10-27-99 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL OCTOBER 27, 1999 The Administrator pointed out there has recently been inquiry about a four-lane road (the feasibility report is based on a two-lane road with turn lanes). He indicated that he had concerns about the right-of-way required for four lanes and the financial implications. The City Engineer has reviewed this and indicated the possibility of reconstructing Little Canada Road and retaining the two-lane structure. However, there are questions that need to be answered related to traffic to make this decision. Scalze pointed out that Rice Street was not four lanes wide and questioned the need for four lanes on Little Canada Road. Fahey felt four lanes were not needed. Morelan indicated there may not be the need for four lanes, but felt the issue needed to be looked at in more detail. Y2K The City Administrator reported that the League of MN Cities Insurance INSURANCE Trust is offering expanded coverage for claims that may result a~ainst COVERAGE the City related to Y2K issues. The Administrator felt that the additional insurance coverage was not necessary. Council took no action on this matter. GOODYEAR The City Administrator reported that RJ Marco Construction is proposing TIRE an amendment to the development a~reement for the Goodyear Tire Store DEVELOPMENT project which would address the cost of soil corrections on the property. PROJECT The Administrator recommended that staff be directed to prepare this amendment for Council consideration. The Administrator indicated that another issue related to this project is that the purchase agreement that the City has with North Wild indicates a closing date of October 15°i but also requires that North Wild be able to deliver warranty deeds for the property. There is a quiet title action required for the pond property which is currently underway, but will take some time to resolve. The Administrator reported that the City has planned to assign its purchase agreement to RJ Marco, which will keep the City out of the chain of title for this property. ILT Marco has indicated that they are not interested in closing on the property until warranty deeds can be delivered. North Wild would like to close on the property and have offered to escrow funds to address the quiet title action. Fahey indicated that a quiet title action could take some time, and asked if a 60-days was a reasonable estimate of the amount of time such an action could take. Is