Minutes of the Centerville City Redevelopment Agency meeting held Tuesday, October 7, 2003 at 9:07 p.m. in the Centerville City Council Chambers, 250 North Main Street, Centerville, Utah.

MEMBERS PRESENT: Chairman: Michael L. Deamer Vice Chairman: David R. Gill Directors: Brian Gold, was excused at 10:00 p.m. R. Dean Layton Debbie L. Randall Nancy F. Smith STAFF

PRESENT: Steve Thacker, Executive Director Blaine Lutz, Finance Director Fred Campbell, City Engineer Connie Larson, Recording Secretary

VISITORS: JoAnn Earl Sherri Lindstrom Dave Gutke Paul Cutler Delise Herem Kay Ashton Paul King

NEW BUSINESS

Consider Agreement in Connection with Agreement for Disposition of Land with Centerville Enterprises, L. C., for Centerville Marketplace Lot 301 Paul King, an attorney representing Centerville Enterprises, L. C. and Murdock Chevrolet, said the principals of Murdock Chevrolet have formed Centerville Enterprises, L.C. for the purpose of acquiring Lot 301 for the purpose of a Lexus Dealership on this site. Mayor Deamer referred to page 4 that states "no party is in default under the ADL as to the Enterprises property." Mayor Deamer asked if this statement is correct in light of the detention basin drainage issues. Steve Thacker said this property will have as much detention after it is developed as it was intended to have under the Master Drainage Plan for the Marketplace area. Mayor Deamer recommended deleting everything after the second sentence, as it will be similar to what was approved in the City Council meeting. Councilman Gold made a motion to approve the agreement in connection with the ADL with the modifications suggested by Mayor Deamer. Councilman Layton seconded the motion, which was passed by unanimous roll-call vote (5-0). Mr. King stated the assumption is restricted to only Lot 301, and no party is in default under the ADL agreement. Fred Campbell, City Engineer, stated this basin was originally built too large, and there was concern that a dealership would fill the basin as much as they can. Mr. Campbell said he wants to see as much detention as possible, and there may be a need for Target to add more detention elsewhere in the Marketplace to offset detention shortages on other lots. At 9:19 p.m., Councilwoman Smith made a motion to close the RDA meeting and return to the City Council meeting. Councilman Gill seconded the motion, which was passed by unanimous vote (5-0).

RETURN TO RDA MEETING At 10:25 p.m., the RDA Board reconvened.

MINUTES REVIEW AND APPROVAL Councilwoman Smith made a motion to approve the August 5, 2003 RDA meeting minutes as written. Councilman Gill seconded the motion, which was approved by unanimous vote (4-0). Councilwoman Smith made a motion to approve the August 5, 2003 closed RDA meeting minutes as written. Councilman Gill seconded the motion, which was passed by unanimous vote (4-0).

Review final version of option agreement with Dayton West, L.L.C. (MTC) pertaining to parcels 2 and 3 of the Centerville Corporate Subdivision Mr. Thacker said the Council was informed in an earlier staff report of the contents of Paragraph 9. Staff’s understanding was that if Lot 3 was used by the City (via its "put option"), the option payments, plus the costs of landscaping would be refunded to Dayton West, L.L.C. Council agreed to leave as is the wording in Paragraph 9.

ADJOURN TO CLOSED RDA MEETING At 10:35 p.m., Councilman Gill made a motion to adjourn to a closed RDA meeting. Councilwoman Smith seconded the motion, which was passed by unanimous vote (4-0).

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Steve Thacker, Executive Director                      Date Approved

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Connie Larson, Recording Secretary