07-25-2012 Council Workshop Minutes

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MINUTES CITY COUNCIL JULY 25, 2012 Based on how the redevelopment proceeds, the City would have flexibility with where the Public Works garage is located within the redevelopment area. Keis asked if the City has the resources to assemble the land. The Administrator felt the resources were available through such sources as Country Drive TIF balances, bond issuance fees, and a new TIF District, etc. The Administrator noted that the City would likely be responsible for land assembly and bringing utilities into the site. The Administrator felt the next step would be to meet with McGough and inform them of the availability of the Donovan and Tacheny parcels. He anticipated Industrial -Park (I -P) District development in this area with some light outdoor storage. The Council agreed that the Administrator should proceed with a meeting with McGough. NORTHEAST The Administrator reported that he has been meeting with Gordie Howe REDEVELOP- relative to the redevelopment of the northeast area of the City. He MENT AREA presented the Council with a couple of redevelopment options, one of which consists of lots on one side of a cul -de -sac, and the other lots on both sides. The Administrator reported that Howe prefers the single - loaded street given more lots would have wetland exposure, thus have an increased value. The properties under discussion are 3032, 3038, 3040, and 3046 LaBore Road. The Administrator also presented some TIF analysis scenarios. He also noted that two of these scenarios would incorporate wetland mitigation, which he has discussed with the Watershed. The Administrator reported that from a financial standpoint, the options involving wetland mitigation appears to work better. McGraw questioned allowing wetland mitigation on this project when there are additional tracts of land in this area yet to be developed. The Administrator pointed out that those property owners could also request mitigation. McGraw did not want the City to have an advantage over other property owners in the area. Keis asked about Gordie Howe as the developer for this project. The Administrator noted that Mr. Howe has worked hard on the project and done most of the property owner contacts. He also noted that the proposal would be for the City to essentially develop the land including utilities. The developer would he required to buy back the lots at a stated price (to be determined) on the front end. The Administrator also pointed out that Hanson Builders expressed interest in the project being discussed for 2966 LaBore Road, but was asking for a significant developer profit. It was also noted that there is still the potential that Mr. Howe may not be interested in the project. McGraw asked the value of homes that would potentially be developed. The Administrator estimated homes with wetland exposure in the 5