2020.06.15 CC Packet - Laserfiche WebLink

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G.5 Approve Reduction in Letter of Credit for Adelaide Landing 3rd and 4th Addition Adelaide Landing 3rd and 4th Additions have had substantial work completed to date, and the developer is requesting a reduction in the letter of credit for both the 3rd and 4th Additions. The current letter of credit for the 3rd Addition is in the amount of $225,150. Staff has inspected the work completed to date and recommends Council approve the reduction in the letter of credit to $84,274. This is a reduction to 10% of the original letter of credit of $842,744. The current letter of credit for the 4th Addition is in the amount of $334,767. Staff has inspected the work completed to date and recommends Council approve the reduction in the letter of credit to $46,326. This is a reduction to 10% of the original letter of credit of $463,267. G.6 Approve Access License Agreement with Rice Creek Watershed District The Hugo City Council attended an informational meeting on October 8, 2019 about a repair project of Judicial Ditch 3 by Rice Creek Watershed District. Rice Creek Watershed District is requesting temporary use of the main entrance to Clearwater Creek Preserve Park to access to the ditch for the purposes of the repair project. Staff recommends Council approve the Access License Agreement with Rice Creek Watershed District. G.7 Approve Scheduling of Public Hearing on Bond Issuance for Monday, July 6, 2020 Staff continues to work with engineers and architects on designing a new public works facility at Irish Avenue Park. Concurrently, administrative procedures must be followed if capital improvement plan bonds are going to be issued to finance this facility. State statutes require that a public hearing be held to take comment on the proposed capital improvement plan and subsequent bond issuance. Staff is recommending a public hearing be held on Monday, July 6th at 7:00 p.m. at which the public is encouraged to participate. J.1 Victor Place PUD Amendment and Site Plan Pratt Ordway Properties is requesting approval of a PUD amendment and site plan to allow construction of a single story, 13,879 square foot office/retail building. The development is primarily located on Lot 2, Block 1, Victor Gardens Commons and partially on Outlot A, Victor Gardens South Village. Staff recommended approval of the application subject to the conditions in the resolution, which included revisions to the architecture. After discussion, the Commission voted 4-2 to recommend approval of the PUD amendment and site plan resolution without condition 5.a. which required “The applicant shall mirror the south roof line on the north elevation.” The attached resolution reflects the Planning Commission recommendation. J.2 Recap on Lions Park Feasibility Study Workshop The Council is holding a workshop at 6 p.m., prior to this regular Council meeting, to review the Lions Park Feasibility Study. Staff is requesting Council provide direction and schedule a joint workshop with the Parks Commission on Monday, June 29 or Wednesday, July 1.