CC 11-28-1983 - Laserfiche WebLink

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. Minutes of Regular Council Meeting Village of Arden Hills. Monday, November 28, 1983 - 7:30 p.m. Village Hall Call to Order Pursuant to due call and notice thereof 'Mayor Woodburn called the meeting to order at 7:30 p.m. . Roll Call Present - Mayor Robert Woodburn, Councilmen Michael Ch ris tiansen, Dale Hicks, Diane McAllister, Thomas Mulcahy. . Absent - None Also Present - Bond Counsel Thomas De ans , Clerk Administrator Charlotte McNiesh, Deputy Clerk Dorothy Zehm. App roval of Minutes Christiansen moved, seconded by McAllister, that the Minutes of the Regular Council Meeting of November 14, 1983 be approved as SUbmitted. Motion earriee unan.imously. (5 -0) Business from the Floor None Public Hearings - Industrial Revenue Bonds, Arden Hi lIs Business Center, Woodbridge Properties, Inc. Phase I Mayor Woodburn opened the Public Hearing at 7:33 p.m. C Ie rk Administrator McNiesh verified publication of Notice of Hearing in the New Brighton Bulletin on November 3, 1983 and the St. Paul Pioneer Press/Dispatch on November 9, 1983. Mayor Woodburn said that he thinks all in attendance tonight are qui te cognizant of the project, and we probably won't have to go into much detail, e xcep t for questions we may have. Woodburn noted that Phase I, Phase II and Phase III have to be treated as separate issues. Woodburn noted that ~he City has a, grea t deal of' record about the project from the Planning Commission and previous Council actions and discussions. Bond Counsel Thomss Deans re fe rred to his preliminary statement for Phase I, including his commen ts and rectllllmendations, advised that the project is for 48,000 square fa e to t of fi ce and show- room space; construction period is anticipated to be from December 1, 1983 to January 1, 1985 ; noted approximately 250 new jobs will be created by the project; project is in the amoun t of $5,650,000 and thst a public offering of the tax exempt revenue financing guaranteed 100% by a credit enhancer, is contemplated. De ans reported that Mr. Weir has supplied the $5,000.00 preliminary non-refundable deposit to the Ci ty for each of the three phases, and the $10,000 cash deposit (covering all three phases) for administrative and consulting costs, any balance of which is to be refunded after all costs are paid. Deans said he has analyzed the . guidelines for a number of cities provided by Mr. Russell Prince '(Juran and Moody), and referred Cpuncil to a chart which shows the application fee, the me thod of determining the administrative fee for the several cities. Desnll ssid Bond Counsel recolll1llends that the ci ty Coun cil require a credit enhancer, re commends thllt . a legal opinion relating to the ti tIe of the property be supplied prior to clolling; recommends a review by City Clerk, City Engineer and Administration to determine whether anys i gnifi can t City expenditures will be required for any sewer, utility, street or other improvements; recommends that all costs of the City and its agents etc. be paid at the time of closing, including the City Administrative fee, in an amount to be determined by Council. Deans said that based on the comments and observations noted in the BQn~ Consultant's Comments and Recommendations submitted, IlPproval -. L