08/20/2003 Council Minutes - Laserfiche WebLink

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CITY COUNCIL WORK SESSION AUGUST 20, 2003 APPROVED 1 Ms. Barbara Bor advised an information packet was distributed regarding the Open • 2 World Leadership Program. She indicated she has been asked through her affiliations to 3 host a group of Russians this fall as part of an Open World Leadership Program. 4 5 Ms. Bor continued stating she has been asked to facilitate experiences regarding our form 6 of government and also free enterprise and healthcare provision and resources. She 7 referred to a copy of the itinerary included in the packet and asked the City Council to 8 take part and meet with the group. She stated she believes they will be here the third 9 week in October. She asked the Council to review the packet and noted the press would 10 be involved. 11 12 It was the consensus of the Council that the City should participate in the program. The 13 Council asked Ms. Bor to work with the Administration Director regarding the details. 14 15 VILLAGE PURCHASE AGREEMENT (CITY PROPERTY), MICHAEL 16 GROCHALA AND MARY DIVINE 17 18 Economic Development Assistant Divine advised the Hartford Group, Inc. (Legacy 19 Holdings Lino Lakes, LLC) wishes to enter into a purchase agreement with the City of 20 Lino Lakes for approximately 11 acres of city -owned property as part of the Weeds Edge 21 development (formerly called the Village). The developer is proposing a mixed-use 22 development consisting of retail, office, for -sale townhomes, rental townhomes, senior 23 apartments and condos. 24 •25 Economic Development Assistant Divine reviewed the major components of the purchase 26 agreement noting the agreement is fairly standard. She indicated staff has been working 27 through a number of city and developer responsibilities and schedules for completion of 28 the approvals and a construction start of Spring 2004. 29 30 Councilmember O'Donnell inquired about the City financial assistance within the 31 agreement. He asked if there are any commitments as far as the amount of assistance. 32 Economic Development Assistant Divine advised there are no minimums or 33 commitments in the agreement. The financial assistance from the City will be 34 determined at some point in the future. 35 36 Councilmember Carlson asked how the purchase price of $4.50 per square foot compares 37 to how the City is carrying the property on the books. Community Development Director 38 Grochala stated staff looked at all the City costs related to the property to determine the 39 price. The purchase price will make the City whole. He noted Legacy Holdings Lino 40 Lakes, LLC, is a trademark name of the Hartford Corporation for this project. 41 42 Councilmember O'Donnell asked how the sale of the property would affect the YMCA 43 and their possible need for more land. Economic Development Assistant Divine advised 44 the land being sold does include any additional acreage the YMCA may need. She noted 45 she believes the YMCA is trying to work with the land that they have. 46 47 Council directed staff to contact the YMCA regarding the sale of the City owned • 48 property.