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<br />I <br /> <br />I <br /> <br />I <br /> <br />March 23, 1982 <br /> <br />TO: The Honorable Mayor and Nembers of the City Council <br /> <br />FROM: James W. Fornell, City Manager <br /> <br />RE: Long Lake Park <br /> <br />The following is in response to several concerns raised regarding <br />the Park: <br /> <br />1) Land Lease - A land lease is not permissible according <br />to Metro Council staff. Bob Nethercutt is to be present <br />and will address the issue. <br /> <br />2) ~1iller-Bury, et al, property T.l.F. cash flow. Jim Winkels' <br />report is forthcoming. It is not feasible given the assumptions <br />made and may have serious legal problems ("regional" park <br />paid by a very localized industrial development). <br /> <br />3) Downtown T.I.F. cash flow. There is inadequate cash <br />flow under the proposed level of development to facilitate <br />the Park. The City's key pUblic purpose expenditures <br />under this district are City Hall/fire station improvements <br />and improving Veteran's Park. <br /> <br />Even if we could or have T.l.F. cash flow to be used, <br />it still comes out of the taxpayers pocket as it is money <br />that could be passed through to the County, School District, <br />City, etc. <br /> <br />4) J.P.A. Agreement expiration date deletion. Bernie Edmonds <br />of the Ramsey County park staff does not agree to eliminating <br />the December 31, 1984 expiration date. He met with a <br />County Attorney this afternoon. Staff will have a response <br />at the meeting. <br /> <br />5) Referendum/Special Election. There are two types: <br />a) Advisory. The City cannot fund such an election <br />and the results are not binding on the Council. <br />b) Bond Sale. Only the City Council can order a special <br />election for the purpose of selling G.O. bonds to <br />finance park development. It cannot be petitioned. <br />