1981-07-23 - Laserfiche WebLink

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I I I COUNCIL PROCEEDINGS CITY OF NEW BRIGHTON Pursuant to due call and published notice a special meeting of the New Brighton City Council was held on Thursday, , July 23, 1981 at 7:30 p.m. in the municipal building, 803 5th Avenue NW, New Brighton, Minnesota. Present: Mayor James Senden, Councilmembers Roger Blomquist, Jeanette Janecek, Steve Schmidt Absent: Councilmember Bob Benke Also Present: James Fornell, City Manager Donald L. Lais, City Attorney Jim Winkels, Director of Community Development Joan Archer, City Planner Vern Pederson, City Clerk The Mayor stated the meeting was called for the purpose of considering the New Brighton Downtown Development Plan and the New Brighton Tax Increment Financing Plan. The Director of Community Development reviewed the history of the downtown development program. Mr. Terry F8ster, representing Kraus-Anderson, Inc., discussed progress since the Joint Planning Agreement was approved in January 1981 adding that two (2) buildings are now under contract as Phase I of the proposed development. Hr. Dave Soloman, architect representing KraUS-Anderson, Inc., described the proposed architectural concept utilized in the design of the proposed development. The Director of Community Development discussed the proposed financial plan. Mr. Tom Bredeson, representing Evenson-Dodge, City Bond Consultant, discussed the proposed bond schedule stating the plan was realistic, provided for early call if desirable, and structured using conservative estimates. He also described the difference between revenue bonds and revenue G. o. bonds. Gladys Walbon, 860 6th Avenue NW, expressed concern that tax increment is being used. She felt private development capital should be the vehicle for financing. Mr. Paul Reiling, 503 9th Avenue NW, requested information ~ardingwhat a tax increment district would mean to the average New Brighton citizen.