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the preferred group of the four developers to submit bids <br />for the site. Mr. Barnes stated that at that time, the <br />possibility of a UDAG grant was not known and he felt that <br />it was proper and reasonable for the City to be a catalyst <br />for the project, and he, therefore, had no objections to <br />the price and terms. Mr. Barnes stated that he was <br />concerned that the parking deck built with the UDAG funds <br />could not be guaranteed for use by the general public and <br />was concerned about the potential for giving one developer <br />an unfair competitive edge. Mr. Barnes stated that <br />because of his concerns he intended to vote against the <br />resolution. <br /> <br /> Mrs. Gleason stated that she felt it was important <br />for the City to maintain control over the site for the <br />public interest and that this project would provide both <br />the desired quantity of parking and a high quality <br />project. Mrs. Gleason stated that she felt it was <br />important to decide whether the benefit to the public <br />outweighed other possible concerns about the project, and <br />stated that in this instance she felt the project would <br />benefit the public. <br /> <br /> Mr. Buck nOted that under the City's ordinance, the <br />developer would only be required to provide 67 spaces for <br />the proposed project. Mr. Buck stated that in actuality <br />the UDAG grant only provided a 1 1/2% subsidy to the <br />developer because of the rates that would be available <br />with industrial development authority bonds. <br /> <br /> Dr. Hall stated that he had witnessed the renovation <br />of downtown and hoped to see more take place. Dr. Hall <br />stated that he was aware of the fairness issue, but felt <br />that it was important to take advantage of the UDAG funds <br />if additional parking could be provided. Dr. Hall stated <br />that he felt it was important to build up the City's tax <br />base and to provide additional employment opportunities. <br />Dr. Hall stated that while he appreciated the statements <br />made by the developers, he did not want to lose the <br />possibility of receiving the grant funds, especially <br />given the fact that the funds could be used again to <br />benefit the community in the way of community development <br />projects. <br /> <br /> Mr. Towe stated that he felt that the people who <br />spoke in opposition to the project deserved a voice and <br />that while he felt the City should be in control of the <br />development, he was concerned by the fairness issue and <br />would opposed the resolution. <br /> <br /> The resolution authorizing the application for an <br />Urban Development Action Grant, authorizing execution of <br />the Preliminary Development Agreement and authorizing the <br />loan agreement with Jefferson Mall Limited Partnership <br />should the UDAG grant be awarded was approved by the <br />following vote. Ayes: Mr. Buck, Mrs. Gleason, Dr. Hall. <br />Noes: Mr. Barnes and Mr. Towe. <br /> <br /> WHEREAS, the Charlottesville Redevelopment and <br />Housing Authority (the "Authority") has reached a <br />preliminary agreement with Jefferson Mall Limited <br />Partnership, a Virginia limited partnership ("Jefferson"), <br />with respect to the sale and development of those certain <br />parcels of land situated in the Vinegar Hill Redevelopment <br />Area of the City which are designated as T. M. 28, Parcels <br />1, 88 and 89; and <br /> <br /> WHEREAS, Jefferson is the optionee of an option to <br />acquire property knoWn as the Thomas Tire Center'property, <br />which is designated as T. M. 28, Parcel 84; and <br /> <br /> WHEREAS, incidental to its plans to develop such <br />parc4els owned by the Authority, Jefferson would like to <br /> <br /> <br />