Agenda - Council - 12/18/2001 - Laserfiche WebLink

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Mr. Foster replied that they would have liked to have been in before the Council sooner, but they did develop the project with the expectation that staff would come forward and recommend the loan. Councilmember Zimmerman inquired as to why TIF was not used for the project. Mr. Foster replied that the laws pertaining to TIF have changed recently, wkich made it unavailable for their project. · Motion by Mayor Gamec, seconded by Councilmember Anderson, to authorize a $150,000 Revolving Loan to Sunfish Commons Partnership, subject to the recommendations of Mr. Mulrooney dated November 19, 2001 being met as well as all loan documents being approved by the City Attorney and Economic Development Consultant Mr. Mulrooney. Further. discussion:. Co~e~iimem¢~i Kurak inquired as to what fund the money will be coming from. Finance Officer Lund repliers: that Public Improvement Revolving Fund. City Attorney Goodrich noted that h~' will be re~:~Ming that the payments be made monthly rather than an annual payment becaU~:it?i~ ~ore=:(~i:i~le. Councilmember Kurak questioned the City Attorney's opinion pertai~ii~'to?~h'~:~ity "b'~ing a junior lender if they were to default. 'City Attorney Goodrich replied thatitfi~ Ci'~¢:~ill,i~b receiving personal guarantees. Councilmember Kurak inquired as to what wd~ld ha~'ff~i{~ey were to default on the first mortgage. City Attorney Goodrich replied that the Ci~:Would go fpr~e personal guarantees. Motion carried. Voting Yes: Mayd?;::~Ga~ec, ?C~:ancilmembers Anderson, Hendriksen, and Kurak. Voting No: Councilmember Zimme~ Case #4: Request for an Interim use Pe(~' f0¢ii}~ fe~rary Office Structure and Outdoor Storage; Case of Kenk~ Inc. Commumty Development Director Frohk stated that Kenko, as s~Bm~tted an apphcat~on for an Interim Use Permit to allow them to use property lo,~,,,~3 at the northeast comer of 147~ Avenue and Ferret Street for outdoor storage and to place:~a temporary office structure on the property. Kenko is asking that the Interim Use Permit be in place for five years to allow them time to figure out how they would like to use the property. The property is currently zoned Industrial and is included in an ordinance adopted by the City Council on June 26, 2001, placing it within the boundaries of a 24-month development moratorium. The ordinance states that interim use permits may be considered during the moratorium. City Code states that an interim use permit can be in effect for a maximum of five years. The applicant is planning on placing a six-foot high chain link fence around the area to be used for outdoor storage and the mobile office building. The mobile office building will be 8' x 32' and will be used to assist their local operations. The area inside the chain-link fence will be surfaced with Class 5. Kenko has submitted a drainage and grading plan that is generally acceptable, but will require a permit from the Lower Rum River Watershed Management Organization (LRRWMO). The LRRWMO City Council/November 27, 2001 Page 9 of 22 -31-