HomeMy WebLinkAbout93-134 - ADMIN Resolution - City Council - 1993/09/07i
RESOLUTION NO. 93-134
RESOLUTION COMMITTING TO FUND AND CONSTRUCT ROADWAY
IMPROVEMENTS FOR TOWER PLACE PROJECT PRIOR TO OCCUPANCY
PURSUANT TO INDIRECT SOURCE PERMIT APPLICATION
WHEREAS, an Indirect Source Permit application was submitted for the Tower Place
development to the Minnesota Pollution Control Agency (PCA) by Park Nicollet Medical
Center and Frauenshuh Companies in June of 1993; and
WHEREAS the application indicates that a number of changes to the existing
roadway system are required to accommodate the existing traffic, other traffic growth and
the proposed Tower Place development; and
WHEREAS the PCA has indicated that a legally binding commitment for installation
of the roadway improvements is required before the Indirect Source Permit application can
be processed further; and
WHEREAS committing to the installation of the roadway improvements does not
preclude the City from passing on a part of the cost of installing the required Phase I and
Phase II roadway improvements to Park Nicollet Medical Center, Frauenshuh Companies or
other parties; and
WHEREAS, Park Nicollet Medical Center and Frauenshuh Companies have
committed to the City to contribute, at a minimum, $135,000 towards off-site roadway
improvements; and
WHEREAS the City has identified Tax Increment Financing and State Aid as the
source of funds to pay for the City's share of the cost of required Phase I roadway
improvements;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of St.
Louis Park hereby commits to funding the Phase I roadway improvements set forth in the
Indirect Source Permit application dated June 16, 1993 such that the improvements will be
completed prior to occupancy of Phase I of the project and to funding Phase II roadway
improvements as set forth in the Indirect Source Permit application dated June 16, 1993
such that the improvements will be completed prior to occupancy of Phase II according to
the schedule set forth in the Indirect Source Permit application.
ATTEST:
City__er_ Aft.)
Reviewed for Administration:
Adopted by the City Council September 7, 1993
Approved as to form and execution:
eit h
City Attorney
4377:GEN43