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04-18-01 Town Council MinutesMayor Manchester called to order the Regular Meeting of the Snowmass Village Town Council, continued from Monday, April 16, 2001, on Wednesday, April 18, 2001 at 4:12 p.m. COUNCIL MEMBERS PRESENT: COUNCIL MEMBERS ABSENT: STAFF PRESENT: PUBLIC PRESENT: Item No. 1: CONTINUATION OF 04 -16 -01 TOWN COUNCIL MEETING MEETING MINUTES 04 -18 -2001 CONFERENCE CENTER LEASE Jim France T. Michael Manchester, Richard Virtue, Robert Purvis, and Arnold Mordkin Douglas Mercatoris was on approved leave of absence Steve Connor, Town Attorney; Carey Shanks, Assistant to the Town Manager; Gary Suiter, Town Manager; and Rhonda B. Coxon, Deputy Town Clerk Madeliene Osberger, Brent Gardner Smith, Bernie Grauer, Jim France, Dave Spence, Robert Sinko, Mary Harris, Greg Hailey, Butch Darden, Derek Johnson, Walter Keiser, Jose Satiago, John Quigley and other members of the public interested in today's Agenda. To recap this item, there is a need for Snowmass Village Resort Association (SVRA) to resolve its short-term budget shortfall, which has led to a specific proposal from the SVRA to the Town of Snowmass Village (TOSV) to refinance an existing debt obligation on the Conference Center. Mayor Manchester and the Council explained to Jim France, President of the Snowmass Village Resort Association, following careful consideration of the SVRA proposal, which has included review and analysis by our financial advisor and staff, we are unable to proceed and therefore must reject the proposal as it is currently presented. The Council proposed to extend the payment date August 1, 2001 to allow time to negotiate in good faith. 04- 18 -01tc cont from 04 -16 -01 tc Page 2 Town Council distributed a letter to Jim France from the Town Council explaining the above issues. After reviewing the letter some minor language changes were made. Mordkin made motion to direct staff to make the suggested changes to the letter submitted by Council for SVRA, seconded by Purvis. This motion was approved by a vote of 4 in favor to 0 opposed. Council Member Mercatoris on excused leave of absence. Item No. 2: ADJOURNMENT There being no further business, Virtue made a motion to adjourn the meeting. Purvis seconded the motion. The motion was approved by a vote of 4 in favor and 0 opposed. Council Member Mercatoris was on approved leave of absence. The meeting adjourned at 5:00 p.m. Submitted by: Rhonda B. Coxon, Deputy Town Clerk