Minutes - Council - 05/28/1991 - Laserfiche WebLink

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Case g'/B: Development Agreements Tax Increment Financing District #5 Mrs. Helling reported that the TIF Development Agreements for Chestnut Hills, Cedar Hills and Windemere Woods have been discussed many times during 1990 and 1991 and as of today, all agreements have been signed by the developers and securities have been pledged. However, the various financial projections and projected tax increases to be generated for TIF District #5 should be updated based on new legislation as well as current debt service. Staff is recommending there be an amendment to the agreements that would include a clause that the City and the developers will need to have the following: 1) An updated analysis of tax increment; 2) an analysis of debt service; 3) estimated cost of public improvements; 4) Finance Officers review of financial statements submitted; and 5) and if all this is not accomplished within 60 days, the agreement shall be terminated. Mr. John Peterson of Good Value Homes, Developer of Chestnut Hills, stated that he and the other developers involved agree to the proposed addendum to the Development Agreement. Motion by Councilmember Peterson and seconded by Councilmember Beyer to authorize the Mayor and Acting City Administrator to sign the amended Development Agreements for the plats located within TIFD#5 of Cedar Hills, Chestnut Hills and Windemere Woods on behalf of the City of Ramsey. Motion carded. Voting Yes: Mayor Gilbertson, Councilmembers Peterson, Beyer and Hardin. Voting No: None. Absent: Councilmember Cich. Case #8: Establish Ad Hoc Committee to Consider Status of Phase II MUSA Expansion City Engineer Jankowski stated that the City has been working on an expansion of its MUSA area for several years. The first phase of that expansion was granted in 1989 and there was a contingency attached to Phase II of the expansion. City Staff has been told by the Metropolitan Council Staff there will be a request to deny Phase II of the expansion based on traffic impacts to Highway #10. City Staff has asked Met Council to delay formal action until both City Staff and Met Council Staff have a chance to meet and come to a mutually acceptable alternative. Mr. Jankowski requested that City Council establish an ad hoc committee to review the details of the MUSA expansion. Motion by Councilmember Beyer and seconded by Councilmember Hardin to establish a MUSA Expansion Ad Hoc committee consisting of City Administrator Schroeder, City Engineer Jankowski, Mayor Gilbertson and Councilmember Peterson. Motion carded. Voting Yes: Mayor Gilbertson, Councilmember Beyer, Hardin and Peterson. Voting No: None. Absent: Councilmember Cich. Case g9: Adopt Ordinance Amending Chapter 7 of the City Code by Permitting Licensing Fees to be Set by Council Resolution Motion by Councilmember Hardin and seconded by Mayor Gilbertson to adopt Ordinance g91-08 which is an ordinance amending Chapter 7 of the City Code entitled "Licensing and Permits" by the amendment of Section 7.01.10 entitled "Fees". Motion carried. Voting Yes: Mayor Gilbertson, Councilmembers Hardin, Beyer and Peterson. Voting No: None. Absent: Councilmember Cich. City Council/May 28, 1991 Page 10 of 13