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Councilmember Fenwick voiced his support for moving forward with the project. <br /> Mayor Pro Tem O'Malley concurred. He believes the Town residents are in support of <br /> the project and noted that there has been a true impetus for the new Town Hall from all <br /> sectors of the community. O'Malley added that the Town can control spending with <br /> fiscal constraints. <br /> Councilmember Warshawsky thanked the Finance and Investment Committee for their <br /> efforts in investigating and evaluating the various options for financing the new Town <br /> Hall. He agreed that this is the appropriate time for building a new Town Hall. The <br /> resent facility is in disrepair and is not an adequate working environment for staff and <br /> P tY p q g <br /> the Town's finances are solid. He is in favor of moving forward on the project. <br /> Mayor Cheng concurred and explained that she understands the concerns of the Finance <br /> and Investment Committee. However, there is a definite momentum to move forward <br /> with the project from the community. Cheng explained that there are definite costs <br /> associated with each delay of the project. She added"that the residents are looking <br /> forward to the new Town Hall and that she agrees with Council on moving forward with <br /> the project. <br /> MOTION SECONDED AND CARRIED: Moved by Kerr, seconded by Warshawsky and <br /> passed by the following roll call vote to proceed with the new Town Hall project as <br /> scheduled: <br /> • AYES: Mayor Cheng, Mayor Pro Tem O'Malley, Councilmember Fenwick, <br /> Councilmember Kerr and Councilmember Warshawsky <br /> NOES: None <br /> ABSENT: None <br /> ABSTAIN: None <br /> PASSED BY CONSENSUS: To schedule a City Council Special Meeting, Thursday, <br /> January 29, 2004, to discuss financing options for the new Town Hall. Council requested <br /> the attendance of a Bond Counsel to answer any questions that might arise. The final <br /> decision on the financing option will be agendized for the Regular City Council Meeting, <br /> February 5, 2004. <br /> 5.1.1b. Presentation of Green Energy Program for New Town Hall- <br /> Councilmember Kerr <br /> Councilmember Kerr summarized the Green Energy Program for the new Town Hall. He <br /> reviewed the California Energy Commission's application for Energy Efficiency <br /> Financing that is offered to schools, hospitals, and local governments with Council. Kerr <br /> explained he was requesting Council's approval to submit the application for a loan <br /> amount up to $200,000. while the funds are still available. Council discussed the <br /> program and loan terms. <br /> • <br /> 4 City Council Meeting Minutes <br /> January 15,2004 <br />