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Motion carried. Voting Yes: Mayor Heitman, Councilmembers Sorteberg, Cox, <br />Reimann and Schlueter. Voting No: None. <br /> <br />Mr. Swedal noted that he was assessed and paid for storm sewer improvements in <br />Bowers Mississippi Acres and he is not in favor of paying for more storm sewer <br />improvements in the city. <br /> <br />~ Requ~s; For Final Plat Approval Of River's Bend Second Addition; <br /> Ca~ Of River's Bend Properties: <br /> <br />Ms. Norris stated that DNR has reviewed the plat and has not objections to it. <br /> <br />Motion by Councilmember Cox and seconded by Councilmember Schlueter to adopt <br />Resolution #86-113 approving the final plat of River's Bend Second Addition <br />with a variance to the width requirement for Lot 3, Block 1 and contingent upon <br />the developer entering into a development agreement with the City. (Please <br />refer to resolution file for Resolution #86-113). <br /> <br />Motion carried. Voting Yes: Mayor Heitman, Councilmembers Sorteberg, Cox, <br />Reimann and Schlueter. Voting No: None. <br /> <br />R~qu~st For City Participation (Tax Increment Financing Funds) In <br /> River's Bend Plaza P.U.D.; Case Of Mr. Rick Foster: <br /> <br />Ms. Norris stated that Mr. Rick Foster is present requesting tax increment <br />financing for site improvements in the River's Bend Plaza P.U.D. Planning and <br />Zoning and Economic Development recommend approval of the request contingent <br />upon review by City Engineer. <br /> <br />Motion by Councilmember Sorteberg and seconded by Councilmember Reimann to <br />adopt Resolution #86-114 approving of Mr. Rick Foster's request for tax <br />increment financing assistance and site improvements in the River's Bend Plaza <br />P.U.D. not to exceed $173,000 and directing Staff to modify the City's tax <br />increment financing documents to include site improvements as eligible <br />activities and costs and to include the River's Bend Plaza P.U.D. in a tax <br />increment financing district. (Please refer to resolution file for Resolution <br />#86-114). <br /> <br />Further Discussion: Councilmember Schlueter requested that the resolution <br />contain a description of the proposed site improvements. Mr. Hartley the firm <br />of LeFevere, Lefler, Kennedy, O'Brien & Drawz will review the expenditures to <br />make sure they are consistent with what is legal to be financed. <br /> <br />The motion was restated as followsw: <br /> <br />Motion by Councilmember Sorteberg and seconded by Councilmember Reimann to <br />adopt Resolution #86-114 approving Mr. Rick Foster's request for tax increment <br />financing assistance and site improvements in the River's Bend Plaza P.U.D. not <br />to exceed $173,000 and directing Staff to modify the City's tax increment <br />financing documents to include site improvements as eligible activities and <br />costs and to include the River's Bend Plaza P.U.D. in a tax increment financing <br />district. Further, that the resolution itself should specify an amount not to <br />exceed $173,000; and that any final resolution in this tax increment financing <br />program shall include a specific description of expenditures. <br /> July 22, 1986 <br /> <br />Page 8 of 17 <br /> <br /> <br />