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HomeMy WebLinkAboutCC MINUTES 031420061 CITY OF ST. ANTHONY 2 CITY COUNCIL REGULAR MEETING MINUTES 3 MARCH 14, 2006 4 5 CALL TO ORDER 6 Acting Mayor Gray called the meeting to order at 7:18 p.m. 7 8 ROLL CALL. 9 Present: Acting Mayor Gray; Councilmembers Horst, Stille, and Thuesen. 10 Absent: Mayor Faust. 11 Also Present: City Manager Mike Mornson. 12 13 CONSIDERATION, DISCUSSION, AND POSSIBLE ACTION ON ALL OF THE FOLLOWING 14 ITEMS. 15 16 I. 17 18 19 20 21 22 II. 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 IH. APPROVAL OF MARCH 14, 2006 CITY COUNCIL MEETING AGENDA. Motion by Councilmember Stille, seconded by Councilmember Thuesen, to approve the City Council Meeting Agenda of March 14, 2006. Motion carried unanimously, PROCLAMATIONS AND RECOGNITIONS. None. CONSENT AGENDA. A. Consider February 14, 2006 Council meeting minutes B. Consider licenses and permits. C. Consider payment of claims. Councilmember Thuesen requested the removal of Consent Agenda Item A due to non- attendance at the meeting. Motion by Councilmember Horst, seconded by Councilmember Stille, to approve Consent Agenda items B and C. Motion carried unanimously, Motion by Councilmember Stille, seconded by Councilmember Horst, to approve Consent Agenda item A. Ayes — 3, Nays — 0, Abstains — 1(Thuesen). Motion carried. IV. PUBLIC HEARINGS. Mayor Pro Tem Gray opened the public hearing at 7:20 p.m. A. H.R.A. Resolution 06 -027, re: modification for redevelopment project area no. 3, the modification of the Chandler Place Tax Increment Financing District and the modification of Tax Increment Financing District No. 3 -5. City Council Regular Meeting Minutes March 14, 2006 Page 2 1 Stacie Kvilvang, Ehlers & Associates, Inc., stated the City and the HRA have been working on a 2 Master Financial Plan for future City development and redevelopment activities. In order to 3 utilize tax increment from the Chandler Place TIF District and TIF District 3 -5, the City is 4 required to approve the modification to the City's Project area boundaries and modification to 5 the existing TIF budgets for each district. She added in the year 2003 the area was valued at $3 6 million and is currently planned at $173 million. 7 8 There was no one wishing to speak. 9 10 Acting Mayor Gray closed the public hearing at 7:25 p.m. 11 12 Motion by Councilmember Stille, seconded by Councilmember Thuesen, to adopt H.R.A. 13 Resolution 06 -027, re: modification for redevelopment project area no. 3, the modification of 14 the Chandler Place Tax Increment Financing District and the modification of Tax Increment 15 Financing District No. 3 -5. 16 17 Motion carried unanimously. 18 19 V. REPORTS FROM COMMISSION AND STAFF. 20 None. 21 22 VI. GENERAL POLICY BUSINESS OF THE COUNCIL. 23 A. Consider Resolution 06 -028 re: sale of G.O. Improvement Bonds Series 2006A 24 Stacie Kvilvang, Ehlers & Associates, Inc., stated this resolution authorizes the issuance, 25 awarding of sale, fixing the form and details, and providing for the execution, delivery, security, 26 and levying of taxes for the payment of G.O. Improvement Bonds. She added seven bids were 27 received with the lowest bidder being Piper Jaffrey at 4 %, and recommended the sale be awarded 28 to them. 29 30 Councilmember Stille asked approximately what were the rates last year. Ms. Kvilvang replied 31 she believes rates were slightly higher last year and added she would verify and provide those 32 numbers to Council. 33 34 Mr. Morrison asked for a discussion of ratings. Ms. Kvilvang replied a rating is done on every 35 bond sale. Currently, the City has an Al rating, which Moody's reaffirmed. There is some 36 holdbacks to upgrading this rating which includes the fact that the City is under a billion and that 37 the median household income is on the lower side; however, the City is geographically located in 38 a good area and has an overall healthy community. 39 40 Motion by Councilmember Stille, seconded by Councilmember Thuesen, to adopt Resolution 06- 41 028, re: sale of G.O. Improvement Bonds, Series 2006A. 42 43 Motion carried unanimously. 44 45 B. Consider Resolution 06 -029, re: approve the sale of TIF revenue bonds for Silver Lake 46 Village. City Council Regular Meeting Minutes March 14, 2006 Page 3 1 Stacie Kvilvang, Ehlers & Associates, Inc., stated the redevelopment agreement with Apache 2 Redevelopment LLC noted that upon successful completion of any element of the 3 redevelopment, the City / HRA would issue tax exempt debt to refund and pay existing taxable 4 TIF notes. Construction has been completed and taxes are being paid on the property. She 5 added the City can get better rates as well as additional funds to do other projects, and over time 6 the City will have the option to close down the district early. Bonds will be sold in early April. 7 She stated Ehlers has a look back provision in which they review a project to see if the amount of 8 public assistance given was needed and/or warranted. Certain items came in under budget and 9 although some of the savings will go to other project cost overruns, some will assist in reducing 10 the principal amount on the note. She noted the proposed resolution is giving authority for future 11 issuance of bonds, with the principal not exceeding $5.8 million. 12 13 Councilmember Thuesen asked regarding the look back provision, historically, has more projects 14 than not used less TIF than asked for. Ms. Kvilvang replied projects have been all over the 15 board; unanticipated items have come up on some and typically commercial comes in close to 16 budget because of construction timelines. 17 18 Councilmember Thuesen asked what is the incentive for a developer to come in under the TIF 19 amount. Ms. Kvilvang replied a developer usually says they want only the amount of assistance 20 they need to get a project done because they need to answer to the public. 21 22 Mr. Morrison asked if the phases will be done separately or will be combined. Ms. Kvilvang 23 replied it depends on the timing. She added she anticipates Phase IA housing will be done later 24 this year or next year and combined with 2007 projects. This needs to be monitored so that the 25 City does not go over their debt qualification for this year. 26 27 Councilmember Stille asked about profit sharing. Ms. Kvilvang replied this portion comes into 28 play mostly with for sale housing where the developer has anticipated the profit level around 29 12 %, and if the sources are less they will have sharing between 12 -15 %. 30 31 Motion by Councilmember Horst, seconded by Councilmember Thuesen, to adopt Resolution 32 06 -029, re: approve the sale of TIF revenue bonds for Silver Lake Village. 33 34 Motion carried unanimously. 35 36 C. Consider Resolution 06 -030, re: police contract with City of Lauderdale. 37 Mr. Morrison reviewed the resolution with the Council and indicated that this is a joint powers 38 agreement for police services with the City of Lauderdale. He noted although previously the 39 agreement has been for a two -year term this resolution agreement is for a three -year term. 40 Currently, services cost is $255,254, for 2007 they will be $269,300, for 2008 they will be 41 $284,100, and for 2009 they will be $299,725. He added a joint powers agreement for police 42 services with the City of Falcon Heights will be brought to Council for approval next month. 43 44 Motion by Councilmember Thuesen, seconded by Councilmember Stille, to adopt Resolution 06- 45 030, re: police contract with City of Lauderdale. 46 47 Motion carried unanimously, City Council Regular Meeting Minutes March 14, 2006 Page 4 1 VII. REPORTS FROM CITY MANAGER AND COUNCILMEMBERS. 2 City Manager Morrison reported the following: 3 • At the next Council meeting on March 28 there will be two Planning Commission issues; 4 four department head reports; and an update from Three Rivers Park on Silverwood Park. 5 • March 30 is League of Minnesota Cities Capital Day. 6 • On April 1 there will be a meeting with former elected officials. 7 . On April 18, starting at 6:00 p.m., there will be a joint meeting with the Planning 8 Commission as well as tabletop exercises to review emergency plans. 9 . The 2006 to do list and the 2006 goals were updated. 10 • The City received a grant from Hennepin County in the amount of $2,700 for the 2005 11 fall storm. 12 • Silver Lake Village redevelopment received an excellence award from the NAIOP. 13 • The City received a letter from a long -term resident and former mayor regarding talented 14 police and fire personnel. 15 16 Councilmember Horst stated at the end of February he attended a board meeting with the Sister 17 City Association where they discussed the sculpture artist's visit and collecting funds. Next, the 18 Association will set up the agenda and itinerary for the artists May arrival. 19 20 Councilmember Stille stated on February 27 and 28 he participated in an interview committee for 21 a new school superintendent, where they interviewed six applicants, and a selection may be made 22 tonight. He added on March 13 he attended the joint Park Commission / Council meeting. 23 24 Councilmember Thuesen had no report. 25 26 Acting Mayor Gray indicated that he attended the North Suburban Communications Commission 27 meeting on March 3, and noted a scholarship, sponsored by North Suburban and Comcast is 28 available for individuals with a mass communications, journalism, or television production field 29 of study. He added applications can be obtained at the City office with a deadline of April 14. 30 31 VIII. COMMUNITY FORUM. 32 Acting Mayor Gray invited residents to come forward at this time and address the Council on 33 items that are not on the regular agenda. 34 35 Hearing none, Acting Mayor Gray moved forward with the agenda. 36 37 IX. INFORMATION AND ANNOUNCEMENTS. 38 Councilmember Stille noted the Huskies play Concordia tonight and congratulated the basketball 39 team for making it this far. 40 41 X. MISCELLANEOUS INFORMATIONAL DOCUMENTS. 42 None. 43 44 XI. ADJOURNMENT. 45 Acting Mayor Gray adjourned the meeting at 8:02 p.m. 46 47 Motion carried unanimously. 2 4 5 9 10 11 City Council Regular Meeting Minutes March 14, 2006 Page 5 Respectfully submitted, Cheryl Felix TimeSaver Off Site Secretarial, Inc. = 11 FIRS G - ayor