08/13/2007 Council Minutes - Laserfiche WebLink

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• • • COUNCIL MINUTES August 13, 2007 APPROVED 136 Council comments included pointing out that the City Charter requires that the proceeds from 137 the sale of city land be used to retire any debt associated with that land or designated to 138 another related use by the council. In this case the related use would be the realignment 139 project, however, that is not yet in place. 140 141 There was also a statement that with the current market driving down the price of the land, the 142 project doesn't make sense without a commitment on the realignment. 143 144 It was expressed that the development brings with it the opportunity to gain control of the land 145 necessary for the roadway realignment, a city priority. Without this development, that 146 opportunity could be lost. 147 148 There was also a positive comment about the design and the proposed development and that 149 retail and commercial development is generally known to attract the same. 150 151 Dave Anderson, Anderson Builders, Inc., stated that he is looking to partner with the City. 152 Development doesn't stop when the market declines and Lino Lakes has an opportunity to 153 bring forward an important goal with the realignment. Anderson Builders has done what's 154 been asked and still want to work with the city on this project. 155 156 Economic Development Coordinator Divine added that the Finance Director did identify 157 $130,000 in outstanding debt associated with this property; that would be paid with the sale 158 proceeds. 159 160 A roll call vote was taken: two yeas (Stoltz, Bergeson) and two nays (Reinert, Carlson). 161 Motion failed. Council Member O'Donnell was absent. 162 163 Resolution No. 07-100 Approving a Preliminary Development Agreement with Greg 164 Anderson Development — Economic Development Coordinator Divine noted that this item is 165 predicated by the purchase agreement not approved with the previous item. 166 167 Attorney Hawkins offered that if no one makes a motion to approve the resolution, the matter 168 dies. 169 170 Dave Anderson, Anderson Builders, Inc., noted that he is still interested in working with staff 171 on a development timeline. 172 173 Attorney Hawkins suggested that if the resolution isn't voted on, it could be brought back 174 whenever, however, the failed ordinance couldn't be returned for council consideration 175 without a council member who voted against it bringing it back. 176 177 Mayor Bergeson moved to table Resolution No. 07-100. Council Member Stoltz seconded the 178 motion. Motion passed unanimously— Council Member O'Donnell absent. 179