Council MIN 06-15-2010 SpecialCITY OP
,� Federal Way
MINUTES
FEDERAL WAY CITY COUNCIL
SPECIAL MEETING
Council Chambers - City Hall
June 15, 2010 - 5:30 PM
www. cityoffederalway. com
OPEN HOUSE
Twin Development Concept for Former AMC Theater Site
Economic Development Director Patrick Doherty stated Twin Development is interested in
receiving assignment of the purchase and sale agreement for the former AMC Theater site
that is currently held by United Properties. This open house is an opportunity for individuals to
ask questions of representatives of Twin Developments regarding their proposed project.
Steve Smith of Twin Development gave a brief overview of their proposed project. The project
would include three towers, two would be 45 stories and one would be 35 stories. The site is
located in a regional center which would allow funding under the EB5 Program (which allows
foreign investors to participate in the project). The site would have an open space area with a
park, water features and amphitheater. Construction would begin in 2011 and condos would
be available in 2013 or 2014. Twin development was previously looking at the Azteca site,
however the AMC Theater site is larger and would allow for the inclusion of an public open
space/park area.
2. EXECUTIVE SESSION 6:30 pm
Mayor Kochmar called the meeting to order at 6:30 pm
Councilmembers present: Mayor Linda Kochmar, Deputy Mayor Dini Duclos,
Councilmembers Jim Ferrell Mike Park, Jeanne Burbidge, Jack Dovey and Roger
Freeman.
Staff present: City Manager/Police Chief Brian Wilson, Pat Richardson and City Clerk Carol
McNeilly.
The Council adjourned to executive session at 6:30 pm to discuss Potential Litigation
pursuant to RCW 42.30.110(1)(i), and Property Acquisition pursuant to RCW 42.30.110(1)(c)
for approximately 30 minutes. The Council adjourned from executive session at 6:55 pm.
3. ADJOURNMENT
Mayor Kochmar adjourned the meeting at 6:55 pm.
Attest:
C
Carol McNeilly, CMC City Cle
Approved by Council on: Ju y 6, 2010
City Council Minutes — June 15, 2010 Special Meeting Page 1 of 1