07-11-01 Council Minutes - Laserfiche WebLink

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MINUTE'S CITY COUNCIL JULY 11, 200] The City Administrator pointed out that the building needs to be completed by January 2, 2002 in order that it is fully assessed. The Administrator noted that if Mr. Biagini cannot perform, there are other developers interested in the property, therefore, there are alternatives to the Biagini project. The Administrator indicated that the City's goal is to work the situation out with Mr. Biagini. However, the City's interests need to be protected. Scalze asked if other developers were seeking TIF assistance. The Administrator replied that they were, but under the concept proposed would be paying a much higher price for the land on the front end. Also, the building proposed would likely generate higher increment. These developers also have a tenant. The Administrator pointed out, however, that he is not sure the alternative project is fully viable since he has not pursued a development agreement. Anderson asked if it would be possible for another developer to step in a get a building constructed by January 1, 2002. "phe Administrator indicated that he has been told this is possible, He pointed out, however, that PUD approvals will be necessary and there may be the need for special meetings to accommodate the tight timeline. Anderson reported that he was uncomfortable with acting this evening as he believes Mr. Biagini has the expectation that the matter will be tabled wztil next wee]<. The City Administrator indicated that he informed Mr. Biagini that unless he could minimize the financial risk to the City, the development agreement would be terminated. The Administrator further reported that he tried to schedule meetings with Mr. Biagini for this week, Mr. Biagini indicated that he could not meet until next week, and the Administrator informed him that that was unacceptable since the matter had to move forward. Fahey suggested that taking the action recommended by the City Administrator will communicate a greater sense of urgency to Mr. Biagini. Fahey pointed out the repeated delays on Mr. Biagini's part and his failure to live up to previous timelines. Fahey felt it was appropriate to move forward as recommended. Montour stated that his hope is that the City can work out the matter with Mr. Biagini. He asked if the judicial action would tie up the property in the court system. The City AdminisUator felt that thejudicial action will eliminate the uncertainty that might exist if the City decides to pursue other development options. However, Mr. Biagini could attempt to tie up the property in a number of scenarios. The Administrator pointed out that if Mr. Biagini cannot 6