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HomeMy WebLinkAboutCCMin_84Dec6_SpecialMINUTES SPECIAL CITY COUNCIL MEETING ~ v DECEMBER 6, 1984 A special meeting of the Falcon Heights City Council was called to order at 8:20 P.M. by Mayor Eggert. Mayor Eggert, Councilmembers Ciernia, Baldwin, Hard and Chestovich. Also PRESENT present were Attorney Gasteazoro, Attorney Ippel, and Fiscal Consultant Afelbacher. None. ABSENT Attorney Ippel presented proposed Resolution 84-43 relating to Tax PROPOSED Increment Financing and Industrial Revenue Bonds for development of the DEVELOPMENT southeast corner of Larpenteur and Snelling, together with the develop- ON SE CORNER er's application (Milton Cohen). Mr. Cohen explained that the partner- LARPENTEUR/ ship has not yet been formed, but will consist of himself (75%) and SNELLING his brother Harvey (25%). The property to be developed is at present owned by Property Growth Limited, and purchase of the property will be one of the requirements in the loan agreement. Attorney Ippel stated that there are funds in the State Industrial Revenue Bond Pool for 1984 and although it is past the deadline for application, there is a method by which application can be made at this date. Rich Johnson, Piper, Jaffray and Hopwood, explained that his firm will put up the required one percent fee and enter into an agreement with Mr. Cohen. Fiscal Consultant Apfelbacher presented his letter dated December 6, 1984, regarding Tax Increment Revenue Bonds, and reviewed each item with Council. He explained the difference between Revenue Bonds and General Obligation Bonds, the advantages, and disadvantages of each, and stated that most Tax Increment Financing Bonds have General Obligation backing. Attorney Ippel stressed that issuance of bonds with G/0 backing is less expensive thus allowing more funds for improvements, etc. Mr. Johnson concurred with the Attorney. Eldon Metaxis, owner of the Round Bobbin Sewing Center, located in the building which would be demolished for redevelopment, expressed concern for the merchants now leasing space in the existing building. Mr. Cohen stated that the new building would give an advantage to the merchants as there will be more people entering the new facility. He also assured Mr. Metaxis that the present tenants would be welcome in the facility. Following the discussion, Mayor Eggert moved, seconded by Councilmember Chestovich, that Resolution 84-43 be adopted. Motion carried unanimously. RESOLUTION 84-43 RESOLUTION 84-43 RESOLUTION RELATING TO A PROJECT UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT ACT; GIVING PRELIMINARY APPROVAL TO THE PROJECT AND THE ISSUANCE OF REVENUE BONDS TO FINANCE TIiIS PROJECT, AND CALLING FOR A PUBLIC HEARING THEREON AND GIVING PRELIMINARY APPROVAL TO THE ISSUANCE OF TAX INCREMENT BONDS FOR THE PROJECT BULLSEYE Attorney Gasteazoro informed Council that Bullseye Golf wishes to GOLF REQUESTS install a small paint booth in the municipal liquor store building which TO PLACE PAINT is now being rented by Bullseye, and that she would not recommend allow- BOOTH IN LIQUO STORE BUILDING DENIE MINUTES SPECIAL CITY COUNCIL MEETING ~''` ..!!.. ~~ DECEMBER 6, 1984 PAGE 2 ing construction of the booth, as the City would be liable. Council BULLSEYE directed the Clerk Administrator to draft a letter to Bullseye explain- (cont.) ing that the pafnt booth cannot be installed while the building is still City .property, and that after Bullseye takes over ownership they must apply for a conditional use. Mayor Eggert informed Council that the City of Lauderdale has already held DISCUSSION a public hearing on joint policing with Falcon Heights while Falcon Heights JOINT has not discussed the matter in recent years. Mayor Eggert inquired as to POLICING whether or not Council is interested in such an agreement. Council WITH discussed such items as the impact on Falcon Heights (would it dilute LAUDERDALE the City's coverage), reaction of deputies serving the community, and whether or not the Sheriff's Department is interested in joint policing. Concern was also expressed regarding the increase in policing for Falcon Heights with the developments being presently proposed. Following the discussion, the Clerk Administrator was directed to hold a conference with the .Sheriff's Department and obtain, in writing, the following in- formation: (1) Is the Department interested?, (2) What is their assess- ment of the impact on Falcon Heights?, and (3) Deputies reaction to the matter. Council also requested a five year history of Falcon Heights incidents, a five year history of Lauderdale incidents, impact on the relationship with Roseville, .and results of the Lauderdale public hearing. Council noted a letter dated December 5, 1984 from Attorney Richard T. CLARK'S SUB- Malone, representing Clark Armstead, owner of Clark's Submarine Sand- MARINE NOT wish Shop, indicating he is not interested in selling the property. WILLING TO A copy of the letter is to be mailed to Mr. Cohen. SELL PROP- ERTY Attorney Ippel and Council reviewed the proposed Tax Increment Financing Policy and Application, and noted corrections. Also reviewed was the INDUSTRIAL proposed preliminary agreement. Following the review, Mayor Eggert moved, REVENUE BOND seconded by Councilmember Ciernia, that the Industrial Revenue Bond POLICY AND Policy and Application be approved. Motion carried unanimously. APPLICATION APPROVED Mayor Eggert then moved, seconded by Councilmember Ciernia, that the Tax Increment Financing Policy and Application be approved. Motion TIF POLICY & carried unanimously. APPLICATION APPROVED Information on the policies will be noted in the January newsletter, and presented to the Planning Commission as soon as the final drafts are available. Mayor Eggert recommended, and Attorney Ippel agreed, that the City should CITY TO draw on the remainder of the $10,000 letter of credit provided by Bullseye DRAW ON Golf. REMAINDER OF BULLSEYE Council discussed the percentage to be charged as the administrative fee LETTER OF on the proposed redevelopment of the southeast corner of Larpenteur and CREDIT Snelling. Upon the recommendation of Attorney Ippel, a one percent fee was designated, ADMINISTRATIVE FEE SET AT 1% Mayor Eggert requested that Attorney Ippel present an estimate of funds generated from developments which could be designated for purchase AERIAL TRUCK of an aerial truck for the Fire Department. A discussion ensued regarding DISCUSSION the cost of such a truck, the need for the truck, and amount which MINUTES SPECIAL CITY COUNCIL MEETING DECEMBER 6, 1984 ,~ ¢ '~ PAGE 3 might be generated. Councilmember Ciernia suggested that a consultant be asked to do a needs assessment to determine whether or not an aerial truck is necessary. The Clerk Administrator will contact the State Fire Marshal's office for advice. Mayor Eggert moved, seconded by Councilmember Ciernia, that the City expend CABLE TV up to $300.00 for the purchase of a monitor for use with the Cable TV MONITOR TO character generator, such cost to be reimbursed from the franchise fee. BE OBTAINED Motion carried unanimously. Councilmember Baldwin reported that he and the Mayor attended the Lido Citizen's Group meeting on December 4th, and that at that meeting Planner LIDO CAFE John Uban presented some excellent plans for beautifying the City's UPDATE business area as well as some suggested solutions to the Lido problem. Councilmember Baldwin expressed concern that the Citizens Group was losing track of its purpose. Mayor Eggert moved, seconded by Councilmember Ciernia, that the meeting ADJOURNMENT be adjourned at 10:30 P.M. Motion carried unanimously. 1 ATTEST: /~ ~. Dewan B. Barnes, Clerk Administrator Special City Council Meeting of December 6, 1984 ~~]