06-20-2022 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JUNE 209 2022 Overall the city's storm sewer system continues to work very well and staff are working on plans to address the problem areas. The Public Works Director explained the City had 34 snow events during the 2021-2022 winter where 252 tons of salt was used. The City's snow plow operators do a very good job of minimizing their use of salt, and less salt is used when actual plowing occurs rather than just the small snowfalls where only salt is put down. He reported that there are some pollution rule changes that will require City Code changes, including addressing pet waste. Keis opened the public hearing. There were no comments from the public. Upon motion by Torkelson, seconded by Keis, the public hearing was closed. CONSENT AGENDA Fischer introduced the following resolution and moved its adoption: RESOL UTION NO. 2 022-6-80 — APPR O VING THE CONSENT A GENDA WHICH CONTAINS THE FOLLOWING. - Approval of the Vouchers • Approve Renewal of a Wagon Vendor License for El Taco Nazo at 120 County Road C West • Adopt Ordinance 865, Amending Chapter 602, Prohibition of Certain Open Fires on Balconies The foregoing resolution was duly seconded by Miller. Ayes (5). Nays (0). Resolution adopted. TWIN LAKE BOULEVARD MULTI -FAMILY HOUSING PROJECT TAX INCREMENT FINANCING LOAN AGREEMENT The City Administrator stated that this is the final action item for the Twin Lake Boulevard multi- family housing project. Mikaela Huot, Baker Tilly, stated that the City has agreed to provide financial assistance to Twin Lake Limited Partnership for the construction of a 60-unit multi -family affordable housing project. She explained that the City will provide a loan to the developer using unobligated tax increment revenues from several of its existing Tax Increment Financing (TIF) districts exercising the authorized . provisions of Minnesota Statutes 469.176 Subdivision 4n (temporary use of increment authorized). She noted the Council adopted a spending plan for TIF (redevelopment) District 3-2, TIF (housing) District 3-3 and TIF (renewal & renovation) District 5-1 at the June 8, 2022 City Council meeting after a public hearing to authorize the transfer of the identified $1,000,000 in unobligated funds to be used as a loan for this project. She noted the total development cost for this 60-unit project is $19,522,637. Ms. Huot reviewed the eligible costs that these funds can be used for and the repayment schedule. She noted the funds will only be dispersed after certain conditions are met during construction. She reported there is a personal guarantee from the developer to ensure the project will be completed. 3