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City Council Regular Meeting Minutes <br /> October 28, 2003 <br /> Page 6 <br /> 1 Councilmember Thuesen indicated he felt this was a safety concern at this location. He asked if <br /> 2 the tenant had answers for such questions. Commissioner Steeves noted this information was <br /> 3 being gathered at this time and noted the proposed building on this site does not look light <br /> 4 industrial. <br /> 5 <br /> 6 Councilmember Horst noted there could be sites,which would be more suitable for an adult <br /> 7 daycare throughout the City. Mayor Hodson thanked Commissioner Steeves for his report. <br /> 8 <br /> 9 VII. GENERAL POLICY BUSINESS OF THE COUNCIL. <br /> 10 A. Resolution 03-097 Approving the Redevelopment Agreement for the Northwest <br /> 11 Quadrant Relating to the Agreement with Pratt-Ordwgy(Apache Redevelopment). <br /> 12 Mr. Gilligan reviewed the resolution with the Council and indicated that Jay Lindgren also of <br /> 13 Dorsey&Whitney would be reviewing this item with the Council. <br /> 14 <br /> 15 Jay Lindgren reviewed the development agreement with the Council. He reported on the tax <br /> 16 increment financing issues with this development and noted public improvements would be the <br /> 17 responsibility of the City. He indicated the open space ponding improvements and special <br /> 18 assessments were set forth in the agreement. <br /> 19 <br /> 20 Jay Lindgren stated the line of credit from Fannie Mae has been provided and does require a <br /> 21 pledge of collateral from the City. He noted all closing costs with that loan are the responsibility <br /> 22 of the developer. He noted additional tax revenue from Phase I could be used to move Phase 11 <br /> 23 forward. He asked for questions and comments from the Council. <br /> 24 <br /> 25 Mayor Hodson thanked everyone for their time and hard work on this development agreement. <br /> 26 He stated he was thankful there were no surprises at the end and that all has been clearly <br /> 27 hammered out. <br /> 28 <br /> 29 Motion byCouncilmember Faust, seconded by Councilmember Thuesen, to adopt Resolution <br /> 30 03-097, re: Relating to the Redevelopment of Property in Redevelopment Project Area No. 3 <br /> 31 (known as Apache Plaza) and Authorizing the Preparation, Execution and Delivery of a <br /> 32 Redevelopment Agreement and Related Agreements. <br /> 33 Motion carried unanimously. <br /> 34 <br /> 35 Mayor Hodson invited Len Pratt to the podium for comments on the future of Apache Plaza and <br /> 36 if a ceremony could be held in memory of this local icon. Mr. Pratt stated the Chamber of <br /> 37 Commerce has an annual ball that may be turned into a"wrecking ball' to commemorate the <br /> 38 space. He stated an official groundbreaking ceremony would possibly take place some time in <br /> 39 April. <br /> 40 <br /> 41 B. Consider Resolution 03-091 re: Fund transfer for Public Facilities project. <br /> 42 Motion by Councilmember Faust, seconded by Councilmember Thuesen, to adopt Resolution <br /> 43 03-091,re: Fund transfer for Public Facilities project. <br /> 44 <br /> 45 Motion carried unanimously. <br /> 46 <br />