1999.05.24 CC Minutes - Laserfiche WebLink

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MNUTES FOR THE HUGO CITY COUNCIL MEETING OF MAY 24,1999 The Mayor reconvened the regular Council meeting of May 17, 1999 at 7:00pm. PRESENT: Barnes, Haas, Leroux, Petryk, Stoltzman City Administrator, Robert Museus City Attorney, Greg Galler City Engineer, Tom Angus Finance Director, Ron Otkin Ehlers & Associates, Rusty Fifield The City Administrator requested that the Council consider a letter from the City Engineer recommending the Council approve issuance of Certificates of Occupancy for Creekview Preserve Phase 1. Barnes made motion, Stoltzman seconded, to approve issuing Certificates of Occupancy for Creekview Preserve, Phase 1, as recommended by the City Engineer, with the condition that the warranty period for public improvements will not begin until such improvements are accepted by the Council. All aye. Motion Carried. Following introduction of City staff and consultants present at the meeting, the City Administrator provided a brief history of development in the BEIP, including those issues that led the City to become involved in the project, as well as the established goals and objectives. Rusty Fifield of Ehlers and Associates, who has assisted the City in the creation of the economic development district No. 1, and tax increment financing district No. 1, explained to the Council the current financial situation of the Park project, as well outlining a proposed long-term financing plan. Mr. Fifield explained that it would require an additional $4,000,000 worth of development in the Park, either in public or privately -owned property, during the next two years in order to fully fund repayment of the bonds issued for the project. He expected the City would replace the temporary bonds issued for the project with permanent bonds in late year 2000. The City Administrator then provided the Council with a list of 21 contacts that have been made over the last 15 months, with potential industrial property buyers. Pete Willenbring, the City's Water Resource Engineer, made a brief presentation on the status of the 13 acres of wetlands identified on the site. He was followed by Kate Drewry, administrator for the RCWD, who stated that the District was willing to work with the City to provide a long-term plan for the restoration and/or mitigation of the wetlands in the Park. Councilman Haas then recommended that the Council consider hiring a third -party firm to review the Industrial Park project in order to improve the Council's understanding of industrial -development processes, and show due diligence in the Council's oversite responsibilities.