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ARDEN HILLS CITY COUNCIL – SEPTEMBER 28, 2015 7 <br /> <br />City Attorney Jamnik believed that the City was adequately secured to make sure the promised <br />improvements would be made by both Frattallone’s and Hemisphere Restaurant Partners. <br /> <br />The motion carried 3-1 (Holmes opposed). <br /> <br />C. Assignment of Development Agreement – Arden Plaza, LLC and Hemisphere <br />Restaurant Partners <br /> <br />Councilmember Holmes requested further information on this item from staff. She believed that <br />this item was important enough and should not have been on the Consent Agenda. <br /> <br />Associate Planner Bachler discussed the proposed development agreement between Arden <br />Plaza, LLC and Hemisphere Restaurant Partners. He noted that Arden Plaza, LLC has requested <br />approval of two separate agreements in order to clarify certain terms and obligations between the <br />parties, while also transferring a portion of the property for the development of the Tavern <br />Restaurant. He reported that if these terms or responsibilities were not being met by Hemisphere <br />Restaurant Partners, the City could then follow up with this property owner and would not have to <br />be in contact with Arden Plaza, LLC. <br /> <br />MOTION: Mayor Grant moved and Councilmember McClung seconded a motion to <br />Approve the Assignment of the Development Agreement between Arden <br />Plaza, LLC and Hemisphere Restaurant Partners. <br /> <br />Councilmember Holden asked if the City would be charged by the City Attorney to prepare the <br />assignment agreement documents. <br /> <br />City Attorney Jamnik commented that the Seller prepared the documents and his review of the <br />documents would be charged back to the Seller. <br /> <br />The motion carried 3-1 (Holmes opposed). <br /> <br />8. PUBLIC HEARINGS <br /> <br />None. <br /> <br />9. NEW BUSINESS <br /> <br />A. Set Preliminary Levy and Establish Truth-In-Taxation Public Hearing Date <br />for Proposed Taxes Payable in 2016 <br /> <br />City Administrator Klaers stated that the proposed maximum tax levy needs to be approved by <br />the City Council and certified to Ramsey County by the end of September 2015. The final 2016 <br />tax levy amount is set by the City Council in December 2015, following the Truth in Taxation <br />public hearing. The proposed maximum tax levy established by the City Council in September can <br />be lowered in December but it cannot be increased in December. Accordingly, it is very important <br />for the City Council to discuss the financial needs of the City before it establishes the proposed <br />maximum levy amount.