensive analysis of the Unicorp 42 proforma as well as our own total development budget for both the City Center project as well as the Civic 43 Center building, and it appears that there's; one of the conclusions is it appears that Unicorp could possibly 44 increase their proposed purchase price, which is the good news. The bad news tonight, or not the bad news, 45 but the, but the overwhelming conclusion is that there's more questions ofUnicorp than there are answers 46 at this point and we have strongly advised the City to not use tonight's workshop as a forum to discuss those 47 points, but for SPPRE to meet with Unicorp in a face-to-face meeting and work out all the issues and get 48 clarification from Unicorp, as well as more detailed input. So, we, we really feel thatthat's the proper forum 49 for that and that's our conclusion. 50 MAYOR GOFF: Okay. Excuse me, but I thought when we hired you, your purpose was to evaluate, not 51 Unicorp; well, Unicorp's proposal, yes; but also to come back with a generalized discussion of the area and 52 the growth potential, possible funding methods outside of, of participating as a silent minority partnership 53 with, you know, with a public business. You know, I thought, I thought you were going to get us more into 54 the other ways that we could fund the civic center. 55 JOHN STAINBACK: We, we have done that and we have not only evaluated Unicorp's proposal, like you 56 requested, but we have also developed our proforma with our own assumptions and have identified that there 57 is a shortfall in the, between the land purchase price and the cost of the civic center building, and we have 58 developed a couple of alternative options for you to consider, but we feel like these decisions and analysis