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

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COUNCIL MEETING SEPTEMBER 11, 1989 Mr. Bisel moved to close the public hearing at 8:05 P.M. Mr. Neal seconded the motion. Motion carried unanimously. PUBLIC HEARING - TAX INCREMENT FINANCE DISTRICT NO. 1 -4 Acting Mayor Reinert opened the public hearing at 8:05 P.M. Mr. Miller explained that this district involves the manufactures mall planned for the northeast quadrant of Lake Drive and I35W. He noted a setback in timing explaining that originally the developers had planned to start construction this fall. The current plans are to start construction as soon as the weather permits in the spring. The concern facing the City is extension of utilities to the site and obtaining financial assurances from the landowner. The TIF attorney has recommended that the City obtain an agreement from the property owner guaranteeing payment of construction costs for utilities in the event that the mall is not built. The landowner has not been willing to provide this guarantee. In addition, the City does not have enough information from the developer for the City's fiscal consultant. Mr. Miller recommended that the Council open the public hearing and then close the hearing until such time that all the details are available. He will be back before the Council to ask that another public hearing be set. Acting Mayor Reinert asked Mr. Miller if it would be possible for the landowner and the developer to get together and guarantee the cost of utility installation. Mr. Miller said this was possible, but told the Council he felt the City should be very cautious about extending utilities if they were not willing to guarantee payment of the cost. Mr. Schumacher recommended that any further action by the City Engineer cease until the status of the project is determined. Mr. Bisel moved to close the public hearing at 8:12 P.M. and not take public comment until all information is present and another public hearing is called. Mr. Bohjanen seconded the motion. Motion carried unanimously. It was the opinion of the Council that the City does not want to continue with additional engineering work or expense at this time. PUBLIC HEARING - VACATION OF PORTION OF EASEMENT FOR DRAINAGE DITCH, 140 MARVY STREET, RESOLUTION NO. 61 - 89 Acting Mayor Reinert opened the public hearing at 8:14 P.M. Mr. Stahlberg explained that the owner of this property has requested that the ditch be re- aligned so that he can make better use of the land. He explained that the current easement would have to be vacated and another easement would be given by the landowner. Mr. Stahlberg showed the property and the suggested alignment on the overhead