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LAKE ELMO CITY COUNCIL MINUTES SEPTEMBER 1, 1992 3 landowner has been part of the attractiveness of the whole proposal. It has been rumored in the press that this potential developer is a "large insurance firm". However so far this potential developer has remained a "phantom developer" to this Council as a body. Williams added now it is time for this Council, acting as a body, not just one individual, to make decisions which will have long lasting and very significant effects on this city and listed his concerns if we'proceed with extending the MUSA and extending services to this area, but do not get this phantom development or it is not as valuable or big as we heard. Councilman Williams' entire explanation is made part of these minutes. Mayor Johnson responded that we have already stated that we are not going to upfront anything, but we are going to insist on one or a combination of financial mechanisms required for this project and felt that Councilman Williams, concerns were unfounded. M/S/F Williams/Hunt - that consideration of this resolution approving the Comprehensive Plan amendment be postponed until there exists a developers' contract, signed by the landowner, and acceptable to this City Council, which commits the landowner to building a structure of a certain value within the proposed MUSA area by a certain date to be determined, and which specifies how the utilities to the area, especially sewer and water, will be financed, Furthermore, the city staff is directed to transmit this decision to the landowner with the request for prompt action in arranging a meeting between the proposed developer and this City Council to begin negotiating this contract. In addition the resolution should be remanded to the PZ for their comments on how its provision will impact the city at large. (Motion failed: 2-2 Mayor Johnson: He agreed with the general comment to have the developer in and solicit the needed information, but not demand a developers agreement before we get on with substantial work, Mottaz). M/S/P Mottaz/Hunt - to invite United Properties, the developer, and PZ to a joint meeting with the City Council on September 29th and that they be prepared to answer any questions of the Council and that the PZ look at the Resolution and Limited Business Ordinance and have their comments returned to the council by October 6th and direct the city staff to address questions raised as to interpretation of conditions in the proposed resolution. (Motion carried 4-0).