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<br />T <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />DRAFT <br /> <br />MINUTES <br />CITY OF ARDEN HILLS, MINNESOTA <br />WORKSESSION <br />MONDAY, MAY 17, 1999 <br />4:45 P.M. - CITY HALL, 4364 WEST ROUND LAKE ROAD <br /> <br />CALL TO ORDER <br /> <br />Pursuant to due call and notice thereof, Mayor Deruris Probst called to order the City Council <br />Worksession at 4:54 p.m. Present were Councilmembers Beverly Aplikowski, Gregg Larson, <br />and Lois Rem; City Administrator, Brian Fritsinger; Assistant to the City Administrator, Kevin <br />Ringwald; Public Works Director, Dwayne Stafford; City Accountant, Terrance Post; Parks and <br />Recreation Director, Thomas J. Moore; and Administrative Secretary, Sheila Stowell. <br /> <br />Councilmember Malone had previously notified staff that he may not be available for the <br />meeting. Councilmember Rem arrived at 5:02 p.m. <br /> <br />DISCUSSION ITEMS <br /> <br />a. Morris Property Acquisition <br /> <br />Mr. Ringwald reviewed the background and possible Morris Communications property (fka, <br />Naegele property) acquisition located within the Gateway Business District. Staff and Morris <br />have held several meetings to-date, regarding the status ofthe marketing of the property. <br /> <br />Morris Communications, notified staff that they are soon approaching a point where they will be <br />making a long-term decision on what to do with the property. The options identified by the <br />company included: <br /> <br />1. Removing the property from the market and not considering further <br />development of the parcels; <br />2. Selling the property to a developer who wishes to do something less than <br />office; or <br />3. Selling the property to the City/EDA, <br /> <br />Items discussed included those three options and their respective budget impacts; the City's <br />maintenance of development in this area; purchasing the property on a deferred basis; the <br />Council's vision for development of this property; and the possible relocation of ATS Steel. <br /> <br />Staff was directed to continue pursuing a more formal approach to the potential acquisition of the <br />property, provided it was possible to do so on an installment sale purchase arrangement with <br />Morris Communications and that the price paid matched up with the EDA's revenues. Staff was <br />further directed to return to the Council with more firm details and a projected time frame for <br />purchase that would relate to the City's revenue sources and future development and tax <br />increment fmancing opportunities. <br />