‘Ald.Ranger re iadd'l. Comn. iitems. July 12th, 1976 for Northwest Movies Ltd., be adopted. Carried. Alderman Ranger voted against the resolution. Prior to passage of the foregoing resolution, Alderman Laking advised that upon consideration of the request and various alternatives open to the Committee, it had been generally agreed that this agreement would prevent the applicant from leasing the parking lot to commuters (the lot presently being used by commuters at no charge) and therefore provide a better turnover of parking available to downtown shoppers. Alderman Ranger expressed concern over the amount of revenue that would be lost to the City in both initial charges and the normal $7.50 per month per stall rental charge for 40 parking spaces, Additionally, he was concerned that a precedent would be set in waiving the By-law requirements in this particular case as there were several other businesses in the immediate vicinity which could make a similar request. Alderman Mabbett indicated that some months ago the Public Works Committee had attempted to reach an agreement with the owner of the corner lot in order to provide downtown 2-hour shopper's parking and to eliminate the commuter parking on the property but had not been successful at the time, Alderman Thompson suggested that the desirability of the reopening of the Theatre should be taken into consideration although he did agree there may be a problem in setting a precedent. Alderman Laking suggested that there should not be too great a problem due to the fact that the theatre requires parking at 'off-hours' from the surrounding businesses but did agree that there may be some degree of conflict on Saturdays. Alderman Thompson queried the length of the lease agreement for the property to be used as a parking lot and Mr, Bob Elliott, of Northwest Movies Ltd. was in attendance at the meeting and advised that the Company had a one year lease with an Option to Purchase. Alderman Ranger queried the report of the Land Sales Committee, July 9th, 1976 and marked for Committee and indicated that he felt the items should be discussed in open Council. Moved by Alderman Ranger: That items 1, 2 and 3 of the report of the Land Sales Committee, July 9th, 1976 and marked for Committee be placed on the Agenda and discussed at this time. Lost for Want of a Seconder,. Discussion ensued during which it was generally agreed that although item 1 could be considered at this time, consideration of items 2 and 3