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! I I I I I I I I I I I I I I Mr. Harp provided the EDC with a letter in response to the review letter from the City Engineer and Zoning Administrator, which has been attached to these minutes as Appendix A. In the letter, AMSCO responds to each item of the review letter. After reading the letter presented by AMSCO, it appeared that there were only three items for discussion; # 5, site access; # 6, the design of driveway, off-street parking, loading facilities and their hard surfacing; and # 7, utilities. Mr. Harp expressed concerns as to the ability of the City to require someone to sign a petition or be in favor of a petition as required by items 5 and 7 in the review letter. Mr. Harp was also concerned with the City, requiring him to pave and curb the entire parking and driveway area as Azurite Street N.W. has not been improved or paved to public standards, which could cause some readjustments of the road elevation and additional cost to realign the driveway and curbing for the City street. Mr. Harp did agree to hard-surface and curb around the parking area along the building; however, he did not feel it was necessary to pave the driveway and loading areas at this time because of possible future expansions and because Azurite Street N.W. is a dirt street. Mr. Gromberg informed the EDC that the City does allow for financial guarantee to be pledged to complete the improvements within a period of one year. Commissioner Kent inquired if the City had any programs available to help alleviate the cost of such financial guarantee. Mr. Gromberg replied the City does not currently have any such programs. However, with the future funding of the Revolving Loan Fund or the Economic Development Authority, the City may be able to develop some type of program to provide financial guarantees in the future. Commissioner Fults indicated that bonds and letters of credit are not that expensive for a business, however, they do affect the amount of capital or line of credit that may be available from a bank or lending institution. This could cause hardships for a business in its formative years. Mr. Harp did indicate that it would be a hardship to arrange for a financial guarantee for the future paving and curbing of the area proposed. Motion by Commissioner Gorecki and seconded by Commissioner Nelson to not require the owner to participate in petitions for public improvement projects in the future. The improvements and their value to the property owners should stand on their own and business owners should not be required ~to waive any of their rights to petition in opposition of an improvement project bY applying or receiving approval of a site plan. Motion carried. Voting Yes: Chairman Wagner, Commissioners Fults, Gorecki, Kent, Nelson, Schroeder, Ullen and Vevea. Voting No: None. Absent: Commissioner Greenberg. Motion by Commissioner Kent and seconded by Commissioner Nelson to place a case on the February EDC agenda addressing the intent of the requirement of business owners that apply for site plans to participate in petitions for possible future City improvement projects. Motion carried. Voting Yes: Chairman Wagner, Commissioners Fults, Gorecki, Kent, Nelson, Schroeder, Ullen and Vevea. Voting No: None. Absent: Commissioner Greenberg. Motion by Commissioner Schroeder and seconded by Commissioner Nelson to recommend a two year financial guarantee to be made available to the City for the paving and curbing of the driveway, parking and loading areas at the time that Azurite Street N.W. is improved. Further discussion. The City should review the possibility of making this financial guarantee in the form of ~tn agreement under the Rrevolving Loan Program or another City program to reduce the cost of the financial guarantee to the business owner. Economic Development Commission / January 20, 1993 Page 3 of 4