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<br />Council Minutes <br />March 26, 1985 <br /> <br />I <br /> <br />Proper had nothing further to add to the staff report concern- <br />ing the water tanks painting bid. <br /> <br />Motion by Blomquist, seconded by Harcus, to AWARD THE BID FOR <br />PAINTING THE CITY WATER STORAGE TANKS TO TENYER COATING, INC. <br />IN THE AMOUNT OF $96,616.00. <br /> <br />5 Ayes - 0 Nayes, Motion Carried <br /> <br />Krueger reviewed staff report concerning the final approvals <br />required for Water Ridge Plaza. Krueger noted that all of <br />the required information for final approvals had been sub- <br />mitted and the Comprehensive Plan amendment which rezones <br />properties south of Tenth Street has been reviewed and <br />approved by the Metropolitan Council. The Planning Commis- <br />sion is recommending that the council approve the final PRO, <br />the final plat, and the final site plans. <br /> <br />I <br /> <br />Krueger explained the options are to (1) continue all of these <br />actions until the Development Agreement has been approved or <br />(2) approve the PRO, the plat, and the site plan subject to <br />approval of Tax Increment District #6, subject to approval of <br />the rezoning, and subject to the approval of the Development <br />Agreement. Krueger commented that, as Mr. Svee noted earlier, <br />Mr. Svee's investors are looking at the project receiving <br />approvals in terms of the buildings on the site plan and that <br />those approvals, subject to the items indicated previously, <br />may be of benefit to him in securing the financing. <br /> <br />Schmidt asked, if the approvals were to be given and then the <br />tax increment financing and rezoning do not occur because the <br />financing is not in place and the Letter of Credit is not <br />produced, if the city would be back to where it was before <br />the project was proposed and then nothing would proceed. <br />Krueger confirmed his statement. <br /> <br />Mr. Svee indicated he would like to keep moving with the <br />project and would appreciate having as many steps as possible <br />approved at this time. <br /> <br />Motion by Schmidt seconded by Harcus, to: <br /> <br />I <br /> <br />INDICATE FINAL PRD-40 IS IN SUBSTANTIAL COMPLIANCE WITH THE <br />APPROVED PRELIMINARY PLAN AND TO APPROVE FINAL PRD-40, SUB- <br />JECT TO ALL CONDITIONS OF COUNCIL RESOLUTION 84-124; and <br />APPROVE PL-138 SUBJECT TO ALL CONDITIONS OF COUNCIL RESOLU- <br />TION 84-125; and <br />APPROVE LP-160 and LP-161 SUBJECT TO THE FOLLOWING CONDITIONS: <br /> <br />page Six <br /> <br />Water Storage Tanks <br />- Bids for Repaint <br />i ng <br />Report 85-80 <br /> <br />Water Ridge Plaza <br />- Final Approval <br />R-126, PRD-40, <br />PL-138, LP-160, <br />LP-161 <br />Report 85...81 <br />