CCWS 10-18-2004 - Laserfiche WebLink

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ARDEN HILLS CITY COUNCIL WORKSESSION October 18, 2004 9 . Community Development Director Clark noted that the problem with requests for proposals is that it may take up to 9 months or longer before the project can begin and that small single site requests usually do not solicit solid proposals. Clark stated that he will have an appraisal done on the property to determine its market value. TeAAP Interim Al!reement Community Development Director Clark passed out a copy of the proposed TCAAP interim agreement for City Council's review. The developer has already reviewed and agreed to the proposed agreement extension language. The original development agreement expires on November 8th Mayor Aplikowski announced to the City Council that they should contact staff members if they have any problems with the proposed agreement before next Monday's City Council meeting. Councilmember Grant was wondering what staff thought about the proposed extension. Community Development Director Clark believes that the proposed agreement will keep the project alive for the next 6 months. Essentially, the 6 month extension gives us extra time to create a funding plan. Mayor Applikowski noted that the City should not move forward with the CRR agreement if we . do not want to be a part of this agreement. ~ Councilmember Rem wondered why the Economic Development Commission (EDe) is reviewing the funding options for TCAAP and not the City Council. Community Development Director Clark stated that the EDC will be asked to investigate potential funding options for the TCAAP site. The original plan is to have the EDC spend a minimum of 12 hours researching this project. If would be difficult for City Council members to arrange 12 hours of their time to review this part of the project. The EDC is being utilized to complete the ground work for the City Council. The Economic Development Commission will review the following issues: . Potential Funding Options; . Review Similar Projects; . Review the Different Ranges of Financial Assistance Available; . Review the Potential Impact on Arden Hills. Councilmembers are always welcome to attend the EDC meetings. Mayor Aplikowski mentioned that there are numerous funding sources available for these types of proj ects. . Members of the City Council agreed to discuss the six month extension of the TCAAP interim agreement at the next City Council meeting.