1987-01-13 - Laserfiche WebLink

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I I I Council Meeting Minutes January 13, 1987 Council Business, continued Williams asked if council will see plans prior to May; Parkhill responded affirmatively and noted they have to be seen by the lender. Gunderman asked about variables relative to the two-story option; Parkhill stated he has looked at potentially putting a second story on the building in the southwest corner of the ell with non- retail businesses (either office space or medical insurance). Benke asked about going down; Parkhill saw no problems with a Community Room in a lower level if engineer finds good soils; Benke believed the soils by the railroad tracks may not be good. Gunderman asked if Rice Creek Watershed District approval is a problem on this type of a project; Locke did not believe there would be a problem as the development goes through the process. Williams summarized the history of the site; believes there is no question that a redevelopment project on the site poses more risks to the cit than the kind of projects we have been able to do in the past; believes, along with an investment in city hall, unless the city is willing to use a cautious but wise approach to devel- opment on this site, it's likely not to happen; there are a lot of questions which will continue to be raised; feels fairly confident, given Parkhill's experience and the caution of our staff and con- sultants, the city has the best information it is going to have to move forward on the site. Motion by Williams, seconded by Gunderman, to WAIVE THE READING AND ADOPT A RESOLUTION AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT WITH THE BRIGHTON OAKS SHOPPING CENTER PARTNERSHIP. Schmidt commented that if we really look at how difficult it is to do a true redevelopment project (the costs of preparing the land, relocating tenants, etc. as a project of this magnitude requires), it is important to for us to reflect that all of the development projects we have done in the past and the surpluses that are being generated by those projects through careful plan- ning and approach to development, will now make it possible for us to actually assume the risks, but to minimize those risks as we will with this project, and to be able to carry the city's re- sponsibilities in doing a redevelopment project that most people in the city have been talking about for years but never believed would actually be possible. Schmidt further commented that past staff and council, through their work, have made it possible for us to finance our contribu- tion to this project. 5 Ayes - 0 Nayes, Motion Carried Page Fourteen