03-12-2014 Council Agenda - Laserfiche WebLink

Home Browse Search

515 Little Canada Road, Little Canada, MN 55117 -1600 (651) 766 -4029 / FAX: (651) 766 -4048 www. ci.li ttle -canad a.mn. us MEMORANDUM MAYOR Bill Blesener COUNCIL Rick Montour John Keis Michael McGraw Shelly Boss ADMINISTRATOR Joel R. Hanson TO: Mayor Blesener and Members of the City Council FROM: Joel Hanson, City Administrator DATE: March 7, 2014 RE: Little Canada Road Malls (Thunder Bay Mall) — Development Agreement - At our last meeting, staff was directed to prepare a development agreement to ensure the proposed improvements occur within the approved time frames. As you will recall, one of the concerns of the expressed by the Developer's representative was for some additional time to complete the landscaping improvements for the property. One of these improvements involved stabilization of the sidewalk along Little Canada Road for a portion of the property's frontage. Staff has not yet had a chance to review this with the Developer, but the concept that may make sense would involve doing the sidewalk work as a public improvement on a cost sharing basis with the developer. Given the sidewalk is in the public right -of -way, we have the legal basis to conduct this as a public improvement project pursuant to Minnesota Statutes Chapter 429. Staff would also propose a 50/50 cost sharing arrangement for this work conditioned upon the Developer's agreement with the following: • Sidewalk work would take place in 2014, possibly in conjunction with the Veterans Memorial project. • The Developer would agree not to appeal the special assessment and will fully cooperate in the improvement process, including granting any easements that may be needed for the sidewalk corrections. We would provide an accurate estimate of the proposed assessment so the Developer knows his potential exposure. • By the City undertaking a public improvement for the sidewalk work, we will have alleviated a significant financial burden (50% of the project costs) and financed the remaining 50% (tentatively proposed at a 5 year term at 4.25% interest) for this portion of the Developer's landscaping proposal. In return for this assistance, we require the developer to complete the remaining landscaping work this year (October 31st) I will attempt to propose this concept to the Developer before Wednesday's meeting and then report back that night. I will also make this offer subject to your approval. If the Council or the Developer does not agree, then a more straightforward agreement will be drafted and some type of financial surety will be needed to guarantee compliance.