Agenda Packets - 2000/08/28 - Laserfiche WebLink

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Mounds View City Council August 14, 2000 Regular Meeting Page 15 Economic Development Coordinator Parrish noted the actual numbers of assistance to this project are articulated in the development agreement. Council Member Stigney asked if bonding is anticipated on a pay-as-you-go project. Economic Development Coordinator Parrish explained with a pay-as-you-go project a limited revenue obligation, called a TIF Note, is issued which is considered a limited revenue obligation of the City. Council Member Quick asked if this is typical of all future projects. Economic Development Coordinator Parrish stated nothing different will be done with this project than done with past projects. Council Member Quick moved the question. Ayes – 5 Nays – 0 Motion carried. Vote on the motion to Waive the Reading and Approve Resolution 5455: Ayes – 5 Nays – 0 Motion carried. D. Public Hearing, Discussion and Consideration of Resolution 5461, a Resolution Approving the General Concept Plan of the Proposed Mermaid Planned Unit Development. Mayor Coughlin opened the Public Hearing at 8:38 p.m. Planning Associate Ericson explained that Dan Hall, representing the Mermaid, is requesting City approval of a PUD general concept plan to construct a 97-room hotel and a 500-seat banquet center to be attached to and integrated with the existing complex. The general concept plan is the first stage of a PUD process. This matter was discussed at the August 7, 2000 work session and revised plans have been submitted to indicate a five foot setback, which had been proposed at a one foot setback and was a concern of the Planning Commission. He explained the entrance will be relocated farther north and a water park would be added in conjunction with the hotels. Planning Associate Ericson stated a resolution was drafted to approve of the general concept plan and directs the developers to return with landscaping, detailed site plans, drainage, signage, footprints, dimensions, setbacks, parking lot arrangements, final grading, and utility plans. He noted the stipulation included in the resolution that the plans be revised to indicate a minimum five foot parking lot setback along Highway 10 and County Road H, which has been done. Planning Associate Ericson displayed a revised colored site plan, noting the Rexall site has been removed and the Perkins Restaurant will be removed from the site. He reported on the possibility of erecting a “Welcome to Mounds View” monument sign. There was no public input.