04/26/2004 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES APRIL 26, 2004 APPROVED 2 Councilmember Carlson asked for an explanation regarding the power line easement. 3 4 City Planner Smyser stated that the power line company has stated that the trail is an acceptable use 5 under the power line easement. 6 7 Councilmember Reinert made a motion to adopt Resolution 04-43, Approving Final Plat, Century 8 Farm North 2"d Addition, and Amending Height Restrictions Adopted with Resolution 03-60. 9 Councilmember Stoltz seconded the motion. 10 11 Councilmember Carlson stated she did have some concerns about the power line easement and that 12 she was dissatisfied with the park dedication. She stated she had made a telephone call to the County, 13 and that she had determined a per acre value of $8,109.18 for the park land. 14 15 Councilmember Reinert stated he wanted to commend staff in putting the project together and that he 16 thought it was a win-win situation for the City. 17 18 There was further discussion of the park land value by the Council. 19 20 City Attorney Hawkins stated he felt his figure of $50,000 per acre was a reasonable number based on 21 his experience with the community. 22 23 Mayor Bergeson stated in his opinion City Staff had done a good job of negotiating on the park land 24 dedication. He also stated they pay the City Attorney to give his legal opinions, and that they needed 25 to follow those. 26 27 The motion carried, with a vote of 3-2. Reinert, Stoltz & Bergeson voted aye. Carlson and Dahl 28 voted nay. 29 30 Resolution No. 04-43 can be found in the City Clerk's office. 31 32 ii. Consideration of Resolution No. 04-47, Approving Development Contract 33 Century Farm North 2"d Addition, Jim Studenski 34 35 City Engineer Studenski stated that the Development Contract has the same format used for the first 36 phase for Century Farms, and that Attachments A and B at the end of the agreement address the 37 project specifically to cover all the costs that the developer will incur. He stated they had set up 38 escrow accounts from which the City will draw against for any expenditures by the City as the 39 process goes on. 40 41 City Engineer Studenski stated the developer had put together a Letter of Credit for $1,037,500.00, 42 representing 150 percent of the development improvement costs, and a Letter of Credit in the amount 43 of $88,150.00 representing 35 percent of the City improvement costs to insure completion of the 44 project in accordance with the approved plans. 45 46 City Engineer Studenski stated it was Staff's recommendation to the Council to authorize execution i47 of the Development Agreement and continue on with the process. 48 5