02/12/1996 Council Minutes - Laserfiche WebLink

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r i CITY COUNCIL MEETING FEBRUARY 12,1996 Trapper's Crossing plat. The developers position is still the same. They are not obligated to pay more than the $250,000.00 toward the reconstruction of 12th Avenue/Holly Drive. Mr. Baylak asked Mr. Heth to give his understanding of the development agreement. Mr. Hawkins said that it would be unfair for Mr. Heth to be asked to say what he feels is fair or unfair. He said Mr. Heth is a member of the staff and the entire staff will sit down and talk about this matter and then go the developer and his counsel with their conclusion. Mr. Baylak said that Mr. Heth is on record supporting the $250,000.00 figure. Mr. Hawkins explained that Mr. Heth is just a consultant and the City has to fall back on the contract that was signed by Mr. Hokanson. Mayor Landers said that the City Council will follow Mr. Hawkins' recommendation. Mayor Landers opened the public hearing at 8:20 P.M. He explained that the City Council will take public input at this time. He asked that only new information be brought forward at this time. Sue Walseth, 1101 Holly Drive - Ms. Walseth said that there are so many unanswered questions and asked the City Council to continue the public hearing to when these questions are resolved. Caroline Dahl, 1101 Holly Court - Ms. Dahl said that if the south half of the development is going to be discussed, she wanted it noted that the August 8, 1994 PDO contains a fencing agreement for adjoining property owners including herself. She asked that this issue also be discussed at the time staff discusses the road issue. This matter was in the original motion and will be discussed. Al DeMotts, 6265 Holly Drive - Mr. DeMotts asked if there will be another public hearing for the development of Phase II. Mr. Hawkins explained that this public hearing covers the entire development of Trapper's Crossing. Mr. DeMotts asked if the road improvement will be considered for both Phases. Does the $250,000.00 cover only the 1st Phase and how will you determine how much money will be required from the developer for Phase II? Mr. Hawkins explained that this matter will be discussed by the staff. Mr. DeMotts asked if the cash escrow has been paid for Phase I or will it be paid before this hearing is closed. Mr. Hawkins explained that the City requires a letter of credit and this letter of credit has to be posted prior to the start of construction. The cash escrow is 35% of the total cost of the improvement for Phase I. Mr. DeMotts questioned the amount of the cash escrow. It was explained that the preliminary estimate was adjusted. Mr. Ahrens asked Mr. DeMotts if he was talking about phasing the construction of the Trapper's Crossing subdivision or phasing of the reconstruction of Holly Drive. Mr. Ahrens noted that the cost sheet that Mr. Hawkins referred to reflects the bid prices received for the public improvements for Trapper's Crossing, Phase I. Mr. DeMotts referred to the development agreement and said the cash escrow figure that he calculated was based on the development agreement figures. Mr. Ahrens explained that the development agreement contains estimated figures. The actual escrow is based on bid prices which are lower than the figures in the development agreement. PAGE 12