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HomeMy WebLinkAbout07/30/1986CITY OF APPLE VALLEY Dakota County, Minnesota July 30 1986 Minutes of the special meeting of the City Council of Apple Valley, Dakota County, Minnesota, held July 30th, 1986, at 12:00 o'clock noon at City Hall. PRESENT: Mayor Branning: Councilmembers Goodwin, Holton, Humphrey and Savanick; City Administrator Asleson and City Clerk Mueller. ABSENT: None. Mayor Branning called the meeting to order at 12:00 noon. The Council received a memo dated July 28, 1986, from Jon Gurban con- HAYES BUILDING cerning Hayes Building construction plans. Mr. Gurban advised the CONST. PLANS Council that in view of the concerns raised at the July 24, 1986, meeting, he is recommending an alternate time schedule. This would allow questions to be addressed, bids on other projects included in the bond issue could be reviewed simultaneously and would allow for spring construction on the Hayes Building. Councilmember Savanick asked if grading would proceed at Eastview this fall? Mr. Gurban said yes, they would proceed as planned on that project. The Council concurred with the report and the revised time schedule. Steve Mattson, of Juran & Moody, advised the Council that only one BOND SALE BID bid had been received on each bond issue. He was informed this was OPENING because the local bidders had combined to bid on the issues. He had been contacted by out of state bidders expressing interest; however, no bids were submitted. Mr. Asleson then opened and read the bids as follows: $2,385,000 G.O. Tax Increment bonds - First Bank St. Paul at a net interest rate of 7.5606 percent; $7,285,000 G.O. Bonds - First Bank St. Paul at a net interest rate of 7.627 percent. Mr. Mattson then verified the bids. The Council reviewed an agreement related to storm water ponding on FISCHER STORM the Fischer property east of Galaxie Avenue at 147th Street. Mr. PONDING & Asleson said this agreement updates the July 11, 1985, agreement OPERATIONS related to Fischer's operations north of 140th Street and at the County Road 42 site. The document has been signed by Fischer and includes giving up mineral rights in the City ponding area. Mr. Gretz said this is a separate agreement, but Exhibit B does relate to the Greenleaf Park area in that it defines the limits of mining in the northeast corner of the Fischer site north of 140th Street. Mr. Asleson noted this supplement pertains to the City's construction of the pond, access to the well, storm sewer easements and special assessments. MOTION: of Holton, seconded by Goodwin, approving the agreement between the City and Fischer supplementing the Settlement Agreement dated July 11, 1985, between the parties, and authorizing the Mayor and Clerk to sign the same. Ayes - 5 - Nays - 0. FISCHER SUPPLE- MENTAL AGREEMENT PR DEVELOPMENT T.I. AGREEMENT The Council reviewed a deyelopment agreement with PR Development Com- pany related to tax increment financing on the Commons II project. Mr. Asleson said this agreement is similar to the agreement with AV Development in 1985 except the conditions under which proceeds will be CITY OF APPLE VALLEY Dakota County, Minnesota July 30, 1986 Page 2 paid out. The City will pay the amount of $653,250 when the developers have obtained unrestricted construction financing arrangements to complete the minimum improvements as defined in the agreement. MOTION: of Goodwin, seconded by Humphrey, adopting Resolution No. 1986-156 approving a contract for private development with PR Development Company, related to tax increment financing for the Commons II, and authorizing the Mayor and Clerk to sign the same. Ayes - 5 - Nays - 0. RES. 1986q156 PR DEVELOPMENT AGREEMENT PRELIM. PLAT AV BUSINESS CTR MOTION: of Goodwin, seconded by Htunphrey, approving the preliminary plat of Apple Valley Business Center as recommended by the Planning Commission. Mr. Asleson said the information on this item is the same as distributed to the Council at its July 24, 1986, meeting. The Council discussed the location of the 147th Street intersection with Galaxie Avenue and the fact that extending the street east is limited by the location of the City ponding area. Councilmember Humphrey said the downtown planning study, which will be reviewed July 31, 1986, suggests emphasizing the ring route around the County Road 42/Cedar Avenue intersection. Ending 147th Street at this location may help define this ring route. Couneilmember Holton asked if 147th Street was intended to be extended east in some earlier planning studies? Mr. Gretz said the 1985 Transportation Plan shows 147th with a "T" intersection at:Galaxie Avenue. Vote was taken on the motion. Ayes - 5 - Nays - 0. MOTION: of Humphrey, seconded by Goodwin, granting a variance for Apple Valley Business Center to allow a front parking area dimension with a depth of 58 feet. Ayes - 2 (Goodwin and Humphrey) - Nays - 3 (Branning, Holton and Savanick). Motion Failed. DENY PARKING VARIANCE AV BUSINESS CTR BLDG. PERMIT MOTION: of Goodwin, seconded by Holton, authorizing issuance of a building permit for Phase I of Apple Valley Business Center, an office/warehouse building, subject to review of detailed landscape plans and occupancy subject to filing the final plat as recommended by the Planning Commission. The Council discussed the exterior building materials proposed and expressed a pre- ference for brick over concrete block; however, concurred the plans as presented had an attractive appearance. Vote was taken on the motion. Ayes - 5 - Nays - 0. MOTION: of Holton, seconded by Goodwin, adopting Resolution No. 1986- 157 granting a temporary waiver of platting for the proposed Apple Valley Business Center on part of the Southeast Quarter of Section 27 to allow transfer of property on a metes and bounds basis prior to platting. Ayes - 5 - Nays - 0. RES. 1986-157 PLAT WAIVER AV BUSINESS CTR CITY OF APPLE VALLEY Dakota County, Minnesota July 30, 1986 Page 3 The Council reviewed the development agreement with AVIP related to AVIP DEVELOPMENT tax increment financing for Apple Valley Business Center. Mr. Asleson AGREEMENT said this agreement defines the scheduling of the three phases of construction and funds to be paid for each; Phase 1 - $203,322, Phase 2 - $297,169, Phase 3 - $214,259. The assessment agreement is also on a phase by phase basis. He noted the scheduling of this project is extremely important. If the phases are not completed as anticipated, there is the potential for a tax levy to repay the tax increment bonds. MOTION: of Holton, seconded by Goodwin, adopting Resolution No. 1986- 158 approving a contract for private development with AVIP for Apple Valley Business Center and authorizing the Mayor and Glerk to sign the same. Ayes - 5 - Nays ~ 0. RES. 1986-158 APPROVE AVIP AGREEMENT Steve Mattson reported to the Council that the bids received for the sale of bonds were correct and he would recommend award. Even though only one bid was received on each issue, 24 bidders had joined together on the account. He also noted that the City had retained its "A" bond rating. MOTION: of Savanick, seconded by Goodwin, adopting Resolution No. 1986-159 awarding the sale of $2,385,000 G.O. Tax Increment Bonds to First Bank St. Paul at a net interest rate of 7.5606 percent and specifying the details of their issuance. Ayes - 5 - Nays - 0. RES. 1986-159 AWARD $2,385,000 G.O. T.I. BONDS RES. 1986-160 AWARD $7,285,000 G.O. BONDS RES. 1986-161 $3,970,000 PARK BOND DETAILS RES. 1986-162 $2,965,000 IMPR. BOND DETAILS RES. 1986-163 $350,000 EQUIP. BOND DETAILS MOTION: of Savanick, seconded by Goodwin, adopting Resolution No. 1986-160 awarding the sale of $7,285,000 General Obligation Bonds to First Bank St. Paul at a net interest rate of 7.627 percent. Ayes - 5 - Nays - O. MOTION: of Savanick, seconded by Goodwin, adopting Resolution No. 1986-161 authorizing issuance, prescribing the form and details and providing for payment of $3,970,000 General Obligation Park Bonds of 1986. Ayes - 5 - Nays - O. MOTION: of Savanick, seconded by Goodwin, adopting Resolution No. 1986-162 authorizing issuance, prescribing the form and details and providing for payment of $2,965,000 General Obligation Improvement Bonds of 1986. Ayes 5 - Nays - O. MOTION: of Savanick, seconded by Goodwin, adopting Resolution No. 1986-163 authorizing issuance, prescribing the form and details and providing for payment of $350,000 General Obligation Equipment Bonds of 1986. Ayes - 5 - Nays - 0. MOTION: of Holton, seconded by Humphrey, to adjourn. Ayes - 5 - Nays -0. The meeting was adjourned at 12:43 o'clock p.m.