Members of the City Council are scheduled Feb. 9 to receive an update on the developer-initiated process, which was created to be a more transparent process resulting in the highest quality market-rate projects for city-owned property. As a second item on the agenda, Council is scheduled to receive a quarterly report from the finance director on City purchases between $50,000 and $200,000. The Council will not take public comment during the noon study session in the Tacoma Municipal Building North, 733 Market St., Room 16. Audio from the session will be broadcast live on TV Tacoma and on http://www.tvtacoma.com . On-demand audio archives are available on the Web within 24 hours of the meeting at http://www.tvtacoma.com .