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December 14,2010 Page 3 of 6 <br /> 14. Consideration of Application for a Solicitor License for The Window Store Home Street Rehabilitation. <br /> Improvements,Inc. Report No. 10-281. <br /> Report No.10 279. <br /> 13.Consideration of <br /> 15. Consideration of Renewal of Accessory Use Licenses and Personal Service Licenses. Application for <br /> Report No. 10 282 Temporary Liquor <br /> icense <br /> Report No.10 280. <br /> 16. Consideration of Transfer of On Sale Intoxicating Liquor License-Champps. <br /> Report No. 10-283. 14.Consideration of <br /> Application for a <br /> Solicitor License. <br /> 17. Consideration of Resolution Adopting New Bylaws for the New Brighton Firefighters'Relief Report No.10281.. <br /> Association. Report No. 10-284. Resolution No. 10-082. <br /> 15.Consideration of <br /> 18. Consideration of Resolution Adopting Restated Articles of Incorporation for the New Brighton Renewal ofAccessory <br /> Firefighters'Relief Association. Report No. 10 285. Resolution No. 10-083. P se Licenses� <br /> Licenses. <br /> 19. Consideration of Resolution amending the 2010 Budget. Report No. 10-286. Report No.10-282 <br /> Resolution No. 10-084. 16.Consideration of <br /> Transfer of On Sale <br /> Intoxicating Liquor <br /> License <br /> Motion by Councilmember Phillips,seconded by Councilmember Samuelson to approve the Consent Report No.10 283. <br /> Agenda as presented. 17.Consideration of <br /> Resolution Adopting <br /> New Bylaws for the <br /> 5 Ayes,0 Nays-Motion Carried New B tern'R <br /> Firefighters'Relief <br /> Association.Report No. <br /> 10-284.Resolution No. <br /> Public Hearing 10-082 <br /> None 18. Consideration of <br /> Resolution Adopting <br /> Restated Articles of <br /> Council Business Iricotporahonfor the <br /> New Brighton <br /> 1. Consideration of Development Agreement between the City of New Brighton and The View at Firefighters'Relief <br /> Long Lake,LLC. Report No. 10-287. Resolution No. 10-088. Association.Report No. <br /> 10-285.Resolution No. <br /> 10-083 <br /> Director of Community Development Grant Femelius reported over the last three months, staff from the <br /> City and Stuart Development Company, along with attorneys for both sides and our financial 19.Consideration of <br /> advisor at Ehlers Associates, have been working through the details of a development agreement Resoluaonamendmg <br /> the 2010 Budget <br /> for a 124 unit apartment project known as The View Apartments at Long Lake. The Council Report No.10-286. <br /> approved a term sheet with Stuart on September 14, 2010, with the caveat that any future Resolution No.10-084 <br /> development agreement address such issues as land payments. The four acre parcel is known as <br /> Block H, a 124 unit building is proposed. Rents would range from $850 per month for a studio, Noneic Hearing <br /> to $2,200 for a three bedroom unit. The property is a 4 story building with underground parking. <br /> Council Business <br /> The following contract terms were reviewed: <br /> 1.Consideration of <br /> • Land Price:$1,250,000 Development <br /> • $700,000 cash at closing Agreement <br /> • $550,000 on loan note to the CityReportslotion 10-287. <br /> Resolution No. 10- <br /> • The city to forgive 10%of principal for 10 years beginning January 2013. 088. <br /> • Note secured with personal guarantee of Stuart H.Nolan <br /> Director Femelius pointed out the Land Sale provisions were different from originally planned,as there is no <br /> longer any deferment. <br /> The City will provide cash assistance in the amount of$1.2 million from surplus cash form six different TIF <br />