The Urbana City Council voted unanimously Monday night to continue talks towards a possible redevelopment agreement for a 94-year old downtown hotel. The latest revisions to the draft agreement for the Urbana Landmark Hotel include reducing the city’s post-construction bonds to help the project from $9.5 million down to $7 million.

Urbana Mayor Laurel Prussing hopes the latest changes in a proposed redevelopment contract for a downtown hotel will win over more city council members. Council members are to take a preliminary vote Monday on whether to continue talks with developer Dionis Rodriguez on renovating and reopening the Urbana Landmark Hotel.