CC PACKET 07211992 - Laserfiche WebLink

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1 REGULAR COUNCIL MEETING � 2 JUNE 23 , 1992 • 3 PAGE 10 .4 5 6 Report of Mayor Ranallo 7 8 The Mayor sent a thank you letter to the Police 9 Department and its officers for their work on the Open 10 House . He felt it was very well done and very well 11 received by the community. 12 13 On June 3rd the Mayor and Councilmember Wagner met with 14 the two representatives of the City Attorney ' s office and 15 a representative of Springsted , Inc . , the City ' s 16 financial advisors . The purpose of the meeting was to '17 discuss the possibility of a tax increment financing 18 district which would include Apache Plaza and the 19 possibility of a CUB store being located there . 20 21 Three proposals have been received from the Apache 22 Corporation regarding expansion of the shopping center . 23 Funds in the amount of 3 . 9 million dollars is being 24 requested for refurbishing of the shopping center . 25 26 The Mayor felt there would be considerable risk for the 27 City to advance any funding to this project . A proposal 28 was made to separate the CUB project from Apache Plaza . 29 He noted that Apache is nearly ready to present its 30 proposals to the City ' s legal counsel and financial 31 advisors . It had been suggested that CUB purchase its 32 property from Apache . 33 34 Mayor Rana IIo suggested that a Special Council meeting be 35 scheduled for June 30th to discuss the proposed plans and 36 to set a public hearing for this matter . He requested 37 each Councilmember meet with the City Manager regarding 38 any concerns or questions they may have about this 39 project . 40 41 Motion by Marks , second by Wagner to set a Special 42 Council Meeting for June 30 , 1992 at 7 : 00 p .m. for the 43 purposes of discussing the Apache Plaza project . 44 45 Motion carried unanimously 46 47 48 Motion by Enrooth , second by Fleming to proceed with -49 Unfinished Business as the next agenda item. 50 51 Motion carried unanimously 52 53 54