12-02-97 Council Special Minutes (2)

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MINUTES OF THE WORKSHOP ME~TING CITY COUNCIL LITTLE CANADA, MINNESOTA DECEMBER 17,1997 Pursuant to due call and notice thereof a workshop meeting of the City Council of Little Canada, Minnesota was held on the 17'~' day of December, 1997 in the Council Chambers of the City Center located at 515 Little Canada Road in said City. Mayor Michael I. Fahey called the meetin~ to order at 6:30 P.M. and the following members of the City Council were present at roll call: CITY COLTNCIL: Mayor Mr. Michael I. Fahey Council Member Mr. Steve Morelan Council Member Mr. Jim LaValle Council Member Mr. Bob Pedersen Council Member Mrs. Beverly Scalze ALSO PRESENT: City Administrator Mr. Joel R. Hanson Planning Comm. Mr. Gene DeLonais Ehlers & Assoc. Mr. Rusty Fifield Market Place Mr. Bob Grootwassink Market Place Mr. Mark Hotzler The Venetian Inn Mr. Jim Vitale Deputy Clerk Mrs. Kathy Glanzer RICE STREET/ The purpose of this evenin~'s workshop meeting is to review issues LITTLE related to the Rice Street/Little Canada Road redevelopment project. CANADA The City Administrator reviewed in detail his memo dated December ROAD 12, 1997 which outlines a number of issues impacting the financial REDEVELOP- feasibility of the project as well as other variables which could MENT negatively impact the project. This review included an analysis of the cash flow for the project as well as a schematic design for the proposed theater development as well as other spin-off development for the area. Fahey noted that the schematic suggested the theater location in the northeast corner of the redevelopment area, adjacent to the Market Place Shopping Center. This would leave properties south of Little Canada Road as a second phase of the redevelopment project.