Agenda - Council - 04/26/1983 - Laserfiche WebLink

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I ,I., h') '-.::~-~;. letter of credit. Mr. Berg stated that in the case of land as collateral, the City would be the first mortgage holder of the land and tha~ the land must be free and clear. Discussion ensued regarding bonding, letter of credit and cash flow. Commissioner Fults also noted that point #4 of his motion regarding EDC reviewing requests for municipal sewer and water should be a simplified process so as not to present another hoop for developers to go through. Mr. Berg stated that EDC would be reviewing philosophy of extending and developing and its affects on the community and this review should not affect the developer's time table. Mr. Berg stated that City Staff will support EDC's recommendation to include the provision of land as collaterall~qnd that the City Attorney could, upon Council's request, including wording in t~ ordinance that would be defendable in court. I. I I I I I I f) I I I I I I I /,' - '\ \ . ' ) 1/ I Motion carried. Voting Yes: Chairman Greenberg, Commissioners Menkveld, Miller, Muller, Fults, Schneider and Cox. Voting No: None. Absent: Commissioners Guy, Sentyrz and Schmidt. Chairman Greenberg called for nominations for representative of EDC to attend the public forum regarding utility assessment ordinance to be held on April 19, 1983 at Ramsey Elementary School.. Commissioner Schneider stated that EDC's representative to that public forum should address the issue of bonding and it's benefits to the City, that it is a very persuasive point. Commissioner Cox agreed that the residents should be informed of the pluses. Mr. Berg stated that most likely developers present at the forum will also address the subject of bonding and it's potential benefit to the City. Mr. Raudio stated that he as a developer, will be careful not to present a biased case at the forum, that he intends to obtain back-up to his input from the County. He also noted that citizens are reluctant to accept his input' because he is a developer. Commissioner Cox stated that if it weren't for the developers, 90% of Ramsey's population would not be in Ramsey, that Ramsey is made up of developments, not individual properties. Commissioner Fults, on the subject of an article regarding metro property values presented to the Commission at their meeting on April 13, 1983, stated that he has discussed the arti cl e with the City Assessor and it has been determined that there are inaccuracies in that article. Motion by Commissioner Cox and seconded by Commissioner Miller directing Commissioner Fults represent the EDC at the public forum scheduled for April 19, 1983. ' Motion carried. Voting Yes: Chairman Greenberg, Commissioners Menkveld, Miller, Muller, Fults, Schneider and Cox. Voting No: None. Absent: Commissioners Guy, Schmidt and Sentyrz. Commissioner Cox stated that he would assist Commissioner Fults in preparing data to present at the forum. Sp EDC/April 15, 1983 Page 3 of 4 / "