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Regular City Council Minutes —11 /17/03 <br />DRAFT Minutes - Page 29 <br />purpose condemnation as needed to establish fair market <br />value as a last resort, fax increment financing, long -term <br />assessments, deferred assessments, Industrial Revenue <br />Bonds, infrastructure bonds, grants and loans. <br />Councilmember Schroeder noted that with the original <br />information provided in the Council packet, he questioned <br />who would have the risk and who had ownership; and <br />opined that with this proposed motion, his concerns had <br />been addressed through the implementation of the <br />Development Consortium, and he was 100 ° /a supportive of <br />the proposed motion. <br />Councilmember Maschka advised that both developers, <br />Ryan Companies and the Rottlund Company had both <br />participated in the discussion phase and were supportive of <br />this proposal, and such a proposal had been utilized <br />successfully elsewhere. <br />Councilmember Kough questioned the identity of a major <br />retailer in the development project; with Councilmember <br />Maschka. responding that a major retailer would be <br />involved, but nothing had been finalized yet. <br />Councilmember Klausing questioned the reference to the <br />Rottlund Proposal, which was not part of his packet <br />information. <br />After further discussion and review, it was determined that <br />the e -mail and/or written proposal dated November 14, <br />2003, had not been received or reviewed by all <br />Councilinembers present, leading to some confusion. <br />Staff provided copies of the letter from Todd Stutz, <br />President of David Bernard Builders and Developers to the <br />6 0 <br />City of Roseville outlining the proposal known as the <br />"Rottlund proposal." <br />Community Development Director Dennis Welsch <br />introduced several representatives of the Rottlund <br />Company, Todd Stutz and Michael Newnan, who <br />