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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 />5 VII. ADJOURNMENT. <br />Motion by Marks, second by Enrooth to adjourn the meeting at 7:47 P.M. <br />17 <br />18 Respectfully submitted, <br />19 Debbie Wolfe <br />20 TimeSaver Off Site Secretarial <br />Motion carried unanimously, <br />