10-25-89 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL October 25, 1989 Fahey replied that it was. Krienke asked how much area there would between the new road and his property at 89 W. County Road C. Krienke reported that he has given a 30-foot permanent easement and was concerned about this. Krienke was concerned that the road location was changed, which resulted in his not selling 89 W. County Road C to the developer. Now the City is proposing to rezone the property, which Krienke believed would result in a loss of about $40,000 in value for the land. Krienke pointed out that the City is depriving other property owners of land value as well. Fahey agreed that there was a change in the road location, however stated that there has been no change since day one about the need to rezone the back portion of the County Road C properties to residential. Fahey stated that this is an essential part of making the project work. Fahey also pointed out that increment from both the commercial and residential development will be used to help pay for the road costs. Krienke asked why this development was needed at this time. Fahey pointed out that the development proposal has been under study £or over 18 months. Blesener reported that there have been a number of development proposals, from mini-storage to multiple-housing, before the Council in the past for the Steneroden property. Iona Lane residents have always maintained that the City promised them that this property would develop as residential, and the Council has addressed these concerns with the Boosalis development proposal. Blesener reported that when Mr. Boosalis proposed a second phase for his commercial development on Rice Street, the Council saw the opportunity to ensure that the property adjacent to Iona Lane developed as residential. Blesener also pointed out that TIF dollars from both the commercial and residential developments will be used to write down the cost of the road and help the residents out. Page 14