CCP 12-09-2008 - Laserfiche WebLink

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Black distributed financial data on environmental costs for the entire Northwest Quadrant development through October 31, 2008. Flahave asked if all change orders were included in these figures. Black replied that they are included and suggested that the projected figures are conservative. East Side Black reported that agreements with the railroad interests have not yet been finalized. The City did not accept the proposal from MT Properties for indemnification on contamination issues. They have requested that the billboard remain for one year after the property is purchased. Staff has contacted Ryan regarding this issue and while they have not heard back from them it is anticipated that it will be resolved soon. The cleanup of the dump has begun, with Block A to be completed first. Cummins has been contacted regarding Block A and staff has been told that the company would make a decision regarding their new location by the end of the year. The cell tower company is differing with the City on the payment of the footing for their new tower. The City's stance is that it will be purchasing the old tower and does not intend to pay for a new one. Lotter announced that the Mounds View School District has approved the special legislation that allows the City to extend several TIF districts by four years. He added that he would like to thank the Mayor for his significant help in getting this legislation passed by the legislature. • Sculthorp asked whether the Task Force would be identifying the anticipated projects and how much revenue each block would need to bring in to meet the budget requirements. Lotter replied that the market study must be completed first, which would show what models are viable. After the study is complete, the Council would be able to choose what they would like the development to be. Benke noted that the Northwest Quadrant was started by community discussion to determine what the public would like to see in the development, instead of just accepting whatever proposal comes in. He believes the area is a great location. Harmon added that progress is ongoing and when the market turns around the area will be ready for development. Flahave suggested that the City should not have assumed the role of a developer and taken on $100 million in debt. He believes that housing will not be viable due to the proximity to noisy freeways. Other Business Black reported that the USPS carrier annex site is complete and the retail site should be completed by the first of the year. The post office has stated they would not move until both building are complete. The Homewood Suites Hotel, located at Old Highway 8 and Highway 96, will start construction soon. The Eagles will soon construct an outdoor dining patio since the Council has approved a small code amendment to allow outdoor dining. Bell Pole and Cheetah Precision have started construction on additions to their respective buildings. Adjournment The meeting was adjourned at 7:55 a.m.