Here is the Recorder story on the termination of the Chalmers agreement via a resolution to be introduced and likely passed next week (here). Through some well placed contacts, I was able to acquire the resolution itself.  Here it is:

Let it be resolved on this day of Tuesday June 30th by the Amsterdam Council on the matter of the Chalmers building the following:
1) whereas developers see opportunity for residential development and adaptive reuse of historic, architecturally significant buildings within the city, we proclaim such development to be unwanted and undesirable.
2) whereas we decry the ever growing local tax burden on property owners coupled with an underperforming housing market, we reject any and all development which may reverse this decades old trend. We embrace this trend.
3) whereas developers envision projects to attract a younger demographic, we see no need for retention of nor attraction of youth  to our local community and in fact, see growth through a continuing attrition of a younger demographic.
4) whereas legal agreements rely on a level of good faith effort by both parties and in cases where legal agreements may be less than clear, we will interpret that as strictly bad faith on the other party notwithstanding our less than good faith efforts
5) whereas the public may hold us accountable for the consequences of this action, we claim no basis for such accountability
6) whereas successful and viable communities foster positive relationships with private developers and industry, we see no such need.
7) whereas other developers and investors will interpret our actions against Mr Kaufmann as a community hostile to development by radically raising the financial risks of development, we do not consider financial risks as relevant to policy making.
8 ) whereas Murray Gould expressed an interest in Esquire and whereas he sees our actions against Mr Kaufmann as risky and whereas we may lose another adaptive reuse project, we reject any possibility of negative consequences of our actions.
9) whereas the site was known prior to demolition as the Chalmers building and whereas the site will be demolished, we will erect a lifesize monument of the sponsors of this resolution. Such monument will be engraved with the following: “In recognition of the Leggiero-Wills-Isabel-Roth Resolution passed on June 30, 2009. Architects of a bleaker tomorrow than today”.

Let it be so resolved.