2019.01.07 CC Packet - Laserfiche WebLink

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calendar year, which prevents them from holding other events if all twelve permits are used for Purse Bingo at the Legion. Merrick is applying for a Premises Permit to allow them to conduct gambling in the form of Bingo at the Legion without the need for the Off -Site Permit. The City needs to approve the Premises Permit application before it is approved by the MN Department of Public Safety, Alcohol and Gambling Control Board. This permit will be accompanied by a lease agreement between the Hugo American Legion and Merrick, which includes a condition that only Purse Bingo will be done at the Legion by Merrick. Staff recommends Council approve the Premises Permit application for Merrick, Inc. to conduct gambling at the Hugo American Legion. G.24 Approve Resolution Designating Precinct Polling Places for 2019 A change made during the 2017 legislative session to State Statute which discusses polling place designations. State law now requires municipalities to designate precinct polling places for all elections for the year by December 31 of the prior year. Staff recommends Council approve the resolution designating the precinct polling places for 2019. G.25 Approve Reduction in Letter of Credit for Adelaide Landing lst Addition Adelaide Landing has had significant work completed to date and the developer is requesting a second reduction in the letter of credit for the lst Addition. The current letter of credit is in the amount of $700,000. Staff has inspected the work completed to date and recommends Council approve the reduction in the letter of credit to $500,000 based on the value of work remaining to be completed. G.26 Approve Reduction in Cash Escrow for Oneka Place Oneka Place has had significant work completed to date, and the developer is requesting an initial reduction in the cash escrow. The current letter of credit and cash escrow for the improvements is in the amount of $1,916,036. Staff has inspected the work completed to date and recommends reducing the cash escrow by $183,000 based on the value of work remaining to be completed. The remaining value of the combined cash escrow and letter of credit for the improvements will be in the amount of $1,733,036. Additional cash escrow remains above and beyond the amount for the improvements and is intended for inspection and engineering services, etc. Staff recommends Council approve the reduction in cash escrow for the Oneka Place development. G.27 Approve Release of Letter of Credit for Fox Meadows Fox Meadows has gone through the warranty period with all necessary punch list items being addressed to the satisfaction of City staff. The $147,900 letter of credit being held in place for the duration of the warranty period can be fully released as outlined in the Development Agreement. Staff recommends Council approve the release of the Letter of Credit for Fox Meadows