12-22-2021 Special Council Minutes

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MINUTES OF THE SPECIAL MEETING CITY COUNCIL LITTLE CANADA, MINNESOTA DECEMBER 22, 2021 Pursuant to due call and notice thereof a special meeting of the City Council of Little Canada, Minnesota was convened on the 22nd day of December, 2021 in the Council Chambers of the City Center located at 515 Little Canada Road in said City. Mayor John Keis called the meeting to order at 3:20 p.m. and the following members of the City Council were present at roll call: CITY COUNCIL: Mayor Keis, Council Members McGraw, Fischer and Miller. Absent: Torkelson. ALSO PRESENT: City Administrator Chris Heineman, City Clerk/HR Manager Heidi Heller, City Attorney Pat Kelly and City Attorney Chad Lemmons. PUBLIC COMMENTS Angela Malone, 3282 Hamel Court, stated that based on her experience with these types of housing developments, there will be an influx of traffic into their neighborhood, and said she picks up litter along the road at least once a week and she wants to see that addressed. She stated that many residents use these vacant parcels to access the Vadnais Lake trail systems, and she would like to see the speed limit reduced on the road and a trail installed along the road. CONSIDER PURCHASE AGREEMENT FOR CITY -OWNED TWIN LAKE BOULEVARD Parcel A (PID 313022310001) & Parcel B (PID 313022310002) TO REUTER WALTON DEVELOPMENT, LLC The City Administrator reported that the potential for this project has been discussed for several months and the formal application was made in November. The Planning Commission and City Council reviewed the draft site plan and approved rezoning the properties to R-3, High Density Residential. He noted that a Comprehensive Plan amendment will also need to be approved by the Metropolitan Council since the property is currently guided as medium density residential in the City's Comprehensive Plan and will need to be changed to high density residential. The City Administrator explained that the developer is applying for Minnesota Housing Tax Credits to help finance the project. He stated that the last piece for their bonding application is approval of a purchase agreement for the city to sell the parcels to the developer. He explained that the purchase price_ is $480,000, which is the Ramsey County assessed market rate value of the land. He stated that since there is currently a funding gap, city staff determined that the city would sell the property for the market rate value. Fischer stated this developer has done many developments in the metro area using a variety of funds, but he wants to make sure that if the developer does not get their funding or the project falls through, the land either reverts back to the city or the city can buy the land back. City Attorney Lemmons stated there is a cancellation clause in Section 22 that cancels the agreement 30 days after