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I I I Council Meeting Minutes July 13, 1993 Page 13 Council Business. continued The notes will be secured by a mortgage and personal guarantees from Ordway. If Stoney Lake Properties fails to meet the obligations, the site reverts back to the City. Stoney Lake will pay special assessments for the streetscape improvements along both 5th Avenue and 10th St. John Ordway said he is looking forward to beginning the project. Benke noted that the City is anxiously awaiting the completion of the project. Motion by Rebelein, seconded by Larson, to WAIVE THE READING AND ADOPT THE RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR PRIVATE REDEVELOPMENT BY AND BETWEEN THE CITY OF NEW BRIGHTON AND STONY LAKE PROPERTIES, INC. 4 Ayes - 0 Nayes, Motion Carried. Childs presented a petition regarding restricted parking on Mississippi Street. A petition was received from residents of the very east end of Mississippi St. adjacent to Rice Creek and Long Lake Park. They have concerns with excessive parking problems along the street by park users. Ramsey County does not consider this to be a park entrance, and persons entering the park should use the Park's parking facilities. The County has no objections to any City effort to discourage park users from parking on Mississippi St. Also discussed was the use of the north side of Mississippi St. for some distance as part of the trail system rather than acquiring right- of-way from the railroad and construction a trail adjacent to the street. Consideration would be to approve a no parking zone on the north side of Mississippi St. and allow parking on the south side of Mississippi St. from the cui de sac to Lakebrook by permit only. Each resident along the zone would be issued rear view mirror hangers to be used as needed. The responsibility to display the hangers is the property owners and the Police would be instructed to issue a citation to vehicles without a hanger. Larson added that the County as agreed to install a sign at the corner of Mississippi St. and Long Lake Road stating that vehicle parking for Long Lake Park should be done at the park's parking facilities. Motion by Williams, seconded by Benke, to APPROVE A NO PARKING ZONE ON THE NORTH SIDE OF MISSISSIPPI STREET FROM THE INTERSECTION OF LAKEBROOK DRIVE EASTWARD TO THE CUL-DE-SAC AND THE APPROVE PARKING BY PERMIT ONLY ON THE SOUTH SIDe OF MISSISSIPPI STREET FROM LAKEBROOK DRIVE EASTWARD TO THE CUL- OE:-SAC: AND DIRECT THE POLICE CHIEF TO PREPARE AND ISSUE THE APPROPRIATE PERMITS TO THE ADJACENT HOMEOWNERS. 4 Ayes - 0 Nayes. Motion Carried. Council Business Ordway Development Agreement Report 93-199 Mississippi St. Restricted Parking Report 93-200