10/06/2004 Council Minutes - Laserfiche WebLink

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CITY COUNCIL WORK SESSION OCTOBER 6, 2004 APPROVED • 1 VI. Defaults. 2 3 If Developer defaults (for example, fails to complete a component of the Minimum 4 Improvements as scheduled), the EDA may withhold payments under the Note. If 5 property has been transferred to a Subdeveloper, the required improvements will be 6 allocated to that Subdeveloper, and the EDA may withhold increment only from the 7 parcel that is in default. However, default in the overall required housing types 8 (described in Part III.D) will allow withholding of increment from the entire TIF 9 District. 10 11 Economic Development Coordinator Divine advised copies of the development contract 12 will be distributed in the Friday update. 13 14 This item will appear on the regular Council agenda Tuesday, October 12, 2004, 6:30 p.m. 15 16 UPDATE: HARDWOOD CREEK OPEN HOUSE, MIKE GROCHALA 17 18 Community Development Director Grochala advised on September 20, 2004, Hardwood 19 Creek, LLP, held a public informational meeting at the Lino Lakes Senior Center. 20 Approximately 20 community residents attended. He reviewed a summary of comments 21 received at the meeting noting the developer is in the process of setting up a website for 22 presenting information to the community on the project and for residents to send in 23 comments. The website will be linked to the City of Lino Lakes website. • 24 25 DSU Corridor Planning/AUAR Contract — Community Development Director 26 Grochala stated that while the proposed Hardwood Creek development provides an 27 opportunity to master plan a large area, the site is relatively small when compared to the 28 long term development potential of the I -35E corridor. While the proposal will likely 29 require some level of environmental review, it is staff's opinion that the City would 30 benefit from a more comprehensive examination of the surrounding area. 31 32 Community Development Director Grochala advised City staff has received a proposal 33 from Dahlgren, Shardlow & Urban, Inc. (DSU) to complete an Alternative Urban 34 Areawide Review (AUAR) for the proposed area along the eastern side of the City 35 encompassing approximately 5,000 acres. 36 37 Community Development Director Grochala advised the estimated contract price for the 38 AUAR is $296,400 plus $8,000 to $10,000 in expenses mostly attributable to printing 39 costs associated with the final document. The project is proposed to be funded by a yet - 40 to -be established environmental review area charge collected in conjunction with 41 development. Interim financing will be provided through the City's Trunk Utility Fund 42 and Stormwater Management Fund. The City is requesting a no -interest loan from the 43 Metropolitan Council in the amount of $75,000 to assist with the interim financing. The 44 City is also expecting a contribution from Anoka County as well as the Hardwood Creek 45 developer. 46 •47 Community Development Director Grochala stated that from a planning perspective, the 48 AUAR process is an excellent opportunity to evaluate cumulative development impacts.