The plan to build a municipal campus on the site of Northland Mall on Highway 61 (Lake Street) survived another three-plus-hour meeting last night, Nov. 29.
The joint meeting of the Economic Development Authority (EDA) and the City Council was essentially a chance for the EDA to pull out of the development agreement with PACE, Inc. before the city incurred any further cost. Jackie McNamara moved to pull the plug on the project, but the motion was not seconded.
Another point of the meeting was to set an approximate amount for bonding to finance the project. Preliminary estimates were $23.5 million. The city recently cut that to $23 million, but the EDA as a whole seems determined to cut that much further. Last night, the board voted 5-2 to set the approximate bonding level at $21 million.
The Planning Commission on Wednesday found the potential redevelopment of the property to be consistent with the city’s comprehensive plan and zoning regulations. That finding came via a 5-2 vote.
The ultimate vote on the municipal campus project is on track for Monday, Dec. 17.