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December 14, 2010 <br />14. Consideration of Application for a Solicitor License for The Window Store Home <br />Improvements, Inc. Report No. 10.281. <br />15. Consideration ofRenewal ofAccessoryUse licerlsesd Personal Service Lioanses. <br />Report•10-282 <br />16. Consideration ofTransferofOnSale Intoxicating UquorLicem—ChanWs. <br />Report No. 10-283. <br />17. Consideration of Resolution Adopting New Bylaws for the New Brighton Firefighters' Relief <br />Association Report No. 10-284. Resolution No.10-082. <br />18. Consideration ofResolution Adopting Restated Articles ofIncorporation for the New Bnghtm <br />19. Consideration of Resolution amending the 2010 Budget. ReportNo. 10-286. <br />Resolution No. 10-084. <br />Motion by Councilmember Phillips, seconded by Colmcihnember Samuelson to approve the Consent <br />Agenda as presented. <br />5 Ayes, 0 Nays- Motion Carried <br />Public Hearin!= <br />None <br />Council Business <br />1. Consideration ofDevelopment Agreement between the City of New Brighton and The View at <br />Long Lake, LLC. Report No. 14287. Resolution No. 10-088. <br />Director ofCommunity Development Chant 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 <br />advisor at Ehlers Associates, have been working through the details of a development agreement <br />for a 124 unit apartment project known as The View Apartments at Long Lake. The Council <br />approved a tern sheet with Stuart on September 14, 2010, with the caveat that any future <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, <br />to $2,200 for a three bedroom unit. The property is a 4 story building with underground parking. <br />The following contract term were reviewed: <br />• IandPrice:$1,2-%,000 <br />• $700,000 cash at closing <br />• $550,000 on loan note to the City <br />• The city to forgive I0%ofprincipalfor 10yew beginning January 2013. <br />• Note seamed with personal guarantee of Stuart H. Nolan <br />Director Femdius pointed out the Land Sale provisions were different from originally planned, as these is no <br />longer mydefermat <br />The City will provide cash assistance in the amount of $12 million from surplus cash form six diffecrartTlF <br />Page 3 of 6 <br />StnB lZd,abvtation. <br />Repo tNo.10-279. <br />13.Ca sideabmof <br />Application for <br />TempaayLiEr" <br />Inane <br />RepatNo.10.280. <br />14.Casdaaomof <br />Applicabonfora <br />Solicilarlioane <br />RgxitNa 10-281.. <br />15. Casidaarmnof <br />RacwalofAooessay <br />Useliomnesaw <br />Pascual service <br />Licenses <br />RglortN'o.10-282 <br />1&Cansideabonof <br />TranfaofOnSale <br />hraaicahngLiquar <br />License <br />Report No, 10-283. <br />NewBylawsfathe <br />New Btig *n <br />Frcii es' Relief <br />Ammon. Rq=No. <br />10-284. ResolutmNa <br />10-082 <br />RestabadAtticlesof <br />hmparabm&rtbe <br />NewB&ionon <br />Faefghls'Relief <br />Assoaatim Repatlb. <br />10-285. ResohuimNo. <br />10-083 <br />19. Con%daationof <br />Resohrimarreling <br />ft2oloBudge. <br />RgtatNo. 10.28& <br />ResolunonNa 10-084 <br />Public Hearing <br />None <br />Council Business <br />1. Co nidmatiat of <br />Deeelopmat <br />Agteanat <br />RgpatNo, 10-287 <br />Resolution No. 10. <br />088. <br />