CCP 10-25-2004 - Laserfiche WebLink

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ARDEN HILLS REGULAR CITY COUNCIL MEETING MINUTES SEPTEMBER 9,2002 6 - that offer down, He indicated the next proposal was 2.6 million and Chesapeake pay V. of the real estate taxes in 2002, He noted, this again, was approximately $66,00 per square foot and after touring the building, they had to turn that offer down also because they did not believe the property was worth that much. He stated they had told AT,S. Steel, Inc, that they could not pay the $2,6 million, but they would not interfere if A.T.S. Steel, Inc. chose to market or lease the property, He stated he had learned a month ago that AT.S. Steel, Inc. was marketing the property for 2.0 million. He stated once they found that out, they had been attempting to contact AT.S. Steel, Inc. because this was a range they felt was more reasonable for this property. He stated they had never refused to meet or talk with AT.S. Steel, Inc. or their attorney. He indicated he believed they could still work something out that would work for both parties. He stated their interest was to do the best thing for both AT.S. Steel, Inc. and Chesapeake Properties. He stated he hoped to have this ready in 12 months, but there was a possibility he might need to come back to the Council in 12 months and request another extension. He indicated it took a lot of time to work out this type of a development with a large company, He indicated an extension of their PUD was separate from . their negotiations with AT.S. Steel, Inc, Council Member Aplikowski indicated she was struggling with the request for the 12-month extension. Mayor Probst noted it was not the Council's job to negotiate a selling price between the buyer and seller and it appeared both the buyer and the seller were at least willing to sit down and negotiate the sale of this property. He indicated it was in the City's best interest to extend the time and urged the Council to approve this, Council Member Grant asked if they had the authority to extend this extension past the 12 months, if necessary, Mr. Filla replied the Council had this authority and noted this was not a City redevelopment project, and it was not a project the City had agreed to exercise its powers on and beyond that, the City had the authority to do what was in the City's best interest. MOTION: Council Member Grant moved and Council Member Larson seconded a motion to approve the twelve-month extension of the Chesapeake Master Plan Planned Unit Development. The motion carried (4-1) . (Council Member Aplikowski).