Agenda - Council - 04/10/2001 - Laserfiche WebLink

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and Zimmerman. Voting No: None. The public hearing closed at 7:10 p.m. Council Business Mayor Gamec called the regular City Council meeting back to order at Councilmember Hendriksen asked what property is covered City Engineer Jankowski used a site plan to identify the Councilmember Hendriksen noted another agenda QCTV building and asked if a building can City Administrator Norman stated Staff has a suggestion on may be better suited for such a building. He stated he would QCTV discussion. the construction of the across the street which that alternate during the City Attorney Goodrich there are two phases; one covering the and then if requirements are met, Sharp'"~l ;s~diates, LLC rest of the property and construct a s~mdarly valued structure. '~% Councilmember Hend~en asked if Staff ~ ~ plus for ph~es. City Adminis~atbr No~afi;.~mted he has seen~'~ Dennis gh~, applicant, pr~nted a site plami~:{¢ing what they ~e proposing to construct Phas$ i,;n°fing the second P~ion..~tha~ cou[~:~' constructed as an addition, plus ~o additional buddings sometimes..~,:~.~.;.,. ,~.:~:~,,;'m"t~e}:~(~'¢~:~?~(~? .,~'¢:C':'~6fi'nalmember He~en asked if there is a co~i~ent to build me additional ~o buildings. Ci~ Att~eY. Goodfich &i~d' ~a~eement is not yet si~ed but mere is potential that all of ~s land would"~:~:~transfe~ed?i6~''m. Sham. If the requirements are met ~d ~e second set of bmld~ngs are'.~nstmcted; Mr. Sha¢ will receive back the $375,000 over the hfe of ~e a~eement on a pay-as-you-go TIF. ~e prope~ would all be deeded i~ediately subject to a lien ag~eemeni~d requirement to build the first building. If ~. Sha~ wants to get back th~ ,$375,000 paid':~;w, he has to build an additional $3 million valued prope~. In addition' Mr. ':~:::Sha¢ is reqUired to create 19 new jobs. · :~., ', , ~, ,. councilmember Hendfiksen asked if Mr. Sha¢ will own all four building sites a~er ~e first bu~,!,ding is constructed. City Council/March 13, 2001 Page 5 of 31 -87-