11-13-2002 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL NOVEMBER 13, 2002 THE LODGE Scalze noted a number of action items on the agenda relative to The Lodge AT LITTLE at Little Canada, a 79-unit senior apartment building that contains 14,000 CANADA square feet of first-floor retail space. The first action item relates to the Council's conveyance of the land for the redevelopment area from the City to the Economic Development Authority. The City Administrator noted that the EDA will then do the final land transfer to the developer, Sherman Associates. Mr. Anderson introduced the following resolution and moved its adoption: RESOLUTION NO. 2(/02-11-255-APPROVING THE v)UIT CLAIM DEED TRANSFERRING THE CARDINAL. AND VENETIAN INN PROPERTY FROM THE CITY OF I ITTL E CANADA TO THE ECONOMIC DEVEI OPMENT AUTIIORITYAND AUTHORIZING THE EXECUTION OF THE DEED 73Y THE MAYOR AND CITYADMINISTRATOR The foregoing resolution was duly seconded by Montour. Ayes (3) Anderson, Montour, Scalze. Nays (0). Resolution declared adopted. Scalze noted the need to convene as the Economic Development Authority for the next action items. Mr. Montour inrioduced the following resolution and moved its adoption: RESOLUTION NO. 2002-II-256 - TEMPORARILYAD.IOURNING AS THE CITY COUNCIL. AND CONVENING AS THE ECONOMIC DEVELOPMENT AUTHORITY The foregoing resolution was duly seconded by Scalze. Ayes (3) Montour, Scalze, Anderson. Nays (0). Resolution declared adopted. Scalze opened the Public Hearing regarding the disposition of property relative to The bodge at Little Canada senior housing/retail project. The City Administrator reported that the land involved in this project encompasses the former Venetian property, and a portion of the former Rutzick property that was recently acquired by the City. The Administrator reviewed in detail the terms of the Purchase Agreement for this property. The purchase price is $700,000 that includes $150,000 non-refundable earnest money, $350,000 at closing, and a $200,000 note. The City Attorney noted that this public hearing is being held pursuant to State Statute X469.105 relating to the sale of land by an EDA. The terms and conditions of