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HomeMy WebLinkAbout1975/08/25 - ADMIN - Minutes - City Council - RegularMINUTES SPECIAL CITY COUNCIL MEETING ST. LOUIS PARK, MINNESOTA August 25, 1975 . Q;,t�eting was called to order at 8:05 p.m. by Mayor Frank Fleethame nefollowing Councilmen were present: Seymour Druskin Keith Meland Rose -Mary Gri ak Leonard Thiel Richard Graves councilman Hanks arrived at 9:30 p.m. Also present were the City Manager, Finance Director, Planning Director, City Attorney and the Planning Commission Chairman, Ted Rudy. The City Attorney outlined the background, intent and procedures of development to use districts. He explained form ofthat tannin intent �flandeassemblagement stcapitalricts simprovements public ass? stance n the p 9 and financing to facilitate development; the Council would designate a department or agency to administer the district. He stated that the most common means of fi nanci ng such districts i s by the use of tax increment 4 cti veeotti onsncofgwhi chethetCity y also noted that the state law provides 3 re p must choose ones The Council discussed the requirement Iist a development district . cobei ng Graves stated that al 1 a^eas that no less than 60 percent ofthe area of plotted and developed lands considered meet this requirement. ,� Director The Planning tricteve outlined the past actions of thetions District n the Committee and stated that of the three res one,11 imi ting the size of any one state law the Committee felt the se of ha 5/ of the total market value of thxeabhreersitesywhich district to less t h the City, was the only workable option, oHmentsdistricts: Excelsior Boulevard; the Committee proposed as posblandeLakepStreet/Walker. Highway 12 and Highway 100 area* her new development within•a deseonpm�ttwasstrict Councilman Thiel questioned whether I_aw. After a brief discussion,, was exempt from the Fiscal Disparity is matter and report at a later date* requested that staff research th lid like to obtain a statement from on Mosale Mayor Fleetham stated that he wou deVelopment dis regarding the impact of the creat i�noffbonds to finance a distddressinghthese of bonds and the effect of the sale al eat staff prepare a report City's rating. It was suggested concerns. rs Rudy indicated that it In response questions from Councilman GShou1 dMestabl i sh the three rpriorities .sponse to quthat thehentstated that the City may place was the Committee's feeling ng dIstri s as soon as possible • H develop more than one simultaneously as Ind develop one district at a ti je or cl Interested developers come forth • Councilman 3829 Lynn Avenue, 1n res Jane Tschida, regarding the response to questions from Mrs* authority C ,� ncilman Graves also. statedhe Miracle avc, Stated that the Counci 1 has d i rsrPtCounci enterng aclNptance of proposals from developer ional development the effect of a thare was little pons i bi 1 i ty of a sub reg uesti on regarding P Mrs. rschida s q Finance Director stated that i1le area. In response t• the t.imn lag and construci•i on , �4^ l .g^ between���emohl ti �n�,� `— August 25, 1975 Special Council Minutes � n and number of advisory boards p os � ti o . nd questioned the compe planning Director stated that the Councilman Mela q districts• Th d for each district, composed for the three proposed ro osing one boar considered p p , landowners and Council committee oadeSidents, tenants, developers ' possibly representatione ed with the concept of development iel stated that he concurr n Th t Council discussion of this district tter Councilman he feel s the nex districts, however, financial aspects °f establishing should be concerned with the reSented for cons sbep and that all the alternative on o f possi bl e costs to the City, Ive in In response to Councilman Druskin'sannenglstaff would be lnVnvoldvednin the the City Manager stated that the p u and other costs re outside consultant firmswoulde guidance and, therefo s Manager stated that these Tanning process. The City ct but only if these costs were incurred suggested by Councilman 1 man Graves planning be recovered from the prnated5 It was then proposed districts to after the districts were designated* to establish the prop that the City act as soon as possible ensure that any costs could be recovered. the development The Planning Director then presented,plans of M•E'PAvenueGand rpl.ans for of an office complex at Cedar LakeRoad12 and a hotel/convention facility at Highway requested that staff prepare the requested reports by three Councilman Thiel q property ow October 6th and that meetings be set with all prop proposed districts. Upon motion by Councilman Graves, seconded by Councilman Meland,ihe meeting was adjourned at 10:45 p.m. ttMarS he ctg. Secretary 246