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<br />Council Meeting Minutes <br />October 12, 1993 <br /> <br />Page 6 <br /> <br />Council Business. continued <br /> <br />Council commended the Historical Society members for their hard work. <br /> <br />The Historical Society thanked the City for their assistance in paving the <br />parking lot. It was noted that the City obtained a quote for paving and <br />curbing the lot for $11,800. <br /> <br />Motion by Gunderman, seconded by Larson, to APPROVE THE <br />EXPENDITURE OF $11,800 FROM CONTINGENCY TO PAVE THE NBAHS <br />DEPOT PARKING LOT AT LONG LAKE REGIONAL PARK; CONCURRENT <br />WITH NBAHS LEASE ON THE PROPERTY WITH RAMSEY COUNTY, THE <br />PARKING LOT WILL BE OPEN FOR GENERAL PUBLIC USE. <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Community Development Director Kevin Locke presented the development <br />agreement with Accurate Components Sales. Accurate proposes to build a <br />30,000 sq. ft. building on Lot 1 in the Brighton Corporate Park. <br /> <br />Locke outlined the development agreement terms: land price of $1.25 per <br />sq. ft.; developer responsible for soil and environmental testing and the City <br />will cover any costs up to $5,000 if soils make it impossible for the project <br />to proceed; project completion by 1/1/95; market value of approximately <br />$900,000; City approval of final building design; City to supply survey, <br />topography and title; and payment schedule of $25,000 at agreement <br />execution, $25,000 at closing, and balance over 7 years. <br /> <br />Locke noted that the environmental and soil conditions analyses have come <br />back positive. One of the six test holes did show some fill which could be <br />a problem during construction, so the development agreement has been <br />modified slightly to include the reimbursement of up to 1/2 of the cost of <br />soil corrections up to a maximum of $5,000 by the City. <br /> <br />Motion by Williams. seconded by Larson, to WAIVE THE READING AND <br />ADOPT THE RESOLUTION APPROVING AND AUTHORIZING THE MAYOR <br />AND CITY MANAGER TO exECUTE A DEVELOPMENT AGREEMENT WITH <br />LRT (ACCURATE COMPONENT SALES). <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Finance Director Margaret Egan presented issues relating to the New <br />Brighton Fire Relief Association. <br /> <br />The Fire Relief Association serves as the retirement system for the City's <br />volunteer firefighters. The Association is an incorporated ~ntity so <br />empowered by the City and State, and is financed by a combination of <br />State Aid, interest income, and an annual City contribution. <br /> <br />The State in its regulatory efforts has recently noticed the City that there is <br />a need to increase the annual contribution. The proposed contribution <br />increase would be about $10,000 per year for the period of 1992-1994. <br /> <br />Council Business <br /> <br />I <br /> <br />Depot Parking Lot <br />Report 93-278 <br /> <br />Accurate <br />Component Sales <br />Development <br />Agreement <br />Report 93-290 <br />Resolution 93-1 24 <br /> <br />I <br /> <br />Fire Relief <br />Association <br />Report 93-291 <br /> <br />I <br />