06-13-2022 EDA Minutes - Laserfiche WebLink

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