1986-04-22 - Laserfiche WebLink

Home Browse Search

I I I Council Meeting Minutes April 22, 1986 Benke asked Proper to stay in communication with Norell as plans for the meetings develop. Locke reviewed staff report requesting the council to exercise the city's rights under the Agreement to begin discussion with other developers about the property within that Tax Increment District #6 for the ten acres southeast of Long Lake Road and 1-694. Given the history of the project and staff reports, Schmidt moved, seconded by Williams, to ADOPT RESOLUTION AUTHORIZING NOTIFICATION OF WATER RIDGE ASSOCIATES OF THE CITY'S ACTIONS UNDER SECTION 10.2C OF THE WATER RIDGE DEVELOPMENT AGREEMENT. 5 Ayes - 0 Nayes, Motion Carried Locke reviewed staff report concerning a 90-day agreement with Winfield Developments, Inc. for property within Tax Increment District #6 for an office development on a 3-1/2 acre site. Jim Winkels, Winfield Developments, Inc., stated he believes the property being discussed has good opportunities for a high- quality office project of approximately 50,000 square feet, which may be built in one or more phases. Winfield is asking for 45 days to make a very thorough and non-biased market study and a second 45 days to negotiate a development agreement with the city. During the 90 day period, Winfield will be doing site planning, designing, and a preliminary financial analysis for the project, the financing being the key to the whole project. Winkels stated that after the 90 days, Winfield's goal would be to complete financing, and all zoning and planning approvals so that construction could begin before February 2, 1987. Rick Martens, Executive Vice President of Winfield Developments, Inc., stated the project represents a good opportunity; reviewed history of Winfield's experience in New Brighton; stated Winfield's history in doing redevelopment sites; believes Winfield can meet the schedule and be in the ground either this year or early in 1987. Motion by Gunderman, seconded by Schmidt, to ADOPT A RESOLUTION AUTHORIZING ENTERING INTO A 90-DAY AGREEMENT WITH WINFIELD DEVEL- OPMENTS, INC. 5 Ayes - 0 Nayes, Motion Carried Benke asked if we should look for proposals on the housing portion of the original project; Locke stated that is his intent as a result of earlier council action this evening. ~ollowing John Kelley's review of the staff report, Brandt asked lf our present fee schedule is equitable, asking if the proposal implies that some establishments are not being treated fairly. Page Five Water Ridge Asso- ciates - Develop- ment Agreement Report 86-95A Resolution 86-35 Letter of Under- standing/Winfield Report 86-96 Resolution 86-36 Liquor-Related Fees Study Report 86-97