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City Council Meeting Agenda

City Manager

Meeting Date:	12/10/2012
Due Diligence - Music Center
Submitted By:	Tracy Mahaffey
Department:	City Manager
Council Committee Review?:	None
Date(s) of Committee Review:	12/04/2012
Audio-Visual Needs:	None	Emergency Legislation?:	Yes
Motion/Ordinance/ Resolution No.:	2012-R-5746

Information

Agenda Item Description or Legislation Title

A Resolution Authorizing The City Manager To Proceed With The Due Diligence Necessary To Be Able To Proceed With Owning And Constructing A Music Center In The Heights Development And Authorizing The Expenditure Of A Not To Exceed Amount Of $100,000.00 To Perform The Due Diligence, And Declaring An Emergency.
(first reading)

City Council Recess

Purpose and Background

This legislation would allow the City Manager to proceed with the due diligence necessary to be able to proceed with owning, constructing, and operating a music center at The Heights development.

Fiscal Impact

Source of Funds:	Montgomery Co. TIF Funds
Cost:	$100,000
Recurring Cost? (Yes/No):	No
Funds Available in Current Budget? (Yes/No):	No

Financial Implications:

Attachments
Resolution
2012-R-5746