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July 10, 1978 Page 9 <br />Engineer Hubbard stated that a petition had been presented to the City two or three <br />years earlier but that it did not have the required 35 %. <br />Councilmember Ziebarth asked if there had been any drainage problems with the lot. <br />Engineer Hubbard replied that there have not been any reported problems. He added <br />that there was a house on the lot at one time. <br />Mr. Sjodin stated that he is merely asking for a minor subdivision and is not in <br />favor of a moratorium on the one lot, and that he does meet all the legal require- <br />ments for a minor subdivision. <br />Councilmember Baumgartner pointed out that the moratorium would be on the lot that <br />Mr. Sjodin did not plan to build on. Councilmember Ziebarth added that if Mr. <br />Sjodin decides to build to the south of lot A, he would land lock the rest of lot B. <br />Attorney Meyers stated that the Knollwood extension question had been before the <br />Council several times and that the Council had decided there would be no further <br />action until a petition was received with 35 %. He added that the City would have <br />to be in a planning process under the Comprehensive Plan in order to declare a valid <br />moratorium or that the property had other physical problems that would affect the <br />public health, safety and welfare. <br />MSP ( Ziebarth- Pickar) to approve the subdivision request of Ken Sjodin. 5 ayes <br />HORSE AND RIDER WESTERN WEAR ADDITION <br />Mr. Korf of Horse and Rider explained that they would like to put on a 30' x 40' <br />warehouse addition to their present building. <br />MSP (Pickar- Hodges) to approve the request of Horse and Rider Western Wear <br />as submitted, as recommended by the Planning Commission and Staff and adopt <br />Resolution No. 908 authorizing execution of Development Agreement 78 -18. <br />Councilmember Rowley questioned why a bond amount had not been included for the <br />addition. Mayor Pickar replied that he felt a bond for $900 was a very minor <br />detail. Councilmember Rowley stated that it should then be explained which <br />items the bonding would have covered. <br />Mayor Pickar stated that the items Staff had recommended would be included in <br />a development agreement and that the bond would not be required because of the <br />minimum amount, and since the City had not had any problems with the development <br />in the past. <br />5 ayes <br />INDUSTRIAL DEVELOPMENT REVENUE BOND FUNDING - CONCEPT APPROVAL <br />Attorney Meyers reported that two applications for industrial development revenue <br />bond funding had been submitted for Midway Industrial Supply Company and an <br />office warehouse development for John and Bruce Thesenga. Attorney Meyers explained <br />that this would be in the nature of an industrial revenue bond or mortgage where <br />the parties would build in the City and be financed by a tax -free bond. He added <br />that the purpose of the bond would be to allow the developer to build in the City, <br />provide jobs and for the welfare of the City and provide a tax base. He added <br />that there would be no tax levied if the parties defaulted, but in the event of a <br />default, the City's name would appear. The request would also have to be approved <br />by the Commissioner of Industrial Development for the State. <br />