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~ . ~~HILLS Approved: July 26, 2004 CITY OF ARDEN HILLS, MINNESOTA SPECIAL COUNCIL WORK SESSION TUESDAY, JUNE 15,2004,9:30 P. M. CITY HALL COUNCIL CHAMBERS, 1245 WEST HIGHWAY 96 1. Call To Order Mayor Aplikowski called the meeting to order at 9:30 p.m. Present: Councilmembers David Grant, Brenda Holden, Gregg Larson, and Lois Rern. Staff present: Administrator, Michelle Wolfe; Conununity Development Director, Scott Clark; Others present: Development Team (CRR): Linda Belke-Picha, Marsh; Kent Carlson, Ryan Companies; John Hink, GleIDl Rehbein Companies; and Bart Rehbein, Glenn Rehbein Companies; Scott Richter, Centex. 2.A. General Meetin2 Minutes . Linda Belke-Picha gave a presentation on enviromnental insurance. She gave out a handout illustrating two different types of insurancc products. The first is pollution legal liability which protects for unknown conditions. The second insurance, often held in tandem with the first, is cost overrun coverage which covers only known conditions. She discussed that within the insurance industry premiums currently do not extend beyond 10 years and can be renewed. It was stated that the majority of new environmental issues, if any, are usually discovered early in the cleanup and development process, especially then the infrastructure is being constructed. It was discussed that the City can be named as an additional insured to the LLC. The last point raised was that the policy will be written based on State standards, relevant to the projected land use, and based on the remedial action plans that need to be implemented to achieve the specific objectives. A hand out was given illustrating thrce past projects that Marsh has insured. Michelle Wolfe reviewed a complete question and answer handout that was the subject of the May 10, 2004 meeting. A few minor changes were made and the Council did not have any additional questions outside of an inquiry regarding incorporation procedures in Delaware. Wolfe and Clark presented a proposed amended interim development agreement. The crux of the agreement was changing the status of CRR to Master Developer (under certain conditions) instead of having exclusive negotiation rights. Other items noted were increased budgets, timelines and expectations. CRR expressed their opinion that the increased escrow and budget costs, in exchange for Master Developer status, was secondary to having full support and consensus by the Council. The Council had a lengthy discussion with CRR about issues . associated with acting on a new Agreement at this time. It was resolved that CRR will be producting a plan showing the milestones for various processes, enviromnental, land use and the early transfer. In addition, a charactcrization plan will be developed summarizing actions to date \\Earth\Admin\Coullci1\Minutes\Worksession \2004\06-15-04 Special.doc