Agenda Packets - 1994/04/25 - Laserfiche WebLink

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• * May 9th - Council public hearing on pooling the districts, set public hearing for May 23rd for zoning approvals. EDA meeting to accept pooled districts/Project Area * May 23rd - Council public hearing regarding zoning change, site plan approvals EDA meeting to consider approval of Development Agreement * June 3rd - Deadline for Westminster's application for housing tax credits through MN Housing and Finance Agency. To qualify-for-credits, the zoning and City- - - - -- -- - financial assistance must be approved. All approvals are, of course, contingent on receipt of the total amount of tax credits. 2. Conditions of the Development Agreement * Design considerations - provisions to assure the City of a quality building with additional provisions for maintenance standards. * Management considerations that provide for City approval prior to any change of management firms for the project. * Senior only clause that would provide that the development will remain low- mod income senior housing beyond the term of the TIF payback. 3. Provisions of the amended Tax Increment Financing Plan * The TIF plan that provides for the pooling of the districts will provide sufficient language to cover the development of the senior housing project. 4. Wetland delineation * The developers will commission the updated delineation of the wetland area on the site. 5. Agreement for payment of deferred fees * When Westminster first approached the Council with their proposed project one of the requests was for deferment of permit and development fees. I am seeking an agreement that will set the conditions of the payment of any deferment of fees, including attorney fees for preparation of the development agreement.