CCP 10-14-1997 - Laserfiche WebLink

Home Browse Search

I lID WIM~ ~ ARDEN HILLS SPECIAL COUNCIL MEETING - SEPTEMBER 22. 1997 9 I I- Councilmembcr Malonc inquired how many square feet are involved. Mr. Ringwald stated approximately 295,000, or 6.75 acres. Councilmcmber Malone requcstcd clarification that thc reduction in thc sale pricc is recoverable I through TIF. Mr. Fritsingcr statcd that was correct. I Councilmcmbcr Malone inquired if the amount would be in excess of the bonds being issued. Mr. Fritsinger stated it would not bc. I Mayor Probst inquired if the dcvclopcr was willing to subtract $73,000 from the purchase price of$323,385. He stated his conccrn with the assumption ofwctland mitigation. I Mr. Fritsinger statcd thc dcveloper was to receive an $85,000 crcdit because the wetland mitigation would also benefit the City. The City cannot incur these additional costs if this wetland mitigation docs not happen. I Mr. Zehring inquired ifthc pricc of the City land is relative to the price of the othcr parcels. Whcn the site was raised and the other sites acquired, the additional $85,000 was not anticipated. I He statcd he cither did not hear or did not understand this issue stated at previous meetings. Mayor Probst stated the reason for thc $85,000 credit was that the City would receive the benefit Ie of cxtra drainage, which will not be taking place now. Councilmembcr Aplikowski inquircd if the developer wished to change thc $85,000 to $73,000. I Mr. Ringwald stated the entire $85,000 cannot be eliminated but, perhaps, one-half can be. The I storm sewer issues are part of this money, and the wetland issues are not going to change. Mr. Fritsinger statcd the issucs of 14'h Strcct and the wctlands havc not yet bcen rcsolved. I Mr. Ringwald stated mceting thc incremental costs such as easements should be the developer's responsibility because of the cost savings on thc grading. I Mayor Probst inquired what thc value of the developablc land was. Mr. Ringwald stated Mr. Stonehouse was still researching this issue. I Mayor Probst statcd an agreemcnt must be reached at tonight's meeting regarding thc sale price. Mr. Fritsinger suggested a short recess. I Mayor Probst callcd a reccss at 10:05 p.m. I Mayor Probst reconvcned the meeting at 10:24 p.m. ~ Mr. Fritsinger statcd he had reviewed thc purchase price, and had concluded that the price the developer is paying for the adjoining properties - $320,000 - is in line with the price of the othcr .