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Council Meeting Minutes Page 11
<br />" January 25, 1994
<br />Council Business, continued Council Business
<br />Community Development Director Kevin Locke presented for consideration the Cheetah Precision
<br />preparation of a development agreement with Cheetah Precision. Development
<br />_ Agreement
<br />The site is within T]F District #16 and is identified in the Highway 8 Corridor Plan Report 94-024
<br />as site #12: _ Because. the cost of acquisition, clearance and site improvement will be
<br />high; Cheetah is asking for tax increment assistance from the Ciry. The expansion
<br />is consistent with the plan and TIF assistance would be allowable.
<br />The proposed terms- involve: constructing a 6,000 sq. ft. building in Phase 1 with
<br />an estimate market value of $167,000; Phase 1 completion by December 31, 1994;.
<br />City provides $27,500 in assistance; City provides assistance for Phase 2 in the
<br />amount of $6.88 per sq. ft. beyond the origina16,000 sq. R. up to a maximum of
<br />$41,280; Phase 2 completion by December 31, .1996 with a minimum market value
<br />of $24/sq. ft.; and assistance will be provided after construction completion:
<br />Cheetah agrees to the proposed terms and are acceptable to the Ciry. Cheetah is,
<br />prepared to make a $2,500 deposit to cover the cost to prepare a development
<br />agreement. Cheetah `would like to begin constructionthis- spring `" -
<br />Locke confirmed that the payback period for the asststance is 13 years .. _ _ X`" ;.
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<br />Motion by Williams,, seconded by Samuelson, to;AiTI'HORIZE AND DIRECT ,
<br />STAFF TO HAVE PItEPARE~A DEVELOPMENT.`AGREEMENT BY` AND ;
<br />BETWEEN THE CITY AND. CHEETAH PRECISION. ~ " ' ~ .
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<br />4 Ayes - 0 Nayes, Motion Carned
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<br />Williams would like a tour of the new facility after completion ~ - ' ~ ` _
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<br />Manila presented the site plan review and setback variance for Northco -Accurate . ~ Accurate Components
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<br />.. Components Sales... Site Plan
<br />_ ~ ...: _.. ~. _ Re rt 94-026
<br />The site plan complies with I-2 and parking standards, expect for a portion of the Resolution 94-015
<br />_ east parking lot which requires a 25 ft. setback variance. ;The revised site ,plan _~_- .
<br />locates the two parking lots 20 ft. further back from'tlie 2nd St.`right-0f-way andT~
<br />.brings it into compliance However,) a portion of the easterly. parking lot,would be _
<br />located 15 ft. from the bulb of the 2nd St.. right-of-way and requires a 25 ft. setback "~
<br />-. variance= The increased right-of:way azea needed to accommodate the bulb creates _ -. -
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<br />the need for the vaziance. The unique circumstance is the irregular configuration"
<br />created by the bulb on the southwest corner of the Iot. The City previously allowed -
<br />a similar; variance to the neighboring Health. One site.
<br />The westerly parking lot is proposed to be setback 20 ft. from the 5th Ave. nght-of ` __ '
<br />way. The reduced setback could be allowed by special permission from the Council ; ~~~ ; ,~ ~ ;`
<br />as part of the site plan approval process. Considering the larger 5th Ave..setbacks~, ;
<br />for U5 Tire, Hypro, and Printcraft, staff felt a similar setback should be main~aine¢ ; . i ; _ ,
<br />for the site. However; the site will allow fora 13 ft. wide green azea betu-een~ the ~ . ' . ,
<br />building and parkuig area maddition to the 20 ft: setback along 5th Ave. which will ~ `
<br />soften the proposed uses and right-of-way. _ ~ %:1 j' ~; ,~ ;,<:
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