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<br />I <br /> <br />Council Meeting Minutes <br />October 22, 1985 <br /> <br />Announcements and Updates <br /> <br />Harcus announced he received a notice from the Metropolitan Waste Con- <br />trol Commission regarding a public hearing the first part of November <br />concerning the recommendation from the rate study group. <br /> <br />Sinda announced the Suburban Rate Authority decided to spend up to <br />$50,000 to join with St. Paul and some outstate cities to act against <br />a 15% requested increase in electrical rates by Northern States Power. <br />If they are able to shave off one percent, that would save the public <br />about $15 million. <br /> <br />Winkels stated that, because the City has been working with Coldwell <br />Banker on several projects, Coldwell Banker would like to formalize <br />its role with regard to the lake Trail Motel Site (Welsh Companies). <br />Winkels recommended the authorization of the City Manager and the <br />Mayor to execute a letter agreement with Coldwell Banker, noting the <br />agreement is the standard 8% commission that we have paid on other <br />projects. <br /> <br />I <br /> <br />Harcus felt it could be put on. the next council meeting agenda unless <br />there was some reason for it being done tonight; Janecek and Blomquist <br />concurred. <br /> <br />Harcus questioned the difference in commission rates; Mike Buzar, <br />Coldwell Banker, stated commissions for vacant land are typically <br />between eight and ten percent (8-10%) and for improved property it is <br />between six and seven percent (6-7%) because there are fewer hurdles <br />and less work involved with improved property. Buzar noted that the <br />City of New Brighton and Coldwell Banker have worked on an eight per- <br />cent (8%) commission basis in the past. <br /> <br />Harcus asked for clarification that this agreement is only for the <br />lake Trail Motel site; Buzar confirmed. <br /> <br />Motion by Blomquist, seconded by Harcus, to SUSPEND THE RULES AND CON- <br />SIDER THE COLDWEll BANKER AGREEMENT. <br /> <br />5 Ayes - 0 Nayes, Motion Carried <br /> <br />Schmidt noted the letter is dated October 8, 1985, and asked why it <br />had not been included on the agenda. <br /> <br />I <br /> <br />Winkels responded there was some discussion as to whether or not it <br />was the type of contract that the City could execute under Section <br />472A regulations regarding municipal development districts; City <br />Attorney suggested it be best to have council action, rather than <br />merely having staff sign the agreement. <br /> <br />5 Ayes - 0 Nayes, Motion Carried <br /> <br />Page Ten <br /> <br />Announcements <br /> <br />MWCC Public <br />Hearing <br /> <br />SRA Action <br /> <br />Coldwell Banker <br />Agreement - <br />lake Trail <br />Motel Site <br />