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HRA Meeting Minutes <br /> • March 12, 1996 <br /> Page 3 <br /> 1 Commissioner Enrooth stated when they first talked to CUB the City received basic <br /> 2 information on store comparisons to other CUB stores. He believes the intent is that CUB <br /> 3 and Herbergers will be used to create a power center.for the mall. <br /> 4 Commissioner Marks stated he would like more information on the economic study that <br /> 5 was done. He stated the City should have had an independent market.study done. <br /> 6 Commissioner Enrooth stated that would have been very difficult to do due to the <br /> 7 numerous assumptions and conditions that would be made. <br /> 8 Executive Director Morrison stated the ponds would be deeded to the City. City Attorney <br /> 9 Soth stated he will be working with Dave Greening on that. Soth stated the City would be <br /> 10 reimbursed for costs. There would not be a big difference between fee title or easement. <br /> 11 The City would still have responsibility for maintenance. The Executive Director stated <br /> 12 the schedule for Apache is 1) easement hearing on March 26th; 2) final plat and 3) TIF <br /> 13 package on April 9th; 4) CUB and First Bank close on April 15th; and, 5) the City <br /> 14 authorizes the TIF bond sale on April 23rd. <br /> I VII. ADJOURNMENT. <br /> Motion by Marks, second by Enrooth to adjourn the meeting at 7:47 P.M. <br /> 17 Motion carried unanimously. <br /> 18 Respectfully submitted, <br /> 19 Debbie Wolfe <br /> 20 TimeSaver Off Site Secretarial <br /> v <br /> • <br />