Lazes said after the meeting the required work on D1 — concrete floors and balconies and framing for a glass storefront — could be completed before the ARK Group’s end-of-year contractual deadline. But not much construction has been done during the rains over the two weeks since that last vote. Instead, both sides testified, there had been intense negotiations over a settlement that would give ARK Group $40 million in Thursday’s vote and $4 million when D1 was finished.Developer Rick Lazes said of the $4 million: “More than five times the cost of the storefront gives the city assurances and protects the taxpayers that the entertainment center will be finished in a manner that is comfortable to the city and to the taxpayers.”However, in a 90-minute closed session with its attorneys before the vote, the city changed the deal, reverting to its stance that the full payoff come after D1 is finished.Mayor Pro Tem John Danish and council members Phil Riddle, Oscar Ward, Dennis Webb and Al Zapanta voted to approve the $44 million once the city manager certifies the work is complete. Voting against the deal were Mayor Rick Stopfer and council members Allan Meagher and Kyle Taylor. David Palmer, who had voted in the two previous meetings… Read full this story
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