08-11-1999 Council Agenda - Laserfiche WebLink

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MJNIJTES CITY COUNCIL JULY 28, 1999 The City Administrator indicated that he will have the City Planner prepare a report on this issue for the next Council meeting. It was noted thatthe City Planner would not typically be at the first meeting of the month, and his report will be in written format. Fahey agreed that the Council needs to determine if the current parking requirements are out -of -line. Roger Stanke, property owner in Ryan Industrial Park, informed the Council that Art Ryan constructed the buildings first before they were sold to particular tenants. Therefore, parking areas were developed prior to the use of the building being known. Scalze agreed, but pointed out at the time there was one tenant to a building. Now there are multiple tenants in each buildings resulting in inadequate parking. Council will discuss this issue further at its August 11th meeting. BIAGINI The City Administrator reviewed the proposed Development Agreement DEVELOPMENT with Dick Biagini for development of an office building on Country Drive. AGREEMENT The Administrator reviewed several modifications to the Agreement as a result of discussions with Mr. Biagini. The first relate to the 111± standard that there be the creation of new jobs as a result of the development. The Administrator indicated that the development will result in new jobs. However, these will be created by C.I. Title, a tenant of the building, rather than Mr. Biagini. Since Mr. Biagini does not control this factor, it is being recommended that the standard be decreased from 20 new jobs to 5. C.I. Title is anticipating the creation of 40 new jobs. Another provision was added to the Agreement providing for release of Mr. Biagini from the Development Agreement should he not be able to obtain mortgage financing. This provision does require reimbursement of the City's out -of- pocket expenses. Scalze asked if the City has obtained the appraisal on the Precision Tree property. The City Administrator reported that he was told of the figure yesterday, but has not received the appraisal report. Another issue to be addressed by the Development Agreement relates to substantial completion of the project and conveyance of title to the developer of additional Phase I property.. The wording in this provision has been revised so that substantial completion will not include the parking lot given that eminent domain may be necessary to acquire the Page 54