Minutes - Council - 03/09/2004 - Laserfiche WebLink

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Motion by Councilmember Kurak, seconded by Councilmember Cook, to introduce an ordinance authorizing the sale of Lots 1 and 2, Block 2, GATEWAY NORTH INDUSTRIAL PARK PLAT 2. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Kurak, Cook, Elvig, Pearson, Strommen, and Zimmerman. Voting No: None. Case #7: Assignment of H & P Development Company L.L.C. TIF Agreement City Attorney Goodrich explained that the City is party to a TIF Contract for Private Development with H & P Development L.L.C. ("H & P") dated June 1, 2000. The subject of the Development Agreement is Lots 1 and lA, Block 1, WEST RADIUM BUSINESS CENTER FIRST ADDITION. The Development Agreement is in effect until December 31, 2012. The terms of the Agreement state that the subject property needs to generate at least $35,657 in Tax Increment per year. Recently, H & P negotiated a sale of the subject property to Diverse Development Company, LLP ("Diverse"). Diverse is comprised of two partners, one of whom is Gary Hugeback, an officer in H & P. The parties desire that Diverse be permitted to assume H & P's obligations pursuant to the Development Agreement. An Assignment and Assumption Agreement executed by H & P, the City and Diverse would effectively transfer the obligations of the Development Agreement to Diverse. Motion by Councilmember Cook, seconded by Councilmember Pearson, to enter into the Assignment and Assumption Agreement with H & P Development L.L.C. and Diverse Development Company, LLP, by which Agreement the City releases H & P Development L.L.C from its obligations and permit Diverse Development to assume those obligations of development as required by that certain TIF Development Agreement between H & P L.L.C. and the City dated June 1, 2000 and relating to the property described as Lots 1 and lA, Block 1, WEST RADIUM BUSINESS CENTER FIRST ADDITION. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Pearson, Elvig, Kurak, Strommen, and Zimmerman. Voting No: None. Case #8: Adopt Five Year Strategic Planning Goals. City Administrator Norman stated on February 2 - 3, 2004, the City Council along with its Management Team, participated in a City Leadership Strategic Planning Workshop. The workshop included leadership visioning and defining strategic focus areas. The group defined seven high-priority goals and the Council directed staff to develop action steps for each goal. The goals and action steps were reviewed by the City Council in a work session held on March 1, 2004. Goals 3 and 4 have been language corrected as suggested by the work session, as well as action step 4 under goal 3. City Administrator Norman noted goal 7 lists 6 separate projects, but it seems to be missing an action statement. This goal should have one additional bullet added at the top to state "Develop a transportation plan that identifies priorities and outlines strategies for a plan of action for the City Council/March 9, 2004 Page 14 of 22