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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(651) 484 -2177 / FAX: (651) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: March 15, 1999 <br />RE: Rice Street/Little Canada Road Redevelopment Update <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R Hanson <br />On March 11th, we met with the developers relative to the south site of the Rice Street/Little <br />Canada Road area. The issues discussed were as follows: <br />• City clarified our desire to have this be a "pay as you go" project. <br />• The developer should handle land assembly with eminent domain being used only as a <br />last resort. <br />♦ There will be special assessments associated with reconstruction of Little Canada Road. <br />♦ Little Canada Road is not slated for reconstruction until 2000, with the possibility of <br />moving it up should they acquire a necessary right -of -way for us. <br />♦ TIF generation based on their estimates is not adequate to meet their desired needs. <br />♦ The theater component needs to be locked up within the next few weeks to keep the <br />City's interest in this project. <br />We will continue to work on this matter over the next couple of weeks. Our goal is to have the <br />developers present at our workshop on April 14th at which time they will present you with a <br />detailed update on the project status. <br />JRH:kpp <br />cc: Gary Collyard <br />Ron Christenson <br />Joe Vitale <br />Sherman Rutzik <br />Page 159 <br />