HomeMy WebLinkAboutminutes.council.19920421Special Meeting Aspen City Council April 21, 1992
Mayor Bennett called the meeting to order at 4:35 p.m. with Council
members Reno, Pendleton, Peters and Richards present.
Councilman Peters moved to go into executive session for the
purposes of discussing litigation; seconded by Councilwoman
Pendleton. All in favor, motion carried.
Councilman Reno moved to come out of executive session at 5:00
p.m.; seconded by Councilwoman Pendleton. All in favor, motion
carried.
Councilman Peters moved to approve the stipulation for settlement
of the Black Swan lawsuits; seconded by Councilwoman Richards. All
in favor, motion carried.
Councilwoman Richards moved to authorize staff to make money
available for real property taxes and interest payments for the
Billings note from the housing day care fund; seconded by
Councilwoman Pendleton.
Councilman Reno said he has been concerned that the city is not in
the driver's seat in this deal and was pushed into something where
the city knew this could happen. Councilman Peters pointed out the
Japanese have paid the carrying costs since the property was
purchased. Mayor Bennett agreed the city is still in good shape.
Mayor Bennett said the Council had said if the Japanese cannot come
up with a payment in May, the property can be sold. Council may
reconsider some other financing mechanisms.
All in favor, motion carried.
Councilman Peters moved to adjourn at 5:05 p.m.; seconded by
Councilwoman Richards. All in favor, motion carried.
Kathryn S. Koch, City Clerk