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0 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />City Council Regular Meeting Minutes <br />August 10, 2010 <br />Page 4 <br />Councilmember Stille inquired whether there are any deadlines or urgency associated with <br />Council approval of the proposed development agreement. Ms. Kvilvang replied there is no <br />urgency associated with the development agreement. Staff will meet with the developer and <br />bring back revised deal points based on direction from the Council. <br />Mayor Faust commented that while the Council is understanding of the current economic times, <br />they must protect the City and must complete the necessary due diligence. <br />Councilmember Gray requested that Council be provided with further information on the options <br />for consideration. City Attorney Lindgren advised on the following two options that are <br />essentially before the Council: 1) Negotiate a deal with the developer with further refinement of <br />the proposed agreement based upon Council direction; 2) Proceed with default remedies in <br />accordance with the current default situation. <br />Councilmember Gray stated his position that there should be priority in paying off Fannie Mae <br />as opposed to the makeup note requested by the developer. He clarified that he would like to be <br />provided with additional information on the ramifications of the options in the long term. City <br />Attorney Lindgren advised that he would recommend presenting options with this level of detail <br />at a future date. <br />Motion by Councilmember Stille, seconded by Councilmember Gray, to table Resolution 10- <br />056; Relating to Phase III Redevelopment Agreement By and Among the City of St. Anthony, <br />Minnesota, The Housing and Redevelopment Authority of the City of St. Anthony, Minnesota <br />and Apache Redevelopment, LLC. <br />Mayor Faust made a friendly amendment that Resolution 10-056 be tabled to the September 14, <br />2010 City Council meeting. <br />Motion carried unanimously. <br />VII. REPORTS FROM CITY MANAGER AND COUNCIL MEMBERS. <br />City Manager Mornson reported on the following: <br />• A representative from the League of Minnesota Cities (LMC) attended yesterday's staff <br />meeting and was given a tour of the City. An orientation for newly elected officials will <br />be put on by the LMC this fall. <br />• Thank you to staff for a very busy week last week, including Village Fest, Night to Unite, <br />and the City Council Work Session. <br />• Staff is talking with Hennepin County about the possibility of a warning device at the <br />pedestrian crossing at Silver Lake Road and 34°i Avenue. <br />• The Fire Department has been awarded a $9,100 fire training grant. <br />Councilmember Jenson: No report. <br />Councilmember Roth reported on his participation in Night to Unite on August 3`1 last week. He <br />thanked the residents that participated, city staff, and city council members. <br />