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<br />Council Meeting Minutes <br />May 3, 1988 <br /> <br />I <br /> <br />Benke sees no reason not to straighten out the property line. <br /> <br />Gene Rezac, president of Gray Star Corporation, stated the reason <br />for the elimination of the seven units is economics (his lender <br />has recommended the lower the cost, the easier to finance); and <br />has no over-whelming feeling for Scheme 1 or Scheme 2 but, because <br />of poor soils, would prefer Scheme 1. <br /> <br />Mattila indicated the changes (removal of the seven units and the <br />location of the proposed 82-units as related to the park) would be <br />acceptable to the Planning Commission. <br /> <br />Williams stated he was pleased to see the removal of the building <br />which, in the long run, will make for a better integrated project; <br />moving to the north is a good plan for park users. <br /> <br />In response to Gundermanls request, Jim Casserly, fiscal consul- <br />tant, reviewed thecity's involvement and the risk involved and <br />stated the developer is gambling that inflation will drive up the <br />value of his property; and indicated the bulk of money will come <br />in the last two years from taxes. <br /> <br />Mattila stated staff recommends Scheme 2 because of setbacks (30 <br />feet versus 24 feet). <br /> <br />I <br /> <br />Regarding the soil conditions, Hefner stated the further they can <br />twist the building (Scheme 1) the better off they believe it will <br />be (although it will be hard to tell until they start excavating); <br />and stated the intent is to remove the peat (borings show it is 12 <br />feet deep) and replace it with clean fill. <br /> <br />Williams prefers Scheme 21s orientation on the site to Scheme lis; <br />asked if there could be a contingency if soil borings indicate it <br />would be too expensive to construct Scheme 2. <br /> <br />Gunderman indicated he had the same question; Hefner indicated it <br />would be a hard decision. <br /> <br />Brandt stated she had no preference for either Scheme 1 or 2. <br /> <br />Motion by Gunderman, seconded by Larson to WAIVE THE READING AND <br />ADOPT A RESOLUTION APPROVING SP-147 WITH SCHEME 2; AND TO <br /> <br />APPROVE LP-224, SUBJECT TO THE fOLLOWING CONDITIONS: <br /> <br />APPROVAL OF R-132; <br />APPROVAL OF SP-147; <br />VACATION OF THE EASTERLY 30 FEET OF THE FOURTH AVENUE N.W. <br />RIGHT-Of-WAY; <br />APPROVAL OF A PERMIT BY THE RICE CREEK WATERSHED DISTRICT; <br />APPROVAL OF A GRADING PLAN BY THE CITY ENGINEER; <br />PROVISION OF ADDITIONAL LANDSCAPING ALONG EAST SIDE OF BUILD- <br />ING; <br />PROVISION OF fIRE HYDRANT ON PARKING MEDIAN NORTH Of BUILD- <br />ING; <br /> <br /> 1. <br /> 2. <br /> 3. <br />I 4. <br />5. <br />6. <br /> 7. <br /> <br />Page 2 <br />