1988-05-03 - Laserfiche WebLink

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I I I COUNCIL PROCEEDINGS CITY OF NEW BRIGHTON Pursuant to notice thereof, a special held Tuesday, May 3,1988, at 7:30 p.m. N.W. meeting of the New Brighton City Council was in the municipal building, 803 Fifth Avenue Present: Mayor Benke, Councilmembers Brandt, Gunderman, Larson, and Williams (arrived 4:43 p.m.) Also Present: Henry Sinda, City Manager Kevin Locke, Community Development Director Erny Mattila, City Planner Les Proper, City Engineer Gary Berger, Administrative Assistant Charlie LeFevere, City Attorney Council Business Locke reviewed action taken since the Council Meeting on Tuesday, April 26, 1988: has worked with developer, bond counsel, fiscal counsel, and attorneys. Locke feels they have developed a plan that addresses the concerns by eliminating the seven-unit apartment building, therefore moving the new construction (an 82- unit building) back from the park property substantially from what had been previously proposed. To make that possible, Locke stated the city needs to amend the development agreement to allow for additional up-front tax increment assistance ($191,000.00) which the city would recoup over twelve years by collecting 12 years' of tax increment (the city would then have first rights of payment from the tax increment this project generates). The existing mechanism for site acquisition assistance calls for a payment in ten years of annual payments (which would still remain) but those would only be paid to the extent there was increment available after the city's payments for the $191,000.00 had been made; the security for the city is very high and the developer is taking the risk in exchange for getting the additional assistance up front. John Hefner, architect, reviewed the revised site plans; stated the average setback is more than 30 feet; slightly twisting the building is better as far as soil conditions are concerned; and noted the fire lane is also shared with park. Benke asked if there would be any problems, given the unique shape of the property line near the park; Locke stated both options show a 3D-foot setback from Tenth Street and the intent was to provide that setback on both street sides of the project. (Williams arrived at 4:43 p.m.) Benke expressed concern about the liability of an accident on the property line; Locke stated an ~greement will have to be drawn up for the construction and maintenance. Council Business Gray Siar Corporation LP-224/SP-147 Report 88-134 Resolution 88-44 R-132 Report 88-135 Ordinance 563 Amend Develop- ment Agmt. Report 88-136 Resolution 88-45