10-10-2022 EDA Packet - Laserfiche WebLink

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EDA MINUTES DRAFT 1 DATE : June 13, 2022 1 TIME STARTED : 7:10 p.m. 2 TIME ENDED : 7:30 p.m. 3 MEMBERS PRESENT : EDA Members Rafferty, Stoesz, 4 Cavegn, Ruhland 5 MEMBERS ABSENT : EDA Member Lyden 6 OTHERS PRESENT : Community Development Director 7 Michael Grochala; City Clerk Julie 8 Bartell 9 10 The meeting was called to order at 7:10 p.m. by EDA President Ruhland 11 12 CONSIDERATION OF THE MINUTES OF MAY 23, 2022 13 14 Economic Development Authority (EDA) Member Rafferty moved to approve the 15 minutes of May 2 3, 2022 as presented. EDA Member Cavegn seconded the motion. 16 Motion carried on a voice vote. 17 18 ACTION ITEM 19 20 A) Public Hearing. Consideration of Resolution No. 22-01 Approving Purchase 21 and Development Agreement with Silver Creek Equity, LLC. , Lots 1-3, Outlot B & 22 C, The Village No. 4 23 24 Community Development Director Grochala reviewed the written staff report: 25 - History of Legacy at Woods Edge land, including land sales; 26 - Land use Plan for Legacy at Woods Edge; 27 - Silver Creek Equity is proposing purchase (site noted on map); 28 - Proposing to construction housing, retail and restaurants, generally consistent with 29 the land use plan; 30 - Purchase price noted; earnest payments required; 31 - Closing date proposed; 32 - Development requirements reviewed; 33 - Signage; 34 - Project is generally consistent but approval process ahead. 35 36 EDA Member Rafferty asked about who the developers plan to use for architecture – 37 Tushie Montgomery was noted. 38 39 EDA President Ruhland asked staff about the terms of the earnest money refund and Mr. 40 Grochala noted the time period (120 days). EDA President Ruhland noted that the 41 commercial element is required concurrent with the housing and he wonders how that 42 will be enforced. Mr. Grochala suggested that the building permit process will provide 43 some oversight. Mr. Grochala noted that the restaurant element takes less time to build 44