HomeMy WebLinkAboutCC RES 03-047 A RESOLUTION APPROVING REDEVELOPMENT OPTION FOR THE STONEHOUSE/ SAV I AND FIRE STATIO SITE Meeting Sheet
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104536
Box: 31
Folder: RES 2003
Document: CC RES 03-047 A RESOLUTION APPROVING
REDEVELOPMENT OPTION FOR THE STONEHOUSE/ SAV I AND FIRE
STATIO SITE
CITY OF ST. ANTHONY
RESOLUTION 03-047
RESOLUTION APPROVING REDEVELOPMENT OPTION FOR THE
STONEHOUSE/SAV I AND FIRE STATION SITE
WHEREAS, the City of St. Anthony Village is redeveloping the site commonly referred
to as the Stonehouse site ("Redevelopment Site"); and
WHEREAS, Amcon Construction ("the Developer") submitted four (4) redevelopment
options for the Redevelopment Site to the City for review and consideration; and
WHEREAS, the City requested its Financial Consultant ("Ehlers and Associates") to
complete a fiscal analysis of the options; and
WHEREAS, the City's financial goal was to continue to generate $125,000 annually to
the City's General Fund when the redevelopment was completed; and
WHEREAS, based upon review by Ehlers and Associates, the redevelopment option that
meets the City's financial goal is Option#4 as listed on the attached memo.
NOW, THEREFORE, BE IT RESOLVED by the City of St. Anthony Village as follows:
I. That the City Council approves the development Option #4 which consists of the
City retaining ownership of a portion of the land and owning its own Municipal
Liquor Store and selling the remaining land to the Developer for development of a
restaurant pad and addition retail space.
2. That the City Manager and City Attorney are hereby authorized to proceed with
negotiating the terms of this redevelopment transaction and to prepare necessary
documents for execution by the City.
Adopted this day of 92003.
May r
ATTEST: A 1011
City Clerk
Reviewed for Administration:
• City Mana er
r
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