04/27/1992 Council Minutes - Laserfiche WebLink

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290 COUNCIL MEETING APRIL 27, 1992 that consultants will have to prepare budgets before any work can be authorized on the plats. Also final plats cannot be presented to the City Council until all contracts and guarantees are in place. Staff will also be required to prepare monthly status reports on all escrow accounts. In the past, developers have been hit with certain bills and wondered where the accumulation has come from during the past two (2) three (3) months. An accounting procedure is being developed so that every month developers will know exactly what is left in their escrow accounts and where money has been paid. Mayor Reinert again said that these are areas presently being addressed and at the end of the six (6) month moratorium period it is hoped that all of these procedures will be fully in place and will be more organized in the development procedure. Mayor Reinert also explained that at the time the moratorium was enacted, he had said that there would be more information regarding economic development in the City. He noted that the Council has moved very expediently in putting economic development in place. An Economic Development Authority Advisory Board has been organized consisting of private citizens with backgrounds in commercial and industrial development and private commercial developers. This Board held its first meeting April 23, 1992. The Council is looking for more of a focus in commercial and industrial development in the City rather than a broad prospective in terms of where we might be going rather than where we should be going. The City took a bold move and acquired the Schilling Industrial Park to further facilitate this effort in economic development. It is felt that this move has stimulated some of the private landowners to come forward to work cooperatively with the City and the private developers. Mayor Reinert explained that plans are being prepared for the construction of Apollo Drive which will be the main thoroughfare of the industrial park. This street will open up the new commercial center. Several items still must be addressed with the adjoining residential property owners. They are well aware that a street will be constructed to open the area for better development. Mayor Reinert said goals and directions have been established for the Lino Lakes Economic Development Authority which is also the City Council. In the area of communications, Council liaisons have been appointed for each major department of the City. It is hoped that this will establish a better line of communications with the City employees. In addition, the City Council holds regular work sessions the Wednesday prior to the Council meeting to allow the Council Members to get fully involved in discussions regarding matters that are facing the City. This forum allows PAGE 4 1 1 1