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<br /> ARDEN HILLS CITY COUNCIL WORKSESSION - JUNE 16. 1997 2 <br /> . <br /> City Accountant Post reviewed recent state legislation which compressed property tax <br /> rates for commercial/industrial properties, and discussed the impact on Arden Hills due to <br /> our larger conunerciallindustrial property base. Mr. Post also referenced recent <br /> legislation increasing the City's portion of Public Employee Retirement Account (PERA) <br /> contributions. <br /> b. Gateway Business Distriet (GBm <br /> Conununity Development Director Ringwald provided a status report and reviewed key <br /> elements of the Gateway Business District's ongoing property acquisitions negotiations. <br /> 1. Naegele Purchase Agreement <br /> Mr. Ringwald sununarized the Purchase Agreement for acquisition oftl1e Naegele <br /> property for Council review and conunent. <br /> 2. Sale ofCitv Land (J(em Milling Site) <br /> Mr. Ringwald summarized the ongoing negotiations and proposed sale of the <br /> former Kern Milling site for Council review and conunent prior to providing tl1e <br /> document to Welsh Companies. <br /> . 3. Welsh Development Agreement <br /> Mr. Ringwald summarized the draft Development Agreement for Council review <br /> and comment prior to presentation to Welsh Companies. Mr. Ringwald reviewed <br /> various portions ofthe Agreement language related to Tax Increment Financing <br /> (TIF), project timing, assessments and other items. <br /> Councilmembers commended staff on tl1eir management of the project to-date. <br /> e. Water Meter Bids <br /> Public Works Superintendent Stafford reviewed tl1e four bids received by the City on <br /> Friday, June 13, 1997 for the proposed replacement of water meters throughout tl1e City. <br /> Mr. Stafford, and City Accountant Post will use tl1e 60-day evaluation period to continue <br /> their analysis of the bids and provide a formal bid award reconunendation to the Council <br /> at tl1e July 28, 1997 regular meeting. <br /> d. Loeal Performanee Aid (LPA) <br /> City Administrator Fritsinger briefly discussed recent legislative amendments to the <br /> Local Performance Aid program, and sought Council direction as to whether it wished to <br /> participate in tl1e 1998 program, and if so, what service program on which to focus. <br /> Discussion included the possibility offocusing on tl1e I-35W Corridor Coalition <br /> . activities, including the recent GIS program. Council directed staff to review long-term <br /> ramifications on the City not participating in this program at this time, with tl1e option of <br /> future participation. <br />