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live up to the agreement but not assess any of it. <br />D. Order the project on a 3/5's vote and have the City pay for <br />all of it. <br />E. Commence and conclude the public hearing and then determine a <br />course of action. <br />F. Hold and continue the public hearing and table further <br />discussion until the June 23rd or July llth meeting. <br />G. Not undertake the project. <br />Issue 2. Determination as to Whether the Protect Should be <br />Ordered ---- - -- -- - -- - - -- --- A. Order the project with a 4/5's if there is no petition in <br />order to assets a portion to the property owners. <br />B. Order the project with the 3/5's with the City paying 25% and <br />the developer paying 75% in accordance with the agreement. <br />C. Order the project at 3/5's vote with the City financing the <br />total. <br />D. Table <br />E. Not undertake the project. <br />Issue 3. Award of Bid (Agenda Item #17) <br />A. Award the bid to Hardrives Inc. <br />B. Table for futher discussion. <br />C. Reject all bids. <br />Issue 4. Determination of Financinq <br />A. Undertake the originally agreed on percentages. <br />A. Undertake an altered percentage of the costs. <br />�'. Table. <br />D. Do not undertake. <br />RECOMMENDATION - it is recommer � `gat the City Council order <br />the project to be undertaken on a vote and that the Counc:.l <br />determine by separate action tht � iancing. It is recommended <br />that the financing be as fo:lows: a developer pays 75% for a <br />total of. $ 36, 000, the City pay about 1 5% and the three abut t i lg <br />property owners split the difference on the remaining 10A for an <br />average cost of about $ 1 , 500.00 <br />