CCP 05-24-2011 - Laserfiche WebLink

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consideration. Arne Cook suggested in fairness both groups should be given the option to renegotiate, noting this could lengthen the decision making process. Arne Cook stated the financial records have not been requested from either Ryan or Opus, noting both firms have had financials issues, stating there is a risk with either company. Director Fernelius stated Opus has been more direct with city staff regarding their financial condition and records. Mr. Cook stated that it would be best for the EDC to make a recommendation sooner, rather than ask for renegotiations. The consensus of the commission was to recommend Ryan. Motion by Commissioner Beach, seconded by Commissioner Smith that the EDC recommend to the Council that Ryan be designated as developer for the NWQ; now known as New Brighton Exchange. 7 Ayes -0 Nays Motion carried. Chairperson Benke suggested any correspondence be directed to Director Fernelius. Mr. Cook suggested adding a contingency to both agreements. Northwest Quadrant Report Director Fernelius reported the City Council has officially adopted New Brighton Exchange as the new name for the Northwest Quadrant. The new name will be an important part of the marketing effort. Staff plans to work with appropriate advisors on providing copyright protection for the new name and logo. The View Apartment Project Efforts are continuing with the Stuart Companies apartment project. In the last couple of weeks the sides have been working on a side agreement to address the buyer's concerns about a title matter. The developer has until April 26th to complete its due diligence work. In the meantime, the City is working with the developer and their lender to better understand the environmental history. The company plans to close in mid-May and break ground by July 1st. Councilmember Phillips commented it is possible Block G and tract 2 could have a similar issue. Director Fernelius reported the legal counsel advised the City to wait and see. Commissioner Beach questioned if the ground breaking could be pre-empted. Director Fernelius responded the ground breaking will take place as planned. Report from Council Liaison Councilmember Phillips reported the Council recently directed staff to continue discussions regarding the Clearwire tower constructed at Freedom Park. The Council had a question and answer period during the recent Town Hall meeting. Councilmember Phillips reported he would like to provide an opportunity for residents to address the council prior to the start of a regular council meeting. Councilmember Phillips reported the Ramsey County Board has determined the new library will be called the New Brighton Library. Director Fernelius expressed his gratitude to Commissioners Benke and Flahave for their many years of valuable service. Adjournment Motion by Commissioner Benke, seconded by Commissioner Smith to adjourn the meeting. Meeting adjourned at 8:57 am.