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<br />city Council 2007-06-13, 6:00 p.rn. <br />Minutes of Work Session <br /> <br /> <br />Present were Mayor Mary Capra, Council members Michelle Lakso, Linda Broussard- <br />Vickers, JeffPaar, and Tom Lee. Also present were Finance Director John Meyer, city <br />engineer Mark Statz, City Attorney Kurt Glaser, and attorney Bob Deike, retained by the <br />City. Representing the developer, Beard Group was Tom Mehl. <br /> <br />The purpose of the meeting was to review the development agreement and the status of <br />the downtown development project. Bob Deike reviewed the development agreement. <br />John Meyer explained the financial details of the plan and the various funding that would <br />support the project. It was noted that funding of Phase 1 is substantially complete. <br />Developer Mehl indicated that they hope to begin construction in the spring, but exact <br />dates are open yet, because they need to meet private bank financing requirements for <br />presales and rental agreements. <br /> <br />Council member Pear questioned the term of the tax increment financing. John Meyer <br />noted that the structure has the TIF nmning for 26 years, although that could be shortened <br />as other financing sources are pursued. <br /> <br />The council discussed the property acquisition. Mr. Mehl indicated that none of the <br />properties have purchase agreements; however, he has met with several property owners. <br />City attorney Glaser reminded Council that it will be likely that eminent domain will be <br />necessary to acquire some of the parcels, in the event some of the owners are reluctant to <br />sell. It was further noted that eminent domain could only be used for property used for <br />public purposes, such as streets and parking lots. <br /> <br />Council member Broussard-Vickers made several suggestions regarding the insurance <br />sections of the agreement. <br /> <br />The Council discussed the phasing of the project lmd the various public improvements <br />that will be needed. It was pointed out that Centerville Road will need to be coordinated <br />with Anoka County, since it is also a county road. Administrator Larson indicated that he <br />has contacted Doug Fisher at Anoka County to schedule a meeting to discuss the <br />improvements to Centervi1le Road. <br /> <br />Everyone seemed satisfied that the agreement could be finished and placed on the next <br />Council agenda for consideration. <br /> <br />Adjourned at approximately 9:15 p.rn. <br /> <br />Dallas Larson, Administrator <br /> <br />/1 <br />