Minutes - Council - 09/14/1993 - Laserfiche WebLink

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'1 I I I I I I I I I I I I I ! I I Discussi0$~ ensued regarding the SAC and WAC charges and pawnbroker and used car dealer li~ns~ fees. Very large increases were suggested for pawnbrokers license fees and used car cSealg licence fees. City Attorney Goodrich felt that such a large increase should include aIfindings as to the reason for it. Chief Auspos felt that such an increase in the pawnbr ~ol~ license fee would not be justified with police time. Council directed Staff to review the rates and charges again and revise some of the charges. Motion by Couneilmember Hardin and seconded by Councilmember Beyer to adopt Resolufio/~ ~93-09-183 adopting the 1994 schedule of rates and charges with the direction that Stall,view the used car dealer license fee and the pawn shop license fee, specifically, and bring ~)ack a recommendation for the charges for those items. Motion ct~ried. Voting Yes: Mayor Gilbertson, Councilmembers Hardin, Beyer and Zimmetman. VotingNo: CouncilmemberPeterson. Case #15: Tax Increment Revenue Notes for Wood Pond Projects City Ad~. '.ffis~tor Schroeder stated that on May 31,1991, the City entered into agreements for the development of Cedar Hills and Chestnut Hills Subdivisions. On October 31, 1991, tho Windemere Woods Development Agreement was signed. These three subdivisio~ s were housing tax increment (TIF) projects in that there were extraordinary trunk sewer charges. The three developers are obligated for these special trunk charges through aS. sesSments which the Council has previously levied. Mr. Schroeder continued by stating ~hat contemplated in the development agreements is that the City will reimburse each developer for principal and interest (8%) up to the lessor of the above costs of 97% of the available tax increment. The vehicle used within the agreements is a tax increment revenue note for each subdivision. He further explained that upon delivery of the Revenue notes scheduled for December 1, the notes begin accruing interest. The City will begin receiving t0x increment from the projects in 1994 for a February 1995 initial payment. The last paYmOnt will be in the year 2000. If increment is not sufficient to pay off each note, the note is/~refired anyway. Any excess increment is retained by the City. Each developer receives orily the increment generated by his subdivision. Motion bY~CoUncilmember Zimmerman and seconded by Councilmember Beyer to adopt Resolution 093-09-I84 issuing its $205,300 TIF Revenue note 1993A to Good Value Homes, Ing. Motion c ~agried. Voting Yes: Mayor Gilbertson, Councilmembers Zimmerman, Beyer, Hardin and Peterson. Voting No: None. Motion byiCoun¢ilmember Beyer and seconded by Councilmember Zimmerman to adopt Resoluticm #93-09-185 issuing its $234,042 TIF Revenue note 1993B to M.S. Astleford Company. '. Motion c ,agried. Voting Yes: Mayor Gilbertson, Councilmembers Beyer, Zimmerman, Hardin and Peterson. Voting No: None. Motion by l~Councilmember Zimmerman and seconded by Councilmember Beyer to adopt Resolution3 ~93-09-186 issuing its $106,756 TIF Revenue note 1993C to Windemere Woods of Ramsey. Motion catlried. Voting Yes: Mayor Gilbertson, Councilmembers Zimmerman, Beyer, Hardin and Peterson. Voting No: None. City Council/September 14, 1993 i Page 10 of 13