10-06-1997 WS - Laserfiche WebLink

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Item 8 -Anthony Properties Preliminary Negotiations Agreement: This is a revised version of the agreement that was not approved by the Council August 11. I attempted to take all references to the use of tax increment out, any references that could be construed as to obligate the City to anything other than discussing options with Anthony Properties. Wendell Smith will be present Monday evening to discuss this and contribute if called upon during the ring road discussion. I have explained the concerns that have been conveyed to regarding his interest and that he should expect questions. Bob Long and myself can attempt to respond to inquiries about the agreement itself One question may how would this matter be brought back to the Council after the August 11 vote and if that is appropriate. Mr. Smith is concerned that his project is in jeopardy if the City does not begin moving on one of two options he sees effecting the theater project, first, if the City truly wants to have a ring road and it must go through his property, he wants to know how he can be compensated for the useable land (hence the land trade question), or if the ring road is not to be pursued through his property and he can commence with the planning review proposal. Item 9-Spring Lake Road Status: Mike will brief the Council on the status of this effort. Council should anticipate having some residents at the meeting for this. Item 10-Current Assessment Policies: Mike will also review the current assessment policies and how they relate to the pavement management plan. Council understands that the budget projections they have been given over the past few months reflect the current assessment policies and scheduling of street projects. If after consideration of the policies changes are to be made, one large consideration to keep in mind is whether the road project schedule is to be lengthened to meet 40 budgetary abilities, or whether new revenues or existing fund balances will be tapped to maintain the schedule. Both cases here are assuming a reduction in the assessable portion of the projects to residents. Item 11 -Pavement Management Plan:Mike will review the work he has been able to do and how the plan can work. Options regarding quality of work, components of work and assessment policies I believe can all be taken into account under this plan. The Council may wish, if time constraints demand it,to set aside another meeting soon to deal with these three related agenda items in a more time free fashion. Item 12 - Special Assessment for Sanitary Sewer Service: Mike will also present this. Item 13-Expansion of the Mermaid: Charlie Hall has been discussing with Cathy and myself some options for expanding the Mermaid. Cathy's memo reviews this. Item 14 - Purchase Offer for 2625 Highway 10: This is the purchase offer from TOLD Development for the former blue house property. Cathy again covers this. Item 15 -Joint Powers Agreement and Cooperative Agreement Regarding MSP Real Estate Project and Minneapolis Public Housing Authority: Council will recall that at the September 22 meeting some discussion took place regarding another agreement or agreements that have to be transacted by the City in order for MSP to move ahead on their townhouse project. Bob Long can i explain the legalities of the agreements the City would consider. I have enclosed in your packet