12/18/2006 Council Minutes (3) - Laserfiche WebLink

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COUNCIL MINUTES DECEMBER 18, 2006 APPROVED 41) 1 Development Director Grochala stated the Assignment and Release includes a provision that extends 2 the Timeline for Commencement and Construction of the project. The new provisions require that 3 construction must commence by January 15, 2007 and be completed by April 15, 2008. 4 5 Mayor Bergeson moved to approve Resolution No. 06-196, as presented. Council Member 6 O'Donnell seconded the motion. Motion carried unanimously. 7 8 Consideration of Resolution No. 06-214, Approving Extension of Metropolitan Council Grant 9 Agreement and Loan to LLAH Limited Partnership, Michael Grochala — Community 10 Development Director Grochala advised the City of Lino Lakes obtained a $225,000 grant under the 11 Livable Communities Act Local Housing Incentives Account on December 16, 2004 for the purpose 12 of helping to finance Lakewood Apartments in the Legacy at Woods Edge Project. The grant 13 agreement has an expiration of December 31, 2006. 14 15 Community Development Director Grochala stated Hartford Group and LLAH Limited Partnership 16 are expected to close on the financing of the property in late December and begin construction shortly 17 thereafter. Due to delay in the start of construction, the Metropolitan Council has agreed to extend 18 the grant for one year upon approval by the City Council. 19 20 Community Development Director Grochala stated the developer has requested, in order to facilitate 21 their financing, that the grant be provided in the form of a 30 -year interest free loan. The grant 22 agreement authorizes the City to use grant funds to make deferred loans. Because the EDA is the 23 administrator of Development District NO. 1 in which this project will occur, legal counsel has 24 advised that the EDA is the appropriate authority to provide this loan. 25 26 Council Member Stoltz moved to approve Resolution No. 06-214, as presented. Council Member 27 Reinert seconded the motion. Motion carried unanimously. 28 29 Consideration of Resolution No. 06-216, Approving Change Order No. 2, Legacy at Woods 30 Edge, Phase II, Street Lighting Project, Michael Grochala — Community Development Director 31 Grochala advised on April 24, 2006 the City Council awarded the Legacy at Woods Edge Phase 2 - 32 Streetlighting Improvements contract to W.H. Response. The current approved contract amount, 33 including construction ($486,200.84) and 15 -year maintenance agreement ($145,800.00) is 34 $632,000.84. 35 36 Community Development Director Grochala stated the installed lighting system would be extended 37 along Lake Drive from Town Center Parkway to Apollo Drive in conjunction with the Lake Drive 38 improvement project. Twenty lights are proposed to be installed on the east side of the road adjacent 39 to the new trail. 40 41 Community Development Director Grochala advised W.H. Response has proposed to complete the 42 work in accordance with the existing unit prices including the cost per unit for the 15 -year 43 maintenance agreement. The total for Change Order No. 2 is in the amount of $132,737.07. The total .44 revised contract amount, with the change order is $764,737.91. The change order represents a 21% 45 increase in the contract amount. Change orders cannot exceed 25% of the original contract amount. 6