1998.07.20 CC Minutes - Laserfiche WebLink

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City Council meeting of July 20, 1998 Page 3 Barnes made motion, Miron seconded, to adopt RESOLUTION 1998-24, A RESOLUTION APPROVING THE ESTABLISHMENT OF THE REDEVELOPMENT PROJECT AREA NO. 1 AND THE ADOPTION OF A REDEVELOPMENT PLAN FOR THE AREA, with an amendment to provide a map showing parcels included in this plan. VOTING AYE: Arcand, Barnes, Goiffon, Leroux, Miron Motion carried. RESOLUTION REQUESTING EDA TO ISSUE PUBLIC PROJECT REVENUE BONDS TO FINANCE FIRE STATION PROJECT Council considered a resolution requesting the City's EDA to issue public project revenue bonds to finance construction of the proposed fire station for the community. Barnes made motion, Goiffon seconded, to adopt RESOLUTION 1998-25, A RESOLUTION REQUESTING ECONOMIC DEVELOPMENT AUTHORITY TO ISSUE $1,165,000 PUBLIC PROJECT REVENUE BONDS, SERIES 1998 (City of Hugo Lease With Option to Purchase Project). VOTING AYE: Arcand, Barnes, Goiffon, Leroux, Miron Motion carried. Barnes made motion, Miron seconded, to recess the City Council meeting to allow for the Economic Development Authority to meet to consider the project redevelopment plan and the potential bond issue, at 7:45PM. All aye. Motion carried. Mayor Miron reconvened the meeting of the City Council at 8: l OPM. SECOND AMENDMENT TO VACANT LAND PURCHASE AGREEMENT (ROY MOLITOR) The City Attorney presented an amendment to the Vacant Land Purchase Agreement dated March 25, 1998, for property located at 13676 Fenway Avenue North. The amendment provides for two separate closing dates on three separate parcels of land, the last one occurring no later than August 31, 1998. It also prorates the amount due at each closing to total the purchase price of $1,112,000, and states the assessment shall be deferred with no interest for the maximum time allowed by law or until the property is either divided or sold. Miron made motion, Jim seconded, to direct the City Water Engineer to determine the future use of the property with the impacts of existing or additional wetlands, and to determine whether the drainage, if corrected, would have any impact on it. All aye. Motion carried.