09/11/1989 Council Minutes (2) - Laserfiche WebLink

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1 1 1 COUNCIL MEETING SEPTEMBER 11, 1989 Accepting Bids for Seal Coating, Resolution No. 66 - 89 - Mr. Volk explained that TKDA had prepared specifications for this improvement and had advertised the bid for this past Friday, September 8, 1989. Only one bid was received. This bid is from Allied Blacktop Company for $43,314.75. Mr. Bohjanen asked if the bid was somewhat lower than anticipated. Mr. Volk said yes, the entire program is somewhat reduced. Mr. Bisel moved to award the bid to Allied Blacktop Company for $43,314.75 and approve Resolution No. 66 -89. Mr. Bohjanen seconded the motion. Motion carried unanimously. PUBLIC HEARING - TAX INCREMENT FINANCE DISTRICT NO. 1 -3 Acting Mayor Reinert opened the public hearing at 7:54 P.M. Mr. Miller told the Council that this district concerns the Ross property at 7990 Lake Drive. This proposal will distribute approximately $200,000 to this property on a "pay as you go" basis. This means that Lino Lakes will not have to issue or sell any bonds for the development and the developer will receive cash in annual installments. Within two weeks three final documents will be delivered to the City, the final TIF plan, the site plan and the guarantee documents. The draft site plans have been reviewed by the P & Z Board and several changes were recommended. The only apparent issue involves the residence to the east of the brick home. The owner of this residence will meet with the developer to work out screening and any other concern. Mr. Miller explained that the proposal for this site is to remove all existing structures on the Ross property as well as the brick home to the east. A retail facility of approximately 21,000 square feet will be built on the site providing retail functions not currently available. The structure will help improve the image of Lino Lakes. The purpose of the public hearing is to take public comments regarding the financing of this development. If there are no adverse concerns, all final documents will be before the Council at the next regular Council meeting. Acting Mayor Reinert asked if there were any comments either for or against the proposal. There were no comments from the audience. Mr. Bohjanen asked if the highway department had been contacted regarding placing a stop light at the intersection of Lake Drive and Main Street. Mr. Miller said that the County has indicated that there will not be a light there for four or five years. Their main concern is obtaining the necessary right -of -way. There was discussion regarding traffic at the Tom Thumb store. Mr. Miller told the Council that the owners of the Tom Thumb property are currently working on a revised plan for egress and ingress to this property.