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August 11,20[0 <br />Page of <br />waterhnptocrement <br />9. Consideration of Proposals for City Project 10-5, Water Treatment Plant and Well House Doors <br />206Mct Report No. 1a <br />o6. <br />• and Bollards Recoating. Report No. 10-207. <br />9. Comiderabon of <br />10. Consideration ofApplication for a Solicitor License for Window Concepts of Minnesota, Inc. <br />P1°p�as r"c'ty ROJec <br />10-5, WaterTreatn ent <br />Report No. 10-208. <br />Plant and Well House <br />Doan and Bollards <br />11. Consideration of authorizingf oiling for the Recreation Programmer position. <br />lI0-M7."gRamat va <br />Report No. 10-209. *Moved to Council Business. <br />10. Consdaafionof <br />12. Consideration to authorize program service level reallocations in the Parks and Recreation <br />mdow <br />Li �mor"W <br />Department. Report No. 10-210. *Moved to Council Business. <br />Concepts ofmMesota, <br />Inc. Report No. 10-208. <br />13. Consideration of Partial Payment 1 for Project 10-6, WTP#1 Upper RoofReplacement <br />tt. coruzkatfonof <br />Report No. 10-211. <br />adhonwNfi t6gfor <br />the Recreation <br />14. Consideration ofresolutionintim volunteers o e ars, Recreation Environmental <br />appo g ttthe PkRti& Ei <br />P'°s"a""'�' posw <br />ReportNa 14209. <br />commission. Report No. 212. Resolution No. 10-059. <br />12. Conatieniam to <br />15Consideration ofapproval ofavel to DCforMayor Jacobsen and City Mantager Lotter <br />°°gn° sm" <br />letelreo1oc1onn he <br />Report No. 10-213. *Moved to Council Business. <br />ParksaadRxrurmon <br />Deox pot RmodAo. <br />_ <br />14210. <br />Motion by Councilmember Phillips, seconded by Councihnember Bauman to approve the Consent <br />13.Co daauon of <br />as amended. <br />Patsal Payment 1 f)r <br />,rnda <br />Pmject 10-6,WIP#1 <br />UppaRoofReplacema <br />Report -No. 10-211. <br />5 Ayes, 0 Nays, Motion Carried <br />14.Consideratart of <br />resoh>aon appo <br />volunteer to the Parks, <br />Public Hearin ¢ <br />Recreabon &��hoat>Bm� <br />None <br />conunission. <br />Report No. 212. <br />Council Business <br />Resolution No. 10-059. <br />1 ` Consideration ofTerm Sheet with Stuart Development Company for an apartment project in he <br />15 Camde 7don of <br />Northwest Quadrant. Report No. 214. Resolution No. 10460. <br />apgouxl oftrm e1 w DC <br />for MawrJawhsanand <br />DirectorFe melius explained that City staff has been in discussions for a couple of months with Stuart <br />ChyMnnagerLotte r. <br />Development Company (Stuart) about a potential apartment project in the Northwest Quadrant. <br />ReFnrtNo.10-213. <br />The company has agreed to the City's demand for a higher land value ($1,250,000). Stuart <br />PublicHeanna <br />will pay $200,000 at closing and then carry the balance ($1,050,000) as a partial forgivable/ <br />None <br />deferred loan. Starting in 2013, the City will forgive 10% ($55,000) per year for 10 years. At the <br />Council Business <br />end of 10 years, the City will have forgiven $550,000, at which time the redeveloper will start <br />t. Casocrahon of <br />making $50,000 annual installment payments. These payments will continue for 10 years and <br />Tamsheetwithstuat <br />the City will eventually collect $700,000 for the land. The redeveloper also needs $1,200,000 <br />fbranapmettteat�y <br />or an apantrnart lxoject <br />cash assistance from the City. This money is available through TIF cash reserves that can be <br />in he Nontrwst <br />used for projects which are started by June 30, 2011. The Minnesota Legislature adopted <br />Quadrant <br />per as <br />•hg session under developer rules during the 2010 ion undthe Jobs bill. The dlo hagreed to enter <br />Report 4. <br />R�lution on No. l0 -0(i0. <br />into a minimum assessment agreement. The developer has requested the Park Dedication Fees <br />be paid over a over a period of ten years; beginning in 2013. A look back provision is proposed, <br />