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<br />I <br /> <br />I <br /> <br />I <br /> <br />Council Meeting Minutes <br />December 18, 1997 <br /> <br />Page 5 <br /> <br />Council Business. continued <br /> <br />Benke asked residents to occasionally check to see the catch basins are free of debris, <br />and take the initiative to remove debris. It is also important that residents do not dump <br />leaves, grass, or trash in the street. <br /> <br />Proper presented the purchase agreement and construction plans and specifications for <br />the Brighton Corporate Park III Contract #1 (Hypro Pond). The pond would be located <br />on the northeast corner of the Hypro property on 5th Ave. The project includes pond <br />construction, installation of a 36-inch storm sewer inlet, and 12 inch storm sewer outlet. <br />The pond will eliminate an existing flooding problem at the 3rd Ave. and Co. Rd, B-2 <br />intersection, and handle drainage from the DonatelIe facility. <br /> <br />The purchase price and terms are based on a 1.6 acre easement for a price of $131,700, <br />less 24% for construction and engineering costs, That 24% or $25,770 difference will <br />be held in escrow until bids are received. If the bid award is less than that amount, the <br />difference would be owed to Hypro. <br /> <br />The total estimated project cost is $390,258, and funding sources include: $177,890- <br />Mac Gillis and Gibbs land sale proceeds; $25,770 - Hypro; City Stormwater utility fund- <br />$93,299; and Tax Increment Financing - $93,229. <br /> <br />Hypro's attorney is reviewing the contract for possible language modifications, and the <br />agreement should be ready within a few days, Proper suggested that Council approve <br />the agreement contingent upon review by the City Attorney, <br /> <br />Motion by Larson, seconded by Samuelson, to APPROVE THE PURCHASE <br />AGREEMENT WITH HYPRO CORPORATION FOR THE PURCHASE OF THE <br />EASEMENT NEEDED FOR THE STORM WATER STORAGE POND <br />CONTINGENT UPON REVIEW BY THE CITY ATTORNEY; AND APPROVE <br />THE PLANS AND SPECIFICATIONS FOR BRIGHTON CORPORATE PARK <br />III, CONTRACT #1 AND AUTHORIZE THE ADVERTISEMENT FOR BIDS. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Community Development Director Kevin Locke presented the third amendment to the <br />redevelopment agreement with Charles Stark, New Brighton Lumber. <br /> <br />The City entered into an agreement with Stark in 1992 when he built a new lumber <br />facility on 1st St. SW. However, Stark never completed his original development plan, <br />and now is selling the site to Hillcrest Development. <br /> <br />Staff is researching ways to encourage Hillcrest to construct more structures on the site, <br />Because the agreement's deadline is approaching, there is opportunity for modifications <br />and staff is asking authorization to amend the agreement and provide tax increment <br />assistance, <br /> <br />Council Business <br /> <br />Kari Lane and Long <br />Lake Road Flooding <br />Option <br />Report 97-270 <br /> <br />Plans and Specs for <br />Brighton Corporate <br />Park Pond -Hydro <br />Report 97-271 <br /> <br />Amendment to <br />Redevelopment <br />Agreement with <br />Charles Stark <br />Report 97-272 <br />