City Council

MINUTES OF THE CITY OF BRISTOL, TENNESSEE CITY COUNCIL MEETING January 28, 2013 CALL TO ORDER: The City of Bristol, Tennessee City Council Meeting was called to order by Mayor Joel Staton on Monday, January 28, 2013, at 5:00p.m. in the City Hall Annex. ROLLCALL: Present: Mayor Joel Staton, Vice-Mayor Ben Zandi, Councilwoman Michelle Dolan, Councilwoman Margaret Feierabend, and Councilman David Shumaker. Others Present: City Manager Jeff Broughton; City Attorney Jack Hyder; and members of City staff. PUBLIC HEARINGS: Ordinance 12-20 - An Ordinance to Amend the Zoning Map of Bristol Tennessee by Designating Certain Property as PBD, Planned Business District (The Pinnacle). City Manager Broughton reviewed this Ordinance that rezones property at the northeast intersection of U.S. 11 Wand Interstate 81 from R-2, M-2, and B-3 to PBD, Planned Business District. Mayor Staton invited comments from the public and there were none. ORDINANCES AND RESOLUTIONS: A. Adoption of Ordinances (Second Reading): Ordinance 12-19- An Ordinance to Abandon a Portion of Bristol West Boulevard and to Accept the Dedication of Property for Use as Public Street Right-of-Way City Manager Broughton reviewed this Ordinance, which would abandon a portion of Bristol West Boulevard in accordance with the planning of The Pinnacle destination retail center. The northernmost portion of Bristol West Boulevard is being abandoned for the roadway to be realigned in conjunction with the overall plan of development. Vice-Mayor Zandi moved to approve the Ordinance and Councilman Shumaker seconded. The motion passed by unanimous roll call vote. Ordinance 12-20 - An Ordinance to Amend the Zoning Map of Bristol Tennessee by Designating Certain Property as PBD, Planned Business District (The Pinnacle). City Manager Broughton reviewed this Ordinance, which would amend the Zoning Map for 296 acres located at the northeast intersection of U.S. 11W and Interstate 81. Currently the property is classified as R-2, M-2, and B-3 and would be rezoned to PBD, Planned Business District. Councilwoman Feierabend moved to approve the Ordinance and Vice-Mayor Zandi seconded. The motion passed by unanimous roll call vote.  City Council Meeting January 28, 2013 Page 2 of2 B. Resolutions: Resolution 13-10- A Resolution Approving a Development Agreement, Allocation and Loan Agreement Relating to a Border Region Retail Development and Other Matters Incident Thereto (The Pinnacle Project). City Manager Broughton reviewed this Resolution that approves an agreement that sets forth the obligations, responsibilities, and financial participation of the City of Bristol, Bristol Industrial Development Board, and developers to cause construction of the Pinnacle destination retail center within the Bristol Border Region Retail Tourism Development District as certified by the State of Tennessee in February 2012. Vice-Mayor Zandi moved to approve the Resolution, and Councilman Shumaker seconded. This motion passed by unanimous roll call vote. Resolution 13-11 -A Resolution Authorizing the Issuance of General Obligation Bonds, Series 2013A, in the Aggregate Principal Amount of Not to Exceed Ten Million and No/100 Dollars ($10,000,000) of the City of Bristol, Tennessee; Making Provisions for the Issuance, Sale and Payment of Said Bonds; Establishing the Terms Thereof and Disposition of Proceeds Therefrom; and Providing for the Levy of Tax for the Payment of Principal of, Premium, if any, and Interest on the Bonds. City Manager Broughton reviewed this Resolution authorizing the issuance of general obligation debt for public improvements supporting the Bristol Border Region Retail Tourism Development District Act project at Exit 74. The resolution provides the details for the Series 20 13A general obligation bond issue which calls for a fixed-rate borrowing not to exceed $10,000,000 to be sold by competitive sale for up to 25 years. Vice-Mayor Zandi moved to approve this Resolution, and Councilwoman Feierabend seconded. The motion passed by unanimous roll call vote. There being no further business, the meeting was adjourned at 5:56p.m. Joel Staton, Mayor ~t_m~ Tara E. Musick, City Recorder