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HomeMy WebLinkAboutgr00090_000047_pg190July 10, 1978 Page 9 Engineer Hubbard stated that a petition had been presented to the City two or three years earlier but that it did not have the required 35 %. Councilmember Ziebarth asked if there had been any drainage problems with the lot. Engineer Hubbard replied that there have not been any reported problems. He added that there was a house on the lot at one time. Mr. Sjodin stated that he is merely asking for a minor subdivision and is not in favor of a moratorium on the one lot, and that he does meet all the legal require- ments for a minor subdivision. Councilmember Baumgartner pointed out that the moratorium would be on the lot that Mr. Sjodin did not plan to build on. Councilmember Ziebarth added that if Mr. Sjodin decides to build to the south of lot A, he would land lock the rest of lot B. Attorney Meyers stated that the Knollwood extension question had been before the Council several times and that the Council had decided there would be no further action until a petition was received with 35 %. He added that the City would have to be in a planning process under the Comprehensive Plan in order to declare a valid moratorium or that the property had other physical problems that would affect the public health, safety and welfare. MSP ( Ziebarth- Pickar) to approve the subdivision request of Ken Sjodin. 5 ayes HORSE AND RIDER WESTERN WEAR ADDITION Mr. Korf of Horse and Rider explained that they would like to put on a 30' x 40' warehouse addition to their present building. MSP (Pickar- Hodges) to approve the request of Horse and Rider Western Wear as submitted, as recommended by the Planning Commission and Staff and adopt Resolution No. 908 authorizing execution of Development Agreement 78 -18. Councilmember Rowley questioned why a bond amount had not been included for the addition. Mayor Pickar replied that he felt a bond for $900 was a very minor detail. Councilmember Rowley stated that it should then be explained which items the bonding would have covered. Mayor Pickar stated that the items Staff had recommended would be included in a development agreement and that the bond would not be required because of the minimum amount, and since the City had not had any problems with the development in the past. 5 ayes INDUSTRIAL DEVELOPMENT REVENUE BOND FUNDING - CONCEPT APPROVAL Attorney Meyers reported that two applications for industrial development revenue bond funding had been submitted for Midway Industrial Supply Company and an office warehouse development for John and Bruce Thesenga. Attorney Meyers explained that this would be in the nature of an industrial revenue bond or mortgage where the parties would build in the City and be financed by a tax -free bond. He added that the purpose of the bond would be to allow the developer to build in the City, provide jobs and for the welfare of the City and provide a tax base. He added that there would be no tax levied if the parties defaulted, but in the event of a default, the City's name would appear. The request would also have to be approved by the Commissioner of Industrial Development for the State.