Agenda Packets - 2005/04/25 - Laserfiche WebLink

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Mounds View City Council March 28, 2005 Regular Meeting Page 15 Mr. Nordness stated he understood that, but that’s accruing interest up until that point. 1 2 Finance Director Hanson stated that he didn’t recall the agreement being that there would be no 3 interest on the assessment. 4 5 Gary ____ stated that they were just bringing that up for consideration as far as if there was a 6 deferral until the assessment is due, and then they would pay down whatever they got as they sell 7 it. 8 9 Finance Director Hanson stated that it would be up to the Council if they wanted to change the 10 terms of the agreement. 11 12 Gary ____ stated that they weren’t arguing about the assessment or the dollar amount. 13 14 Mayor Marty asked if the assessment was for the street construction and the utility installations. 15 16 Gary ____ stated it’s the streets, utilities, curb, and gutter. 17 18 Mayor Marty asked if that had already been provided. 19 20 Gary ____ stated that it had been, with the exception of some minor details. 21 22 Mayor Marty asked if the City had paid for this at the present time. 23 24 Finance Director Hanson stated that there was a bit of finishing work that is estimated in here, 25 and the great majority of the work has been done and paid for. 26 27 Mayor Marty stated the reason this was constructed was for their project, so the City had done 28 their part of it so they could build the homes. He stated that apparently a number of them had 29 been sold already. He asked when the first one was going to be done. 30 31 Gary ____ stated that it would close on April 22. 32 33 Council Member Thomas stated that it would make sense to her as far as planning wise, that the 34 work is done, and it would make sense that the assessment would be in place now and the 35 interest would accrue because the work is done. She stated she would be most comfortable 36 leaving the terms as they are. 37 38 Council Member Gunn read the Resolution aloud. 39 40 Brian Amundson, 3048 Woodale Drive, stated that he didn’t like the fact that the Council had 41 purchased pieces of this property, and he would like them to reconsider getting involved in the 42 purchase of property and then bundling it and reselling it to developers. He would like to see the 43 developers working with the individual property owners directly. He stated he was disappointed 44 that all the trees were wiped out in the area, and he had understood that as many as possible trees 45