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117 Mayor Mercer felt the developer indicated that he could not afford to add more low income units. He supported the five units of low income. Having affordable, low and very low income units is a great incentive. He asked that the developer come back to Council and indicate what he could afford to give up. It was moved by Ms. Scribner, and seconded by Ms. Mohr, to refer this item to staff so that the developer would have a chance to respond to Council's concerns. The roll call vote was as follows: AYES: Councilmembers Butler, Mohr, Scribner, Tarver and Mayor Mercer NOES: None ABSENT: None ABSTAIN: None There was no action taken on the Negative Declaration. Item 6c V-92-2t Community First National Bank Application for a variance to Section 1S.74.120(c) of the Municipal Code to allow a bank located at 749 Main Street. Zoninq for the property is C-C (Central Commercial) - Downtown Revitallzation District (SR92:105) Mayor Mercer abstained from this item because he owns stock in the Bank. Vice Mayor Tarver declared the public hearing open on the application. Bob Philcox, President and Chief Executive Officer of Community First National Bank, 749 Main Street, explained the reason for this request. He did not agree with the staff report recommendations. He explained that the existing sign had been located at this facility for 20 years. The sign is an important factor in the business; it is part of the image and a tradition. He indicated that the corner of that property was especially designed for that sign. He felt that freestanding signs help identify businesses, especially banks. He understood that there had to be regulations on signs but he felt there should be exceptions. He requested that Council grant a variance for the Bankto keep and enhance the sign. Ms. Mohr asked if the sign would be internally illuminated. Mr. Philcox answered that the sign was illuminated now. 3/3/92 15