2020.07.20 CC Packet - Laserfiche WebLink

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G.5 Approve Resolution Terminating TIF District No. 1-2 and Directing County to Decertify The City’s downtown tax increment district was certified by the county in 2010. Through 2019 this district has not generated any tax increment and there is no outstanding debt or contractual obligations. Minnesota statutes require that this district be decertified. Staff recommends Council adopt a Resolution Terminating TIF District No. 1-2 and directing the County Auditor to Decertify the District Effective December 31, 2020. G.6 Approve Reduction in Letter of Credit for Adelaide Landing 5th Addition Adelaide Landing 5th Addition has had significant work completed to date and The Excelsior Group is requesting a reduction in the letter of credit. The current letter of credit for the 5th Addition is in the amount of $3,032,318. Staff has inspected the work completed to date and recommends Council approve the reduction in the letter of credit to $2,192,740 based on the value of work remaining to be completed. G.7 Approve Board of Trustees Request for Increase in Lump-Sum Pension The Board of Trustees for the Hugo Firefighter’s Relief Association has formally requested City Council ratification of an increase of $100 per year of service in their lump-sum pension benefit. The Finance Department has reviewed this request and finds it to be financially feasible and consistent with the Pension Fiscal Policy adopted in April, 2012. Staff recommends Council ratify the Board of Trustees’ request for a $100 increase in their lump-sum pension benefit and corresponding change to their by-laws. G.8 Adopt Feasibility Study for Lions Park Improvement Project At the City Council meeting of April 20, 2020, a feasibility study of Lions Park was authorized. A master plan for Lions Park was approved on March 2, 2015. The feasibility study revised the master plan for consistency with anticipated residential development and road projects adjacent to the park. A joint Parks Commission and City Council workshop was held on June 29, 2020 to review the updated master plan options and cost estimates. At their July 15, 2020 meeting, the Parks Commission recommended approval of the final master plan and feasibility study for Lions Park. K.1 Resolutions Approving Hugo Gardens Preliminary Plat and PUD Amendment Hugo Garden Apartments, LLC is requesting approval for a PUD amendment and preliminary plat for “Hugo Garden Apartments,” to allow construction of 84 apartment units in seven buildings. The property is part of LaValle Fields PUD and Outlot B will be platted as a single lot to accommodate the new apartments. Staff recommended approval of the applications, subject to the findings and conditions listed in the resolutions. At its May 14, 2020 meeting, the Planning Commission discussed the applications and held a public hearing. During the public hearing, a resident came forward and shared concerns with the apartments being within close proximity to the road. The Commissioners generally liked the proposal and agreed the products will be a nice addition to the community. The Planning Commission recommended approval of the resolutions approving the PUD Amendment and Preliminary Plat for “Hugo Garden Apartments.”