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<br />Council Meeting Minutes <br />October 26. 1993 <br /> <br />Page 8 <br /> <br />Council Business. continued <br /> <br />Benke asked the anticipated timeframe for the development phases. Mr. Jensen said <br />the first phase would begin sometime in August 1994, and be completed Spring <br />1995. Benke asked if the phases could be combined. Mr. Jensen feels the schedule <br />could be updated and reviewed during the construction process. <br /> <br />Rebelein feels the Rottlund proposal is a well integrated plan and looks forward to its <br />completion. <br /> <br />Speaking on behalf of Gladys Walbon was her daughter, Gloria. She asked if the <br />proposed townhomes required pilings because her mother's house which is located on <br />the site was built on pilings. Mr. Steffen does not anticipate using piling <br />construction. Benke DOted that the City is aware of some areas which have bad <br />soils, and the plan has been worked around those areas. <br /> <br />Mr. Dahms questioned if seniors are able to live in a two level townhome. Mr. <br />Jensen said the majority of these townhomes consist of living areas on one level, and <br />the upper level bedrooms and baths could be used for guests or other occupants. <br /> <br />Mr. Dahms asked if the current business owners were contacted regarding this <br />agenda item. Hanson acknowledged that the owners have been contacted through the <br />mail and a notice was posted in the Bulletin. <br /> <br />Motion by Williams, seconded by Gunderman, to W AlVE THE READING AND <br />ADOPI'THE RESOLUTION AUTIlORIZING THE CONTRACT FOR <br />PRIVATE REDEVELOPMENT BEtWEEN TIlE CITY OF NEW BRIGHTON <br />AND 11IE ROITLUND COMPANY. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Locke presented the Brost Property Condemnation. <br /> <br />Locke explained that the City entered into an condemnation process for this property <br />earlier this year. The court appointed commissioners reached an award amount <br />which had been reviewed at a recent Council meeting. At that time, Council <br />authorized staff to appeal the award amount. <br /> <br />Rebelein noted disappointed that the redevelopment process was halted, but at this <br />point the price is too high for the property. She recommended that the negotiations <br />be left open if the owners became willing to sell at a better price for the property. <br /> <br />Motion by Rebelein, seconded by Larson, to DISMISS THE BROsr PROPERTY <br />CONDEMNATION ACTION AND REQUFSr THAT THE NEGOTIATION <br />PROCESS BE LEn OPEN. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Finance Director Margaret Egan presented the investment management agreement <br />with Piper Capital Management. The City's basic banking services include investing <br />available cash and reserves in a money market fund. This approach was developed <br />through a partnership with the City and Piper. The City has been satisfied with <br />these services. <br /> <br />Council Business <br /> <br />I <br /> <br />Rotdund Homes <br />Development <br />Agreement <br />Report 93-307 <br />Resolution 93-131 <br /> <br />I <br /> <br />Brost Property <br /> <br />Piper Cash <br />Management <br />Agreement <br />Report 93.303 <br />Resolution 93-128 <br /> <br />I <br />