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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <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 />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: January 19, 1996 <br />RE: Market Place Shopping Center Enhancement Approvals <br />As you know, $200,000 of the Market Place financing package was <br />for enhancement work to the shopping center that would make it <br />more consistent with our redevelopment objectives. The attached <br />drawing indicates the changes proposed by the developers. (A <br />color rendering will be available for Wednesday's meeting.) <br />Also, enclosed is Exhibit "C" to the Acquisition and Construction <br />Loan Agreement. This document provides a listing of the <br />enhancement work contemplated and estimated cost. <br />Our loan agreement requires City approval for work to be <br />undertaken. The developers have indicated they would like to <br />have the work bid and commence construction in the near future in <br />order that they may coordinate it with other activities. <br />Therefore, we need to formalize our approval of their proposed <br />work program. <br />While the proposal is not an exact match with our architectural <br />guidelines, it more than meets the parameters which were <br />discussed at previous workshops. Therefore, I am recommending <br />approval of the enhancement work as submitted by the developers <br />subject to receipt of construction documents meeting with the <br />approval of our Building Official. <br />JRH:kpv <br />Enclosures <br />cc: Greg Schmit, Building Official <br />Bob Grootwassink <br />Page 44 <br />