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I <br />I <br />I <br /> <br />City Attorney Goodrich replied that there are some restrictions with the land in <br />MPCA, but the City will have a 60-day window to review all of that and if they <br />cannot accept the property they can back out of the agreement. <br /> <br />Councilmember Anderson stated that she wants to make sure that the City ret <br />possible environmental study. <br /> <br />as <br /> <br />! <br />! <br /> <br />Councilmember Hendriksen stated that on the west side of Su~sh are <br />monitoring wells, and inquired as to what the status was on they are <br />pumping. <br /> <br />City Engineer Olson reviewed the status of those wells. <br /> <br />I Councilmember Zimmerman inquired since they the land will <br /> it be a conflict that they are planning on using the property as a park. <br /> <br />City Administrator Norman suggested that they acquire the land time then deal with <br />that issue at a later date. <br /> <br />Councilmember Kurak inquired a landlord on properties that <br />currently exist on the property~iii:~? <br /> <br />City Attorney Goodrich replied that the of any lease the renters <br />may currently have. He noted that the agent repressing Waste <br />Management and they:have indicated that attempt to give notice to the renters before <br />closing. /:~771:!:,ii;~:~& <br /> <br />Councilmember Hendriksen;requested that review where the 1.6 million <br />':":i acqu~i~e land. <br />dollars COme.from to <br /> <br />City Administ/*af°r Normaff has authorized a TIF-bond, which will be a <br />ten year note and: paid:back by the future tax increment the City receives from development of <br /> <br />Councflmember HendnksenmqUlred as to the amount of bonds that will be sold. <br /> <br /> . · · "' '" 'Z:¢::/'' · . · . <br />C~ty Adm~ms~or Norn~i~ rephed 1.6 mllhon plus closing costs. <br /> <br />Councilmemb~Zi~e~an inquired if ~e taxes collected on the prope~ will pay for ~ose <br />bonds, d': <br /> <br />Ci'W ~d~istrator Noman replied yes. <br /> <br /> Ci~ Coune~Oetober 9, 2001 <br /> Page 11 of 24 <br /> <br />-57- <br /> <br /> <br />