06-11-08 Council Agenda - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL JUNE 8, 1999 THERESA BELLO & KATIE KRAMARCZUK DAY FRA -DOR DEVELOPMENT AGREEMENT & LICENSE FEE ORDINANCE In honor of the receipt of the Girl Scout Silver Award, Mayor Fahey and Members of the City Council declared Tuesday, June 8, 1999 as Theresa Bellow and Katie Kramarczuk Day in the City of Little Canada. Mayor Fahey and the Council congratulated Theresa and Katie on their accomplishment. Mayor Fahey opened the public hearing to consider the Interim Use Permit for aggregate materials stockpiling and recycling at Fra -Dor located at 3137 Country Drive. The City Administrator reviewed the fourth amendment of the Frattalone Development Agreement which addresses the terms and conditions for the aggregate materials stockpiling and recycling as an interim use. The Administrator noted that the amendment as proposed would require the posting of a $500,000 bond over the ten -year period the interim use would be allowed. This bond would ensure that stockpiles would be removed and the property restored at the expiration of the interim use. Fahey questioned the necessity of requiring that the full $500,000 be posted over the entire ten -year period. Morelan asked how the $500,000 figure was arrived at. The Administrator reported that Frattalone estimated the cost of removal of the stockpiles at $320,000. Given that removal would be ten years out, the estimate was increased to $500,000. The Administrator indicated that he and Frattalone discussed the option of posting a smaller bond during the initial years of the interim use permit, with that amount to increase at perhaps the 8 -year mark. Morelan asked if there was discussion about shortening the term of the interim use permit. The Administrator replied that there was not given that the ten -year term was a key issue in earlier discussions. Frattalone agreed that the time period for the interim use permit was a key issue and indicated that he is agreeable to a ten -year time period. However, he did have a concern with posting a $500,000 bond for the entire ten -year period, pointing out that this ties up $500,000 of his bondability over the next ten years. Frattalone suggested a $200,000 bond now with the amount to increase to $500,000 at year 8. Frattalone pointed out that the bond will be critical later in the term of the interim use period. The Administrator pointed out that if the bond amount is not increased at year 8, the City could pull the interim permit. However, it would then be faced with the cost of removal of the stockpiles and the $200,000 bond 2 43