02/20/2002 Council Minutes - Laserfiche WebLink

Home Search

CITY COUNCIL WORK SESSION FEBRUARY 20, 2002 Mr. Peamon noted he is present as a real estate partner and not a representative for Fairview Hospital. Mr. Beard stated his company primarily does redevelopment work and the firm is located in Hopkins. He stated he has had many meetings with Staff and has come up with a preliminary draft plan. The plan is community -driven and the Beard Group is proposing the City enter into an agreement with them for 90 days to determine if the plan is economically feasible. A draft of the preliminary development agreement was distributed and "Exhibit D" relating to the economic feasibility study was noted. If it is determined that the project is economically feasible, the Beard Group will come back with a development plan based on what has already been done on the project. Mr. Beard indicated he would like to be in the master planning role on the project. There is nothing binding about the agreement and the City can terminate the agreement after 90 days. Community Development Director Grochala stated the C fin• uld review the agreement and more discussion will be held at the next ork Session. Staff is very comfortable with the 90 day agreement and working eard Group. The agreement will give the City a plan to move the pry, ec orward and is a good opportunity for the City. At the end of the 90 days, the City an e'- ate the status of the plan and determine whether or not to take the next step roj ect. Councilmember Carlson noted she is on th-"x airview Regional Healthcare Board and asked Staff to confer with the City Att ding a conflict of interest. Community Development Direct financially involved with the pr Attorney for clarification Mr. Beard stated Councilm agreement. He indicated he have. clarified that Fairview Hospital is not cated he would confer with the City may have many questions when reviewing the 1 come back to answer any questions the Council may Mayor Bergeson asked if the City is free from any previous agreements to enter into an agreement with the Beard Group. Economic Development Assistant Divine stated the City is free to enter into this type of agreement with the Beard Group. The Feffercron Company was hesitant to have a development agreement. The Duffy Company is still very interested in doing the senior housing. Councilmember O'Donnell asked if there would be another waiting period or phase after the 90 days has expired. 2