CCP 01-21-1997 - Laserfiche WebLink

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~ 1 City Parcel Acquisition I The City and Welsh Companies have been discussing the potential development of Phases 11 and III of their Arden Hills Commerce Center. To that end, it is the City's understanding that the -. developer has obtained purchase agreements on the Pentair parcel and the Zafke parcel which are located on either side of the parcel which the City owns (the Darling parcel). It is the City's understanding in talking with the developer that those purchase agreements will expire on March 31, 1997, since they anticipate to acquire those parcels before that date. I The developer is requesting a purchase price from the City and any conditions it would have on the sale of the City parcel. The Staff will previously discussed the strategy and pricing for the I City property and unless directed otherwise will continue with that pricing strategy. If the City Council wishes further information on this topic, then please contact Brian or myself. I Road Locations Previously, the City Council reviewed the proposed Master Plan as proposed by Welsh I Companies (Exhibit B). Given the current financial markets, Welsh Companies choose not to purchase all the properties at one time, but rather individually. and could choose only to build Phase l, Phase I and n, etc.,. As a part of the previously reviewed Master Plan, Welsh I Companies proposed to vacate Butchers Street (aka, 14th Street) and replicate that right-of-way at the south end of their development (adjacent to the Office parcel). Given, that Welsh Companies may not purchase all the properties in the district, they are I requesting that Butchers Street stay in its current location. The proposed site plan for Phase 11 is attached (Exhibit C) to show how this concept is proposed to work. The Staff wishes to discuss .. this item with the City Council and receive direction on preferences for the street location. Road Imllrovements I Butchers Street, no matter where it is located, needs to be constructed if Phase 11 (and possibly Phase III) of the Welsh Companies development is to be accommodated. Given, that Tax Increment Financing (TIF) dollars are not going to be available for 12 months at the earliest and I more realistically 24 months, thc question of how to pay for this road is an item that will need to be resolved. Given the accelerated time frame of the Welsh Companies plans, the Staff wanted to make the I City Council and the developer aware of this issue. The Staff has not yet commenced I discussions on this issue with the developer. Therefore, if the City Council has any specific direction on this issue, then the Staff would appreciate receiving that direction. Signalization I The Staff has no new news to present the City Council subsequent to that which was provided in the Community Development Department update, which was provided to the City Council in its I Monday, January 13, 1997 packet. If the City Council has any follow up questions, then the Staff would be glad to answer those at I the worksession. III I