06/06/1991 Council Minutes - Laserfiche WebLink

Home Search

1 1 1 COUNCIL WORK SESSION JUNE 6, 1991 and told the Council this matter would be placed in ordinance form and adopted by the Council. The ordinance would then be published and would become effective January 1, 1992 following the 1991 municipal elections as required by law. Council Member Kuether noted that the City is growing and the reason for additional meetings is to deal with the new development. Council Member Neal said that he did not mind the additional meetings and would continue to attend the meetings for nothing. However, he said he did not like the 3:30 P.M. meetings and preferred to meet at 8:00 A.M. or 9:00 A.M. Council Member Bohjanen said he wanted the meetings schedule well ahead of time. He also asked that the ordinance be worded very clearly to indicate that there is a need for the special meeting for development reasons. Council Member Kuether suggested that the rate of compensation be $40.00 per special meeting and asked that the compensation be tied to the need for the extra meetings and also indicate that this is a temporary matter, when the special meetings cease, so does the extra compensation. Discussion Concerning Schilling Industrial Park Mr. Schilling had presented a letter to the City offering to sell to the City the Lino Industrial Park for about $8,300.00 per acre. The Council discussed this letter on May 13, 1991 and asked Mr. Schumacher to offer Mr. Schilling $4,150.00 per acre. Mr. Schilling had responded to the offer saying he was willing to reduce his price, but not to what the City had offered. Mr. Schumacher explained to the Council that it would be advantageous for the City to purchase the Industrial Park. He noted that the City had access to financing such as TIF and MSA funding. In addition, the City could control who could locate in that area. The Council discussed making a counter offer to Mr. Schilling. Council Member Reinert suggested offering $6,500.00 per acre. Council Member Kuether suggested offering $7,500.00 per acre. She also suggested that the interest should be a flat amount, not a percentage. Council Member Kuether also suggested that the City be able to pay off the contract to Mr. Schilling earlier than stated. If the area is fully developed, the Council should have the option of paying off Mr. Schilling earlier. The Council discussed the mechanics of obtaining title to the property but not paying for it. Council Member Kuether suggested a method to implement this. Mr. Schumacher was instructed to contact Mr. Schilling and offer him $6,500.00 per acre, with a seven (7) year contract and a flat PAGE 2 191