A RESOLUTION SETTING A COUNCIL WORK SESSION ON DOWNTOWN ECONOMIC DEVELOPMENT INITIATIVE (2005-06-15/R-16b)

WHEREAS, the Town Council has selected Ram Development Company and decided to initiate negotiations potentially leading to a Development Agreement; and

WHEREAS, the Council desires to give direction to the negotiating team on design and building program prior to the initiation of negotiations;

NOW THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council schedules a work session for 3 p.m. June 20, 2005 in the Council Chamber to meet with Ram Development Company to discuss design and building program issues.

This the 15^th day of June, 2005.