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CC_Minutes_2014_0609
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CC_Minutes_2014_0609
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6/25/2014 10:26:48 AM
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6/25/2014 10:21:04 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
6/9/2014
Meeting Type
Regular
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Regular City Council Meeting <br /> Monday,June 9,2014 <br /> Page 41 <br /> Ayes: McGehee; Willmus; Laliberte; Etten; and Roe. <br /> Nays: None. <br /> Councilmember McGehee suggested that servers concentrate on the red mark <br /> "Under 21" listed on applicable driver's licenses rather than the actual birth date <br /> in the future. <br /> As with the previous violation, Councilmember Willmus advised he would not <br /> recommend further penalty related to the training violation, but it would be a con- <br /> sideration at the time of renewal. <br /> Councilmember Willmus requested that Lt. Rosand, when the violation is the sec- <br /> ond or more, copies of the minutes of those previous Council meetings be includ- <br /> ed in the RCA as background information; duly noted by Lt. Rosand. <br /> f. Consider Support for Sherman and Associates, Inc. Redevelopment of 2785 <br /> Fairview Avenue, and Finance Options <br /> Community Development Director Paul Billota and Acting RHRA Executive Di- <br /> rector Jeanne Kelsey were present. Mr. Billota briefly reviewed this first step in <br /> the financing need process, as detailed in the RCA dated June 9, 2014. Following <br /> his summary, Mr. Billota noted two actions were requested for approval, or other <br /> options as noted. <br /> Andrew Hughes, Twin Lakes Project Manager for Sherman and Associates <br /> Mr. Hughes briefly presented the proposed project and financing needs at this <br /> time. <br /> At the request of Councilmember Willmus, Mr. Hughes confirmed that the parcel <br /> was intended to be replatted, with the two multi-family buildings on the same plat <br /> eventually,but each separately financed. <br /> At the request of Councilmember Willmus, Mr. Hughes advised that Sherman and <br /> Associates had no intention of selling any of these components of their portfolio <br /> in the future, as their business model continued that they remained long-term <br /> owners and operators of the facilities they built. <br /> At the request of Councilmember Etten, Mr. Hughes clarified that anticipated <br /> funding from Metropolitan Council to construct Twin Lakes Parkway was already <br /> committed as part of the financing package, with the project attempting to lever- <br /> age as much funding from that source as possible, but not available to further re- <br /> duce the funding gap as it was already assumed as part of the projected financing <br /> needs. <br />
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