Most of it centered on “proceed with caution” and the criticality of the CID board (3 Council members, per statute) having strong authority and a deep bench of independent advisors.

Several of us urged that the Council plan for worst case (see Avimor); that the 2007 M3 economic analysis be completely overhauled to reflect new reality (BEFORE the CID is authorized–to assess project viability); and that the M3-proposed buyer disclosure form be greatly expanded so SV buyers have some clue on their exposure.

Council was listening intently, plans to consult with a variety of others who’ve had experience with this sort of financing mechanism and will, I’m fairly confident, substantially modify the District Development Agreement proposed by M3. The public hearing is still open.

There’s still healthy interest and participation out here on the M3 plan and, importantly, this is an entirely different and much stronger Council than that which approved the entitlements in 2007.

We’ll see how it ultimately shakes out. It’s pretty clear several on Council, particularly John Grasser, are going to move very slowly–with a laser focus on protecting the City and the future residents of this development.

EDITOR NOTE–CJ, thanks for the report. You are welcome on the site anytime to share information with GUARDIAN readers.

This is shameful behavior and they get away with it because residents are asleep and apathetic to what is going on in their own cities. The need to turn off FOX NEWS, CNN and other news-porn and start paying attention to what is happening on a local level. It is the local level where citizens take it in the shorts most frequently and the one place their vote really does count.