Agenda Packets - 2006/02/27 - Laserfiche WebLink

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Mounds View City Council February 13, 2006 Regular Meeting Page 5 Councilmember Gunn stated that the Council has to think of the City as a whole and not each 1 resident individually, but rather all residents of the City, the business community, school 2 districts, and everything else that goes along with living in a community. 3 4 Barbara Haake, 3024 County Road I, stated the City is getting $355,000 for roads, but going 5 underneath County Road 10 is going to run more than $400,000 for utilities. She noted Director 6 Lee said it would cost $540,000 to fix Well 4, but indicated this was not a definite number. She 7 stated if it would cost more than $540,000, there would be $200,000 remaining and for this, the 8 City can get one mile of roadway. 9 10 Ms. Haake stated there is also an additional charge of $35,000 per year for fire protection only on 11 Phase 1. She stated the additional cost for the larger development size would need to come out 12 of general budget. 13 14 Ms. Haake asked for the list of But-For statements that will give Medtronic the TIF of $8.1 15 million. She stated she believes that Medtronic will not pull out from Phase 1 and Phase 2 no 16 matter what the City decides. She added they already bought 40 acres from the Minnesota 17 Department of Transportation and spent $20 million to get County Road J upgraded, so they are 18 heavily invested in the development. 19 20 Councilmember Thomas stated Well 4 is separate from the discussion with the $355,000 for 21 streets. She explained the only two items grouped together are the $400,000 for utilities and 22 $355,000 for streets. Councilmember Thomas noted Medtronic is paying Well 4 per the Phase 2 23 terms. She noted the overruns from $355,000 are only for the utilities, and the estimates are 24 coming back right at $400,000. 25 26 Mayor Marty stated the estimates are coming in at slightly under $400,000. He added he checked 27 with Director of Public Works Lee to clarify Well 4, and noted it was based on an engineering 28 feasibility study, so it is a firm figure of $545,000. 29 30 Sid Inman, Senior Vice President, Ehlers Associates, stated all Medtronic costs were reviewed 31 including the unusual costs for structured parking, as these are very expensive in a first ring 32 suburb. He stated he could not comment whether the same building would be built in Phase 2 as 33 Medtronic is in the business of making money. He noted they looked at costs for all three 34 phases with that in mind. 35 36 Councilmember Thomas stated nobody has ever suggested Medtronic would pull out of Phase 1, 37 as the But-For test is the first question that came to mind. She stated it is very subjective when 38 discussing a development that is already in place. Councilmember Thomas stated she does not 39 believe But-For assistance level would result in the same quality development. She stated the 40 issue comes down to surfaced parking versus structured parking, and she does not believe it 41 would be the same project if less funds were given to them. She stated the But-For is the quality 42 of development received with the level of assistance. 43 44 Ms. Haake stated she does not believe it is the Council’s responsibility to give the But-Fors, 45