CC MINUTES 10282025 - Laserfiche WebLink

Home Browse Search

City Council Regular Meeting Minutes October 28, 2025 Page 2 1 D. Resolution 25-069 — Accepting Grants and Donations Received in the Yd Quarter of 2 2025. 3 E. Resolution 25-070 — Approving State of Minnesota Joint Powers Agreement with the 4 City of St. Anthony Village on Behalf of its City Attorney and Police Department. 6 Motion by Councilmember Doolan, seconded by Councilmember Jenson, to approve the Consent 7 Agenda items. 9 Motion carried 5-0. 10 11 VII. PUBLIC HEARING - NONE. 12 13 VIII. REPORTS FROM COMMISSION AND STAFF - NONE. 14 15 IX. GENERAL BUSINESS OF COUNCIL. 16 17 A. Resolution 25-071 — Approving Fifth Amendment to Contract for Private Redevelopment 18 Between the Housing and Redevelopment Authority of St. Anthony, MN, The City of St. 19 Anthony Village, Doran SLV, LLC. Doran St. Anthony LLC. and Doran SLV II, LLC. 20 21 City Manager Yunker reviewed this resolution approving a Fifth Amendment to the Contract for 22 Redevelopment with Doran SLV, LLC for the former Walmart site redevelopment, referred to as 23 The Ruby. 24 25 The initial Contract for Private Redevelopment contemplated the construction of each phase of 26 the Ruby project to be done in two phases. Phase I is complete, and Phase II has encountered 27 challenges in commencing construction, resulting in multiple extensions requested by the 28 developer and subsequently approved by the City Council. 29 30 Due to those ongoing market challenges, Doran SLV LLC is requesting an additional extension 31 of the timing requirements on Phase 2. Doran SLV, LLC proposes a Phase II Commencement 32 deadline of January 1, 2028, and a completion date of January 1, 2030. 33 34 At the work session on September 23, 2025, Doran SLV, LLC representative Evan Doran 35 introduced the desire to request a two-year extension for Council consideration and to discuss the 36 ongoing challenges resulting in the delay of commencement and subsequent extensions. At that 37 time, Council expressed its support for an extension given the circumstances, with a desire to see 38 the Phase II site improved aesthetically until such time as construction begins. 39 40 During the review process of the required documents to facilitate an extension by the City's legal 41 and financial advisors, it was advised that the language regarding Tax Increment Financing (TIF) 42 for Phase II be removed. The anticipated timeline for the project completion is now coming very 43 close to the end date of the existing TIF district, which results in negligible TIF assistance 44 generated for the project. As a result, staff is recommending to removal of the previously 45 approved TIF assistance that has dissolved over time. 46