1986-07-08 - Laserfiche WebLink

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I I I Council Meeting Minutes July 8, 1986 Council Business, continued Green stated he was in agreement with what council had been discussing. LeFevere summarized if council is consistent with the cap (per staff recommendation) the action would be to authorize the execution of the revised Assessment Agreement and the Escrow Agreement by the Mayor and the City Manager, subject to changes (1) to provide supplemental assessment may be against more than 45 lots to be determined by the city according to its normal assessment policy; (2) provision for reducing assessments to actual costs by amendment to apply only to construction costs; and (3) amend language in escrow agreement to delete the differentiation between the two causes so that the engineer could make a draw on the escrow in the case of any settlement, assigning the rights of the city. Proper asked if there was an intent to increase the cost. Schmidt feels we should increase the contingency to provide an additional cushion. Proper suggested levying assessments based on the bids plus ten percent. LeFevere stated if bids are higher than anticipated, council may either end the project or go back to the Seminary; and suggested it would be better to determine a dollar amount. Proper felt the estimate plus twenty percent would be adequate. LeFevere stated the Seminary would not necessarily be the one to get the money back; Schmidt stated it could be Pratt Homes or the individual home owner; LeFevere stated if prepaid, it would be to that person. Attorney for the Seminary, stated the Seminary would be comfortable in signing the agreement and leave the numbers to be determined as the bids plus ten percent. Motion by Schmidt, seconded by Gunderman, to AUTHORIZE EXECUTION OF THE AGREEMENTS AS AMENDED SUBJECT TO FINAL ATTORNEY AND STAFF APPROVAL. 5 Ayes - 0 Nayes, Motion Carried Schmidt stated this is the first year we are to receive revenue from subscribers and we should anticipate that in March of 1987 New Brighton will receive about $27,000 from Group W which is available for cable-related activities. There will be a letter coming that will reinforce the joint powers agreement regarding the spending of the monies. Schmidt further informed council that Continental formed a new company with Hauser; the North Suburban Cable Commission approved the Group W transfer to the consortium of five buyers; and Hauser had asked to buy it from the consortium and that NSCC rejected Page Twelve Cable Update: $27,000