10/05/1998 Park Board Packet - Laserfiche WebLink

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COUNCIL MINUTES June 8, 1998 n COMMUNITY DEVELOPMENT REPORT,BRIAN WESSEL/MARY KAY WYLAND Consideration of Final Plat,Behm's Century Farms,4th Addition (4/5th Vote) -Ms. Wyland stated that the preliminary plat for Behm's Century Farms 4th Addition was approved by the Council in July, 1997. At that time the City also received approval from the Metropolitan Council to allow the use of the Interim MUSA Reserve on Behm's 3rd, 4th, 5th, and 6th Additions. The Council authorized the MUSA expansion into this area in February, 1997. The net acreage required for this Final Plat is 10.46 acres leaving a balance of 72.31 acres of Interim MUSA Reserve. Ms. Wyland said that this addition to Behm's Century Farms includes three(3) cul-de-sacs. One cul-de-sac off Lilac Street and two(2)off a"to be constructed"roadway formerly known as Laurie Avenue. The property has been graded,permits received from the RCWD, a development agreement and financial guarantees posted, and the title work reviewed and approved by the City Attorney. Utilities are being extended down Lilac Street to serve the new development which will consist of 28 single family lots. Staff recommends approval of Behm's Century Farms, 4th Addition final plat and the allocation of 10.46 net acres of Interim MUSA Reserve. Mayor Sullivan asked the City Attorney if there are any legal implications if the MUSA was not approved. Mr. Hawkins stated that if the MUSA is not approved the final plat would not go through. Ms. Wyland stated that a condition of the final plat was MUSA approval. The MUSA has been allocated from the MUSA Reserve. Council did approve the request to the Metropolitan Council for the MUSA Reserve. Council Member Bergeson moved to approve the allocation of 10.46 net acres of Interim MUSA Reserve,as presented. Council Member Neal seconded the motion. Motion carried with Council Member Lyden voting no. Council Member Bergeson moved to approve the final plat, Behm's Century Farms 4th Addition, as presented. Council Member Neal seconded the motion. Motion carried with Council Member Lyden voting no. Consideration of Resolution No. 98 - 81,Authorizing the Issuance and Sale of$3,000.000.00 Industrial Development Revenue Bonds (Molin Concrete) - Mr. Wessel stated that the Council held a public hearing on April 27, 1998, for the consideration of a proposal to issue $3.4 million in industrial revenue bonds for the construction and equipping of an approximately 16,000 square foot building and construction of an additional 1,600 square foot building for Molin Concrete. The actual issuance and sale of the bonds was delayed while Molin Concrete reapplied for tax exempt bonds. Molin Concrete was successful in obtaining $3 million in tax exempt bonds in this round of applications. 4