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final project costs being greater than expected in some areas. After the financial obligations are <br /> prepaid to RDLLC all of the City's and Developer's obligations will be met under the Agreement. <br /> New Development A�reement <br /> RDLLC is planning on constructing another building in Downtown after selling this building. The <br /> building is planned to be constructed on the northwest portion of the North Water Street Park across <br /> the street. An agreement with RDLLC for this building is also being presented to Council to be <br /> Received and Filed and voted on at the November 1, 2010 Council meeting. The attached <br /> document titled 2010 Downtown Redevelopment Project lays out the City's and Developer's <br /> obligations and the benefits to the community from the project. <br /> POTENTIAL OBJECTION: None. <br /> INPUT FROM OTHER SOURCES: The amendment and new Agreement has been reviewed by <br /> the City Corporation Counsel. <br /> STAFF REFERENCE: Any additional questions may be forwarded to Greg Crowe at 424-2727 <br /> or at gcrowe@decaturil.gov. <br /> BUDGET/TIME IMPLICATIONS: None <br />