2021-08-10 CC & Closed Exec. Meeting Minutes - Approved

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City of Centerville Council Meeting Minutes & Closed Exec. August 11, 2021 VII. CONSENT AGENDA 1. City of Centerville Claims through August 11, 2021 (Check #33945-33950 & Check #34451-34469) & (1743-1747E) 2. Centennial Lakes Police Department Claims through August 5, 2021 (Check #13939-13960) & (2021039E) 3. Centennial Fire District Claims through August 10, 2021 (Check 9136-9140) Mayor Love provided an opportunity for the Council to add or remove any item(s) to/from the consent agenda. Motion by Council Member King, seconded by Council Member Koski, to Approve Consent Agenda as Presented. All in favor. Motion carried. VIII. OLD BUSINESS 1. Block 7 – Centra Homes a. Purchase Agreement Administrator Statz stated that lengthy discussion has been had regarding this agreement both at City Council level, with staff and with Centra Homes representatives. He stated that the presented Purchase Agreement addresses each of the three (3) concerns that Council discussed: project delays capped at 24 months (“Force Majeure” clause); property returned to the City if failure to complete improvements within 24 months (“Reverter” clause); and developer escrowed funds assuring funding of the Homeowners Association (HOA) due to failure of the project prior to completion and sale of units (“HOA Pre-Funding” clause). Lengthy discussion ensued regarding, Community Development Block Grant (CDBG) Funding, Letter of Credit (LOC) requirements, market rate/affordable units (two), attempting to save mature trees on the site, length of term for funding the HOA and associated dollar amount, streetscaping of $100,000 with overages falling on the City, selling the property for $1 versus providing Tax Increment Financing (TIF) or other options, purchase agreement requirements/process and developer agreement requirements/process, lumber prices, etc. Motion by Council Member Lakso, seconded by Council Member Mosher to Approve the Purchase Agreement with Centra North, LLC as presented. Council Member King asked if this items was to be discussed at the Closed Executive Session scheduled for later in the meeting. Mayor Love stated that a motion and a second have been received to approve the item and the Closed Executive Session was placed on the Agenda only if needed to discuss the item further. Discussion ensued regarding serving the individuals of the City with several of them addressing the Planning & Zoning Commission and Council with their opposition to the project, difficult decisions, previous guidelines and policies (Downtown Redevelopment Plan), (Comprehensive Plan) and Requests for Proposals (RFPs) for the site. Page 2 of 5