01-14-09 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JANUARY 14, 2009 Mayor welcomed them to the Commission and thanked them for their willingness to serve. REISSUANCE Mayor Blesener opened the continuation of Public Hearing to consider OF INTERIM the reissuance of an Interim Use Permit allowing aggregate materials USE PERMIT - stockpiling and recycling at 3137 Country Drive, Fra-Dor. FRA-DOR The City Administrator reported that Ehlers & Associates has been doing some financial analysis relative to redevelopment options for the Fra-Dor site. He reviewed two Tax Increment Financing runs showing two difference development scenarios. The first is for three 40,000 square foot buildings which would involve the acquisition of additional properties and the relocation of Ryan Drive. The second is for seven 5,000 square foot buildings which does not involve the relocation of Ryan Drive. The Administrator indicated that there is much less cost and TIF assistance needed with this second proposal, but noted that it may not be the preferred outcome. The Administrator noted that the initial discussions involved the development of a large building on the site as well as the relocation of the existing pond. That option proved to be cost prohibitive. The Administrator noted that there is still a lot to do in planning the redevelopment of this site. There is the question of whether or not the economics will support the redevelopment, and it appears they will. However, given the current economic conditions, timing will be key. The Administrator recommended that an extension be granted on the Interim use permit while redevelopment planning continues. The Administrator reported that more details and research need to be done before an agreement can be drafted. He indicated that it is a tough project, but indicated that both the City and Mr. Frattalone are working cooperatively on a long term plan that allows the site to redevelop. The Administrator noted that at this point, analysis is three-fold. The first option is for the three-larger buildings; the second is for several smaller buildings; and the third is determining how the property could redevelop if the first two options are not feasible, i.e. the use of pylings for building development or reissuance of the interim use permit on along-term basis. Frank Frattalone, Fra-Dor, appeared before the Council and reviewed the history of the Fra-Dor site and his recent application for reissuance of the Interim Use Permit for this property for his stockpiling and recycling business. Frattalone acknowledged the City's desire to clean up Ryan Insurance Park, and noted that he has already done some of it with his purchase of the Groundskeeper property. Frattalone indicated that when he obtained the IUP for Fra-Dor, the plan was for the eventual redevelopment of the site with several smaller buildings. He indicated that that will probably still work. Frattalone noted the surcharging that has 2