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1 <br />1 <br />1 <br />COUNCIL MEETING JUNE 24, 1991 <br />Mayor Bisel asked Mr. Miller and Mr. Schumacher to clarify some <br />matters of concern that were expressed this evening. He noted <br />that it is the policy of the Council to consider large important <br />matter only when the entire Council is present. This evening <br />Council Member Kuether is ill and he will ask the Council to <br />either continue the public hearing until July 8, 1991 or close <br />the public hearing but not take action on the matter until July <br />8, 1991 when the entire Council will be present. <br />Mr. Schumacher explained that the Council has not reviewed or <br />acted upon any part of the Amelia Lake Estates proposal other <br />than to review the concept design. The developer owns the <br />property and he has the right to apply for rezoning of the <br />property and /or plat approval. The developer is required to <br />present a letter of credit for the assessments and will be <br />assessed 100% for all improvements. There will be no tax payers <br />dollars used for this development. The City will bond for the <br />improvements, however the developer will provide a developers <br />agreement which guarantees 100% payment of assessments by the <br />developer. The City will not be using any public dollars on this <br />project. <br />A Tax Increment Financing (TIF) plan hearing will be held on July <br />8, 1991. The TIF plan proposes to use all new tax dollars <br />generated by the subdivision to be re- invested into the site to <br />correct soil conditions and prepare the site for development. <br />Mr. Miller explained that absolutely no tax payers dollars have <br />been used for this project. The developer has posted $12,000.00 <br />in escrow to cover the cost of the planners, engineers and <br />attorneys reviews. <br />Mayor Bisel explained that Mr. Johnson did not receive a notice <br />of the public hearing because his property is more than 350 feet <br />from the area to be rezoned. Although Mr. Johnson's property is <br />within 200 feet of the developer's north boundary, this area is <br />not proposed to be rezoned at this time. This area is planned to <br />be developed into single family homes. <br />Mr. Miller explained that it has never been proposed to build 268 <br />town home units in the Amelia Lake Area. He noted that Mr. <br />Boxrud had completed a report that indicated that was enough <br />capacity in the White Bear Township sanitary sewer for 268 <br />connections in Lino Lakes. Mr. Miller said that the current <br />proposal is to rezone 20 acres of land and build 20 structures <br />which would contain 40 town homes. <br />Mr. Miller explained that the developer is proposing to build <br />town homes selling at about $170,000.00 per unit. This will be <br />written in the PUD agreement and the developer will not be <br />PAGE 8 <br />231 <br />