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. Minutes of Regular Council Meeting Monday, November 28, 1983 Page Ten Hicks move d, seconded by McAllister, that Council approve an Administrative Fee for Woodbridge Properties, Inc. at 1% of total issue fo rail th ree phases, subject to arbitrage limi ts. In further discussion, Chris~iansen said th a t he could buy setting the administrative fee at 1%, and holding to tha t; feels the exercises we have gone th rough the las t 6 month could be futile; feels . it didn't do any good to hold these public hearings and vote for the resolutions to go to the State and then come back with the 1% fee without an adj us tmen t somewhe.re along the line. McAllister . asked if he really fee Is that on a 15 million dollar project, a fee of $150,000 is going to make it or break it? Christiansen said, yes, with the added park dedication; noted we have $15,000 in our pocket now; if we want to look at reasonable fees, and we say that 1% is reasonable, then the $5,000 application fee is not really reasonable per phase, compared to the lis t of 24 cities. Pat Flaherty said that the way he sees ,it postured righttlow, Council is giving with one hand, and taking .way wit~ the other. Flaherty noted that t~e property has been for sale fo r 4 or 5 years; this is the first really quality situation we have had before us. I can't understand why the Council is no~ welcoming this development with open arms; feels t.hatby charging a $ 150 ,000 Administrative Fee, the City is really losing a quality development; said he doesn't understand this kind of government; feels business is entitled to a break frOm all the fees they are charged; no te d tha't Flaherty's Arden Bowl paid $75,000 in taxes t~is year, assessments on County Road E of $52,000 and $9,000 in license fees to Arden Hills; said Flaherty's might have been able to do some- thing with its gas station if this financing went through. Mr. Buegler noted that in the City of St. Paul recently, taxes were abated for 5 years, and Port Authority agreed to give the comp any the land valued at about 1 million dollars and to approve IRB financing to entice a company to stay in t~e city. Buegler said these projects don't happen every day; noted that you can kill a project with an enormous front-end fee; noted that other municipalities are willing to give a great deal to keep business. Hicks explained that Arden Hills has welcomed this project; no te d that the only problems are financing; explained that the plans have been approved; Council previously f ai le,d to set a public .hearing for IRB financing; but the developer said he couldn,ot afford the, project without IRBs and now he can1t aft' ord the Administrative Fee of 1% . The motion carried (Hi cks , McAllister, Woodburn voting in favor of the motion; Christiansen, Mulcahy voting in opposition). (3-2) . . REPORT OF VILLAGE ENGINEER DONALD CHRISTOFFERSEN Bid Award - Water Impr. 83-4 McNiesh reported that no bids we rere cei ve d by the Ci ty, P robab ly be cause of the heavy snow storm and the closing of the New Brighton . Post Office because of the storm and a fire near the post office. McAllister moved, seconded by Hicks, that Council adopt Resolution No. 83-68, RESOLUTION POSTPONING OPENING OF BIDS ON IMPROVEMENT NO. W-83-4. Motion carried unanimously. (5-0) (Bid opening to be at 2:00 p.m. on Wednesday, Nove mbe r 30, 1983 a t the Village Hall.) ! "".,. ------- ------- ------