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<br />/ <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Council Meeting Minutes <br />April 12. 1994 <br /> <br />Page 11 <br /> <br />Council Business. continued <br /> <br />The development agreement terms include: Cheetah commits to build a minimum <br />6.000 sq. ft. building in phase 1 with an estimated value of $167.000 to be <br />completed by 12/31/94; City provides $27,500 for land writedown following <br />completion of improvements; City provides assistance for phase 2 in the amount of <br />$6.88 per sq. ft for any new building beyond 6.000 sq. ft. in Phase 1 up to <br />$41.280; Phase 2 must be completed by 12/31/96 with an estimllted value of $24 <br />per sq. ft.; and both phase 1 and 2 assistance will only be provided after <br />construction of the respective phase and a certification of completion by the City. <br />Cheetah has agreed to these terms and is prepared to execute the agreement. <br /> <br />This project would be consistent with the existing TIF #16 and is identified in the <br />Hwy 8 Corridor Plan. Assistance in the form of a land writedown. site clearance <br />and site costs are appropriate and consistent with the City's TIP program. <br /> <br />Motion by Gunderman, seconded by Samuelson. to AUl'HORlZE EXECUTION <br />AND DELIVERY OF A CONtRACT FOR PRIVATE REDEVEWPMENT BY <br />AND BETWEEN THE CITY OF NEW BRIGHTON AND MANFRED J. <br />NlEDERNHOEFER. <br /> <br />5 Ayes - 0 Nayes. Motion Carried. <br /> <br />Announcements and Uvdates <br /> <br />The New Brighton Police Officers and Irondale students will face off at a charity <br />basketball game on April 15. <br /> <br />Northwest Youth and Family Services is progressing on the acquiring of the <br />building which will house their new headquarters. <br /> <br />Gunderman on behalf of the Cable Commission thanked Benke for his statement <br />regarding the community cable access issue and a bill which would have allowed <br />U. S. West to enter the cable market without local regulations. <br /> <br />The RCLLG will meet on April 20 in RosevilIe. <br /> <br />Ramsey County invited Council to tour their new courthouse on April 23. <br /> <br />New Brighton is invited to the Tree City Recognition presentation on April 21. <br /> <br />Ad10urnment <br />.--'-............ .. <br /> <br />Motjan'!J'J Williams, s_~,Qnded by Larson, to ADJOURN THE MEEI'ING. <br /> <br />5 Aies - ONay~. Mytt6n Carried. <br /> <br />Meeting was:~~[~u~'at 10:50 p.m. <br /> <br />~~~ <br />'. " ~ <br />/ . '------.- <br />Robert J. B e. Mayor <br /> <br /> <br />AlTEST: <br /> <br />Council Business <br /> <br />Cheetah Precision <br />Dev. Agreement <br />Report 944)4 <br /> <br />Announcements anJ.t <br />Updates <br /> <br />Basketball Game <br /> <br />NWYFS <br /> <br />Cable Commission <br /> <br />RCLLG <br /> <br />Courthouse Tour <br /> <br />Tree City <br /> <br />Adjournment <br />