05-28-2019 Council Packet - Laserfiche WebLink

Home Search

CITY COUNCIL WORK SESSION May 6, 2019 DRAFT 3 house developed. He hoped that it could actually be economical to reuse the farm house 91 but sees now that it wouldn’t save money but would actually cost more. 92 93 Greg Johnson, WSB & Associates, was asked about the possibility of having a well and 94 pumping it to another spot. He explained that there can be significant costs involved as 95 well as the need to have an adequate space between. Council Member Stoesz suggested 96 that it could save the cost of another test well. 97 98 Council Member Manthey suggested that the cost of constructing a new well house with 99 the materials of this older building (fully brick), would be expensive. Mr. Oertel said in 100 either case (reuse or building a new house) it would be a heavy duty building; he noted 101 that are some risks associated with repurposing such an old building (that hasn’t been 102 heated) such as cracking. 103 104 Council Member Manthey asked if there is any additional information that would give 105 him a better view on which option (new or repurpose) is better. Mr. Oertel explained that 106 the older building would be bigger and you have the benefit of saving the property, 107 however, all other benefits such as longevity, efficiency, etc. go to the new building. 108 109 Mayor Reinert asked if Anoka County has a deadline to move on the farm house (since 110 they own the building). Mr. Grochala said he believes the county expects to move in 111 conjunction with the Birch Street project. 112 113 The order of moving forward was reviewed by staff: a) proceeding with a test well if 114 comfortable with the cost of the building; b) regardless, the city could put the well there. 115 116 Council Member Stoesz asked about getting public input on saving the farm house. 117 Mayor Reinert remarked that there’s generally a mixed bag of opinions on this type of 118 question. 119 120 Mayor Reinert said the City should learn more on the well. 121 122 3. Lyngblomsten Tax Increment Financing (TIF) Update – Community 123 Development Director Grochala and Mikaela Huot, BakerTilly, reviewed a PowerPoint 124 presentation providing additional analysis on the project cost and requested need for 125 financial assistance. The presentation included information on: 126 - Updated financial components (application for tax increment financing (TIF), 127 breakout of sources and uses of funding; how tax increment revenues are derived; 128 financing proposed; 129 - Additional project details (elements are Senior Care Campus, Cottages, and 130 Commercial/Retail); illustration of development elements included in tax increment 131 district/plan; estimated values of taxes anticipated; 132 - Results of due diligence and financial review; a maximum of 3.6 million tax 133 increment recommended by staff; 134