08-03-05 Council Special Minutes

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Keis questioned the parking allocation for Parcels One and Two. It was noted that Parcel One needs to be constructed as it is the key component to the commercial portion of the redevelopment. Parcel Two will be evaluated at the time a specific proposal is presented. The City Administrator noted that Mr. Sherman is aware of the City's parking requirements and their impact on his construction program. LaValle introduced the following resolution and moved its adoption: RESOLUTION NO. 2005-8-]I -APPROVING THE FIRST AMENDMENT TO THE DEVELOPMENT AGREEMENT FOR THE VILLAGE AT LITTLE CANADA AND AUTHORIZING THE PRESIDENT AND THE SECRETARY TO EXECUTE ON BEHALF OF THE ECONOMIC DEVELOPMENT AUTHORITY The foregoing resolution was duly seconded by Allan. Ayes (5). Nays (0). Resolution declared adopted. The next document reviewed was an Amendment to the Purchase Agreement and Right of Entry Agreement for The Village at Little Canada affecting Parcels One and Two. These revisions allow for the developer to construct all parking, access, and utilities necessary for Parcels One and Two. IC will also require the developer to maintain Che unimproved portion of Parcel Two in an aesthetically pleasing manner. Lastly, Che Right of Entry Agreement will allow the developer to commence contamination clean up activities on Parcel One prior to closing on the parcel. It was noted that this work will commence next week, and Frattalone Companies is the contractor. LaValle introduced the following resolution and moved its adoption: RESOLUTION NO. 2005-8-12 -APPROVING THE AMENDMENT TO THE PURCHASE AGREEMENT AND THE RIGHT OF ENTRY AGREEMENT FOR THE VILLAGE AT LITTLE CANADA AND AUTHORIZING THE PRESIDENT AND SECRETARY TO EXECUTE THESE AGREEMENTS OF BEHALF OF THE ECONOMIC DEVELOPMENT AUTHORITY The foregoing resolution was duly seconded by Allan. Ayes (5). Nays (0). Resolution declared adopted.