1986-10-28 - Laserfiche WebLink

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I I I Council Meeting Minutes October 28. 1986 Council Business, continued LeFevere stated the purpose of reordering the agenda was not to create any additional security but, if the project does not go ahead, the city would have a rezoned, somewhat commercial, site and anyone would be permitted to build in that type of zoning. Benke stated a larger parcel would offer more flexibility on the site and would be a more viable site with which to proceed. Gunderman asked if the rezoning could be contingent on the issuance of the Development Agreement; LeFevere stated it could not be and cited precedents. Benke asked if the city could consider conditioning the resolu- tion approving the enlargement of the district; LeFevere stated enlarging the district does not bear on the issue as all other issues could take place with the enlargement taking place in the future. Benke asked if the property should be rezoned before it is subdi- vided; LeFevere stated the rezoning requires the most number of council votes. Brandt questioned the action at the last council meeting; Sinda responded the staff felt it had an agreement but, at the meeting, the developer was not in agreement with staff. Benke stated the financial factor ($470,000) is the same; the difference is that, whereas before the developer would pay the city's administration fee ($225 per month). the final Agreement specifies the administration fee will be paid to the general budget of the city from the increment itself (as opposed to a dlrect payment). Locke stated the percentage of the increment is collected and used, which is standard in other Development Agreements. With regard to rezoning, Schmidt stated the rezoning that is being asked for is because of the acquisition of the church's property which is being acquired because of the size of the building that is being proposed and the developer is paying to acquire that property and will be getting assistance from the city to develop that site. Therefore, Schmidt believes the question of whether or not the city might end up rezoning this property and then not have the project go is not a problem in this case. given the scenario that is created with the purchase of that additional piece of land and the size of the building to be constructed. Schmidt further stated that without our assistance. we would lose the advantage of being able to collect the increments; on the other hand the city would not have to payoff the assistance it is being requested to provide. Page Nine