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Minutes of Regular Council Meeting May 9, 1983 Page four After discussion, McAllister moved, seconded by Hicks, that Council deny the proposed 3-lot resubdivision because no hard- ships have been demonstrated on which approval of a variance, from the required full frontage on a public street, can be based. Motion carried. (McAllister, Hicks, Mulcahy, Woodburn voting in favor of the motiOD; Christiansen voting in opposition). (4-1) Report on Ordinance No. 229, Adopting by Reference the Minnesota Uniform Fire Code - Statua Report Miller reported that the State amendments to the Code have not been printed to date; reported that the N.F.P.A. llulletins are "out of print" at present; aince the propoaed City Ordinance references the Code, should probably wait to adopt ordinance until fliers and amendments are available. Miller noted that adoption of the Uniform Fire Code commits the City to enforcement thereof. In discusaion, it was suggested that Council request a report from Lake Johanna Volenteer Fire Depart- ment of ita annual inspections and violations encountered; also to see if Lake Johanna Volunteer Fire Department could be desig- nated to enforce the Code. Council action was deferred until the State Amendments to the Code are available. Request for Revenue Bonds - David Weir, Woodbridge Properties Council was referred to Applications for Industrial Revenue Bond Financing for Ard.... ills Business Center Phases I, j, and III by David R. Weir, Wood~tidge Properties. Weir displayed a concept plan for the proposed development of the 10.$ acre Flaherty Golf Tee site, which would include two single story structures in Phase I and one three story structure in Phase II and in Phase III, Weir explained that the concept is to develop a major corporate business campus with no "frontU or urearu; each entry to the site will be unique and each tenant will be provided its own strong identity; campus will be heavily land- scaped. Weir explained that part of the concept behind Industrial Revenue Bonds is it gives the municiplaity the ability to fund good de- velopment; is similar to City issuing bonds for streeta and util- ities at an attractive rate because they are tax exempt. Weir said this is the same concept as revenue bonds, except they are not using the City's credit. Weir said we are all faced with the challenge to keep business in Minnesota; City has made commitments to encourage residential development; Revenue Bonds will increase tax receipts; the lower interest rate can be the difference between renting or not renting in the project; the concept is a means to promote the business climate within the community, which brings substantial amounts of property tax revenues and employment opportunities for the City's residents. Weir said they need the City's help; ,in helping us, you alao hslp yourselves by keeping business here. In discussion, SOme concern was expressed re competition - why is this project so different from other businesses that have come here without this subsidy? Weir said it could make the difference in whether the project is feasible or not feasible; noted that times are getting tougher; we have no perception of what is com- ing. It was noted that the site is a prime piece of property; are ask- ing for a subsidy for a project in a prime area; understood that the bonding concept was established as an incentive to build in areas which are difficult to develop; can't see where this prop- erty is disadvantaged; it will no doubt develop without Indus- trial Revenue Development Bonds; can't see the need for this spec- ial advantage. -4- ,. . .