1997.06.30 CC Minutes - Special Council meeting

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MINUTES FOR THE HUGO CITY COUNCEL MEETING OF JUNE 30.1997 Acting Mayor, Jim Leroux, convened a special meeting of the Hugo City Council at 7:45PM. PRESENT: Barnes, Goiffon, Johnson, Leroux Mayor Won arrived at the meeting at approximately 8:00PM. City Administrator, Robert Museus City Finance Director, Ron Otkin City Planner, Ed Elliott The purpose of the meeting was to allow staff to brief the Council on the planning for .expansion of the Bald Eagle Industrial Park. The City Administrator went over the project's objectives with a brief description of the public improvements to be constructed along Falcon/Fenway Avenue and 134th Street. The City's Finance Director discussed potential financing for the project including the following: • Tax Increment Financing (TIF) Bond of approximately $264,000 • General Obligation (GO) Improvement Bond of approximately $1,719,000 • Use of State Aid Street Funds, in the amount of $1,320,000 The project will include assessments against benefited property owners amounting to approximately $.77 a sq ft. The City Administrator cited a possible schedule for the improvements, that would begin with purchasing the Rosemary Linden property located in the Park in July or early August of this year, and finish with the construction of Falcon/Fenway Avenue during the summer of 1998. Ed Elliott then presented the Council with copies of the draft covenants for the Park, that establish standards for site development and building construction. He requested the Council provide him feedback on the standards. The Mayor then opened the meeting for public questions and comments. Tom Jackson, 5939 Egg Lake Road, one of the property owners in the Park, questioned the need for a sidewalk along side Falcon/Fenway Avenue, and the street lights, totaling together approximately $300,000. The City Administrator responded that it is typical for the City to construct pedestrian walkways or bike paths along side collector streets, both as a safety issue, and in this case, to provide pedestrian access to the downtown area. Robyn LaCasse questioned whether the EAW, proposed for the project, would include just the Industrial Park area, or also the 80 acres of tax -forfeited property along Clearwater Creek. The response was that the Clearwater Creek project will have its own review process, but will also be considered as part of the Bald Eagle Industrial Park, since it will be used to store storm water runoff for the project. Rosemary Linden asked if the Council would be willing to make a decision whether to buy her property by January 7, 1998. The Council informed Ms. Linden that they would be making a decision at the meeting. Grace LaValle asked questions regarding the financing of the project, and whether the TIF District would apply to just Rosemary Linden's property that the City is buying, or the entire 90 -acre