Minutes - Council - 09/24/1985 - Laserfiche WebLink

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Motion by Councilmember Sorteberq and seconded by Council~ber Schlueter to amend the development agreement ~xisting between Ru~ River Hills, Ru~ River Meadows and the City of Ramsey to include: 1. It be demonstrated, to a hydrological certainty, that this area is capable of ponding the water to accommodate a 100 year storm. Providing a performance bond guaranteeing construction of that pond within one year of October 1, 1985 in an amount to be established by the City Engineer. That a clause be imposed in the restrictive covenance that requires those lots to consent to future asses~ents in the event the City needs to maintain that pond. Further Discussion: Councilwe~ber Reimann noted that there is a 40 year limit on the covenance and inquired if the covenance can be renewed. Mr. Dorn replied that private restrictions cannot be imposed beyond 40 years; if the c~ners agree to it, the covenance can be renewed. Motion carried. Voting Yes: Mayor Heit~an, Councilmembers Sorteberg, Cox, Reimann and Schlueter. Voting No: None. Case$3: Tax Increment Financing: A. Discussion Of Funding For Proposed Tax Increment District:. Ms. Norris stated that she met with Evensen-Dodge, Inc. to discuss M&S Develo~ent's request for financial assistance for site improvements through tax increment financing. Mr. Burrgraaff recommended that Ramsey enter into a development agreement to reimburse M&S for costs incurred for site improvements; the City can reimburse M&S either through a bond sale or through tax increment monies when they are received; payback frc~ tax increment funds is the best way to go. Councilmember COx stated that there has been some concern expressed regarding that the play area and ponding area be fenced from Hwy. #47; would the developer be agreeable to increasing the amount of the financial assistance requested in order to provide for fencing the perimeter of the site? Leonard McLaughlin - Stated that providing fencing puts a great impact on the developer and investor; fencing gives false security and presumes that the developer and investor are assuming liability; screening is more successful than fencing. Mr. Schnelle stated that the issue of fencing and screening can be addressed at the time of Site and Design Plan. Ms. Norris noted that Council is being asked to modify the Tax Increment Plan in manner that would allow site improvements to be eligible expenses within that Plan. Mr. Schnelle stated that the City should have a process in place by which September 24, 1985 Page 11 of 21