City Council

27 WEST ALLEN STREET WINOOSKI, VERMONT 05404 (802) 655-6410 CITY OF WINOOSKI (802) 655-6414 (fax) JESSIE BAKER CITY MANAGER MAYOR NICOLE MACE COUNCILOR HAL COLSTON CITY COUNCIL COUNCILOR ERIC COVEY COUNCILOR COREY MACK SPECIAL CITY COUNCIL MEETING Agenda Tuesday, February 26, 2019 4:00 P.M. CLAIRE BURKE COUNCIL CHAMBERS I. Call to Order II. Pledge of Allegiance III. Executive Session: a. UMB – Executive Session Pursuant to 1 V.S.A. §313 (1) (E) “pending litigation to which the public body is a part” – UMB Bank N.A. v. City of Winooski and (2) “the negotiating….of real estate purchase or lease options” IV. Regular Items: a. Approval: Approve documents related to the Litigation Settlement with UMB, N.A i. Litigation Settlement Agreement ii. Ground Lease Sale – Unit 1 of the West Block iii. Ground Lease Sale – Unit 2 of the West Block iv. Escrow Agreement v. Parking Agreement V. Adjourn MINUTES The Mayor called the meeting to order at 4:03 p.m. Mayor Mace and Councilor Covey were via phone. The meeting started with the Pledge of Allegiance led by Councilor Mack. Members Present: Mayor Nicole Mace was via phone Councilors: Corey Mack, Eric Covey was via phone until he arrived at 4:15 p.m. Councilor Colston was absent. Officers Present: Jessie Baker, City Manager Others Present: Robert DiPalma, Attorney, Paul Frank & Collins III. Executive Session February 26, 2019 Winooski City Council  MOTION by Councilor Mack seconded by Councilor Covey to go into Executive Session at 4:05 p.m. to discuss UMB- Executive Session pursuant to 1 V.S.A. §313 (1) (E) “pending litigation to which the public body is a part” – UMB Bank N.A. v. City of Winooski and (2) “the negotiating….of real estate purchase or lease options” as presented and to invite Mr. DiPalma, Attorney and Jessie Baker, City Manager in to Executive Session. Vote and passed 3-0 by a roll call vote. Councilor Covey arrived at 4:15 p.m. IV. Regular Items Council entered regular session at 4:38. a. Approval: Approve documents related to the Litigation Settlement with UMB, N.A. Attorney DiPalma explained that as the documents are part of a litigation settlement, until they are executed, they should not be released publically as their early release may threaten the City’s negotiation position. MOTION by Councilor Covey seconded by Councilor Mack: To approve the settlement documents (Litigation Settlement Agreement, Parking Agreement, two Purchase and Sale Agreements, Escrow Agreement) so long as the final versions thereof remain in substantial conformity with the documents reviewed. The City Manager is hereby authorized to negotiate ministerial and non-substantive changes to the documents and, when complete, to execute them on behalf of the City. The documents shall be released as public documents upon execution. Voted and passed 3-0 by a roll call vote. V. Adjourn MOTION by Councilor Covey seconded by Councilor Mack to adjourn special city council meeting at 4:41 p.m. Voted and passed 3-0 by a roll call vote. The City Manager took the above minutes. ATTEST:___________________________ City Clerk February 26, 2019 Winooski City Council