Laserfiche WebLink
Mounds View City Council August 14, 2000 <br />Regular Meeting Page 10 <br />Council Member Stigney stated he is concerned that the Walgreens will be part of the <br />corporation or a subentity of Walgreens. He asked if a bankruptcy should occur, would it be <br />against the Walgreens Corporation or just this Walgreens location. <br />Mr. Cunningham stated the building will be owned by an entity of TOLD Development with a <br />lease agreement between TOLD Development and Walgreens. <br />Council Member Stigney asked what guarantee TOLD Development can provide if things do not <br />go as planned in several years. <br />Mr. Cunningham explained they will just build the building and Walgreens will operate the <br />business. He stated they will have a 20-year lease with Walgreens Corporation plus lease <br />extensions well into the future. <br />Planning Associate Ericson stated the contract for private development includes language to give <br />further assurance of what will happen by placing restrictive covenants so certain types of <br />businesses cannot locate there which would provide further protection regarding uses. <br />Mayor Coughlin asked which resolution relates to the park dedication issue and request for <br />waiver. Planning Associate Ericson stated it is referenced in Resolution 5454. <br />MOTION/SECOND: Quick/Thomason. To Waive the Reading and Approve Resolution 5462, a <br />Resolution Approving the Walgreens PUD and Exchange of Real Property for and with TOLD <br />Development Company. <br />Ayes - 5 Nays - 0 Motion carried. <br />MOTION/SECOND: Thomason/Stigney. To Waive the Reading and Approve Resolution 5453, <br />a Resolution Approving the Wetland Alteration Permit and Development Review of the <br />Proposed Walgreens PUD. <br />Ayes - 5 Nays - 0 Motion carried. <br />MOTION/SECOND: Quick/Marty. To Waive the Reading and Approve Resolution 5454, a <br />Resolution Approving the Preliminary Plat of the Proposed Walgreens Major Subdivision. <br />Mayor Coughlin noted there has been a request by the developer to waive the park dedication <br />fee. He entertained amendments to the motion on the floor. <br />Council Members Quick and Marty indicated an unwillingness to consider such an amendment <br />to the motion on the floor. <br />Ma or Cou hlin stated he can full a reciate the issues resented b Mr. Cunnin ham relating <br />Y g Y PP p Y g <br />to the request to waive the park dedication fee. However, there are other projects coming before <br />the Council and recently considered by the Council that have had to pay these park dedication <br />