11-26-84 agendaCITY OF RICHFIELD, MINNESOTA _At5
Office of City Manager
Council Letter No. 420
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Public Hearing Regarding Food and Drink Vending
Fees
Council Members:
There is a public hearing scheduled for November 26, 1984
regarding the fees set by the City Council for food
vending, drink vending, and tobacco vending machine-s. -
During the budget hearings, a resolution which included
fees for all 1985 licenses was presented to the City Council.
Proposed fees for food products, drink and tobacco vending
machines were included in this resolution. It was noted that
these fees would be subject to a subsequent hearing, due to a
• new state statute provision which took effect July 1, 1984.
This law mandated that thirty (30) days mailed notice must be
sent to such vending machine licensees. A timely notice of the
November 26, 1984 hearing was mailed by the City Clerk's office
to the licensees covered by the statute (See attached notice).
Subsequent to that mailing, a study was requested by the
affected vending machine licensees. Meetings were held between
representatives of the Minnesota Automatic Merchandising
Council, Clayton LeFevere of the City Attorney's office, and
Public Safety Director Tom Morgan, to discuss the proposed fees
and to prepare justification of administrative and vending
machine inspection costs. (Pursuant to State Statute, a
community may not use license fees to generate revenues
generally in excess of the total costs incurred by the
community for such licensere.)
As a result of those meetings, the City and the Minnesota
Automatic Merchandising Council have agreed to the license fee
structure for such machines as proposed by the City in the
attached resolution. Certain license fees have been increased
from the original resolution which became a part of the budget,
and certain other fees have been reduced as a result of the cost
analysis related to the licensure process for these particular
vending machines.
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City administration recommends that the fee be $18 for all
food products, drink and tobacco vending machines. This
($18.00) is the city cost to inspect and regulate these
machines.
The fees listed in the City Clerk's notification were the
fees proposed for 1985• Based upon the review of the cost to
regulate, the recommended fee is $18 for all catagories covered
by this council letter.
It is recommended that subsequent to the public hearings,
the City Council adopt the attached resolution proposing certain
food, drink and tobacco licensing fees for the year 1985•
Respectfully submitted,
John G. rtw ght
City Manager
JGC:sb
cc: Acting Administrative Services Director
City Clerk
Public Safety Director
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RESOLUTION NO.
RESOLUTION AMENDING CERTAIN PORTIONS OF
RESOLUTION NO. 6957 IN THE FOLLOWING RESPECTS WITH
REGARD TO THE PROVISIONS OF APPENDIX OF THE ORDINANCE CODE
OF'THE CITY OF RICHFIELD AND RECINDING THOSE PORTIONS OF
RESOLUTION NO. 6957 WHICH HEREIN APPLY
BE IT RESOLVED by the City Council of the City of Richfield, Minnesota as
follows:
Section 7. Commercial Business and Trade Licenses and Permits.
TYPE OF PERMIT SECTION
OR LICENSE REQUIRING TOTAL VALUATION FEE SCHEDULE FEE
(5) Vending
Machine 6.01
a. Food vending machine 1 year $ 18
requiring coin or token
b. Other food vending Per year for each food dispensing
machine unit in the machine $ 18
c. Ice vending machine 1 year $ 18
(9) Tobacco 6.11 (Min nesota Statutes 461.12)
a. Retail Sale and Per calendar year or fraction
distribution thereof. $ 18
b. Vending machine Per calendar year or fraction
thereof $ 18
(10) Soft Drink 6.13
a. Vending machine 1 year $ 18
Per year or fraction thereof
per each additional machine $ 18
Passed by the City Council of the City of Richfield this 26th day of
November, 1984.
John Hamilton Mayor
ATTEST :
0 Sylvia K. Bergh City Clerk
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October 12, 1984
To: All Vending Machine Licensees
Subject: Public Hearing on Proposed Fee Increases
*NOTICE* *NOTICE* *NOTICE* *NOTICE* *NOTICE*
Chapter 393 of the Minnesota State Session Laws of 1984 requires
that hearings be held on the following categories of licensure:
A. 6.01 food and ice vending machines, and
B. 6.11 tobacco vending machines and
C. 6.13 soft drink vending machines
In order to comply.with.state law, the City of Richfield is holding
a PUBLIC HEARING in conjunction with the regularly scheduled City
Council Meeting on Monday, November 26, 1984 at 7:00 P.M.- in the
council chambers at 6700 Portland Avenue.
Present (1984) Rate Proposed (1985) Rate
6.01 Food
a. Food Vending machine
required coin or token $17
b. Other food vending
machine $12
C. Ice vending machine $17
6.11 Tobacco
a. Sale & distribution $4/month or
$48 year
b. Vending machine $10
6.13 Soft Drink
a. Vending machine 1 year $28
b. Each additional year $12
$18
$13
$18
$4.25/month or
$51/year
$11
$29
$13
Please plan on attending this hearing if you have comments or
questions regarding these proposed fee increases or call licensing
staff at 869-7521/extensions 240 through 247 between 8:00 A.M. and
4:30 P.M. Monday through Friday.
Cites lerk
telephone: 869-7521 (612)
an equal opportunity employer
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
• Council Letter No. 419
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Designation of Auditor to Conduct Audit of 1984
Financial Records
Council Members:
The City has received a proposal from the firm of Cummings,
Keegan & Co. for auditing services for the 1984 financial
records. This company has served as Richfield's auditor for the
past four years. The proposed cost for the 1984 audit is
$20,000 (a 7.2% increase). The cost for the 1983 audit was
$18,660 and the cost of the 1982 audit was $17,370. The 1985
budget includes an appropriation of $21,000 for this service.
• The City Charter, Section 2.08 provides that "the City
Council shall provide for an audit of the City's accounts at
least once a year by a State department in charge of such work
or by a certified public accountant." In 1980, when the Council
authorized retention of Cummings, Keegan & Co., an interest was
expressed in retaining this firm for several years to provide
continuity in the audit and to permit the auditor to develop a
familiarity with Richfield's financial procedures. The audit of
the City's-overall financial management practices as well as
the accounting records has been carried out in a very pro-
fessional mannter.
City staff plans to prepare a scope of work and seek
proposals from auditing firms during 1985 to again establish a
long-term relationship for this service, whether with the
Cummings, Keegan & Co. or some other firm. Either a staff
committee or a Council/Staff Committee would then interview
those selected firms and make a recommendation to the Council
for selecting the best proposal.
City staff had originally planned to seek proposals during
1984 to select an auditing firm to begin a 5-year-term
relationship. However, with the resignation of the
Administrative Services Director midway through the 1984
calendar year, this assignment had to be postponed.
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It is recommended that the City Council approve the
proposed contract of the Cummings, Keegan & Co. at the November
26, 1984 Council meeting.
JGC:sb
cc: Finance Manager
Acting Administrative Services Director
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,FAMES J. KEEGAN, C.PA.
JOHN M. FREES. C.PA-
JEFFREY D. EMERICK, C.PA.
ROGER S. WHERRY C.PA.
ALD CUMMINGS, C.PA.
( RETIRED)
Cummings, Keegan & Co.
Certified Public Accountants
6800 France Ave. So. - Suite 465 - Minneapolis, MN 55435
Phone (612) 922-3622
October 29, 1984
City of Richfield
City Council
c/o John Cartwright
City Manager
6700 Portland Avenue South
Richfield, MN 55423
Dear Council Members:
MEMBERSOF
• PRIVATE COMPANIES
PRACTICE SECTION OF
AMERICAN INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
- MINNESOTA SOCIETY OF
CERTIFIED PUBLIC ACCOUNTANTS
This letter is to confirm the arrangements for our examination of the
financial statements of City of Richfield for the year ending December 31,
1984.
We will examine the financial statements of the various funds and
accounting groups of The City of Richfield, Minnesota, The City of Richfield
Police Relief Association and The Richfield Housing and Redevelopment
Authority, for the year to end December 31, 1984. Our examination will be in
accordance with generally accepted auditing standards and will include such
tests of the accounting records and such other auditing procedures as we
consider necessary in the circumstances. While the objective of our examina-
tion is the expression of an unqualified opinion on the aforementioned
financial statements, an opinion may have to be qualified or denied as the
facts and circumstances dictate.
The ordinary examination leading to the expression of an opinion on
financial statements is not designed to disclose defalcations and other
irregularities, nor can it be relied on for this purpose. However, if such
irregularities come to our attention during the examination, we will discuss
them with you to determine what course of action to take.
•
Your accounting department personnel will be available to assist in
preparing certain audit schedules and data, locating various supporting
documents in the files and typing confirmations and the final audit report.
Fees for these services are at our standard hourly rates and will be
billed to you, plus out-of-pocket costs, monthly. These invoices are payable
on presentation. A service charge of 1 1/2% per month is made on accounts
over thirty days old.
•
¦
Accounting
Firms
Associated
Inc.
City of Richfield
City Manager
. Page 2
Every effort would be made to.keep our fees to the minimum consistent
with the service requirements of the engagement. Assuming that the City and
the two related entities have accounting records which are complete, balanced,
reconciled and well documented as of December 31, 1984, and that City per-
sonnel would be available to assist in preparing certain audit schedules and
data, locating various supporting documents in the files and typing confirma-
tions and the final audit report, our charges for the various audit examina-
tions for the year ending December 31, 1984 would not exceed the following
maximum fees:
City itself and City Police Relief
Association $20,000
Richfield Housing and Redevelopment
Authority $3,200
If at any time during the engagement, any extraordinary matters requiring
an extension of our services come to our attention, we will consult with you
before proceeding.
If the preceding correctly expresses your understanding, please sign the
enclosed copy where indicated and return it to us.
We are looking forward to serving you again and working with the City
staff.
Sincerely,
CUMMINGS, KEEGAN & CO.
Partner
The above is in accordance
with our understanding.
By
Title
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CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 418
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Approval of Purchase in Excess of $5,000 for
Replacement of Deteriorated Cooler Equipment
at Lyndale Liquor Operations
Council Members:
By resolution of the City Council, the City Council must
approve purchases when the amount exceeds $5,000.
Cooler Equipment for Lyndale Liquor Store
The existing beer cooler equipment at the Lyndale Liquor
Store is the original equipment which was installed in the
1940's. This equipment has deteriorated beyond repair and has
reached the point where it could be a potential safety hazard
• for customers and liquor store employees. The existing doors
are difficult to open and close because of worn bearings and
slide tracks.
Price quotations for complete replacement of the beer cooler
doors, shelving, gravity flow flow racks and lighting fixtures
have been received as follows: Liquor Store Equipment & Supply
Company quoted $12,375 and Carlson Refrigeration quoted $12,900.
The revised 1984 capital outlay budget for the Lyndale Store
provided $10,000 for new beer cooler doors and shelving.
However, the roof repairs to the Lyndale Store were not as
costly as the amount budgeted so there is sufficient funding to
replace the badly deteriorated cooler equipment.
It is recommended that the city council approve the
replacement of the beer cooler doors, shelving, gravity flow
racks and lighting fixtures from Liquor Store Equipment and
Supply Company in the amount of $12,375.
Respectfully submitted,
9?LL ;7:?-
ohn G. C tw ght
• City Manager
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CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 417
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Request for Temporary Ground Sign at 404 West
65th Street
Mark S. Johnson, DDS has requested an advertising
permit to erect a temporary sign (for a maximum of
30 days) to publicize his new dental office located at
404 West 65th.Street. _
- The sign is to be. a double faced temporary ground sign,
6' X 3' for a total of 18 square feet.
City of Richfield ordinance code 3.49, Subdivision
16 (5) provides that City Council approval is required
for temporary ground signs.
The sign is to be a total of 18 square feet, and City
Ordinance Code limits temporary ground signs to a total
of 12 square feet. Therefore, the inspection division staff
cannot approve the sign application as presented. However, the
City Manager recommends that the City Council approve the sign
request with the stipulation that the sign may only be erected
if it is reduced in size to a maximum of 12 square feet.
Respectfu ,)4ysubmitted,
SJ?
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John G. Ca twr ht
City Manager
Staff Recommendation:
JGC/eja
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DEFINITION: Minor Signs -- Single or double faced sign less than 32 sq. ft.
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CITY OF RICHFIELD, MINNESOTA
• Office of City Manager
Council Letter No. 416
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Transitory Ordinance Providing for Capital
Improvements. First Reading.
Council Members:
On September 27, 1984, the city council approved a revision
to the 1984 Capital Improvement Budget (CIB). The total CIB
expenditure remains the same. Included in that revision were
changes to two capital project appropriations from the
Special Revenue Fund. The revisions reduce the public safety
building account by $5,500 and increase the city hall remodeling
(lobby/licensing area) by $5,500. The CIB projects funded by
• special revenues for 1984 and 1984 revised budgets remain the
same as adopted, or $393,000. The list of CIB projects funded
all or in part by profits from the municipal liquor store
operations for 1984 (Special Revenue Fund) are:
1984 1984
Budget Revised Budget
Garage Furnace/Roof $ 60,000 $ 60,000
Forestry $ 27,500 $ 27,500
Memorial Park Improve. $200,000 $200,000
Legion Lake $ 10,500 $ 10,500
Swimming Pool Boiler $ 15,000 $ 15,000
Ice Arena Improvements $ 15,000 $ 15,000
Public Safety Buildings
(Penn Fire Station) $ 25,000 $ 19,500
City Hall Remodeling
(Lower level) $ 20,000 $ 20,000
City Hall Remodeling
(Lobby/Licensing) $ 20,000 $ 25,500
$393,000 $393,000
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It is recommended that the city council give first reading
• consideration to the attached transitory ordinance,
appropriating monies from the Special Revenue Fund to reflect
the revised project allocations for 19814. Projects receiving
funding from other sources (Revenue Sharing, Municipal State-
Aid, user fees, etc.) do not require a transitory ordinance for
implementation. Those projects will proceed in accordance with '
the adopted revised 19814 Capital Improvement Budget.
spectf bmitted,
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John G. Ca twright
City Manager
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TRANSITORY ORDINANCE NO. AN ORDINANCE PROVIDING FOR THE
EXPENDITURE OF MONEY FROM THE SPECIAL REVENUE FUND FOR CERTAIN
CAPITAL IMPROVEMENTS
City of Richfield Does Ordain:
Section 1: It is found and determined to be necessary and
expedient for the City to expend money from the Special Revenue
Fund for the making of Capital Improvements listed in Section 2
hereof, for which the city would be authorized to issue general
obligation bonds.
Section 2: The capital improvements and amounts of
expenditures for such improvements which are authorized to be
paid from the Special Revenue Fund under Section 7.12, subd. 2
of the City Charter, are as follows:
Garage Furnace/Roof
Forestry
Memorial Park Improvements
Legion Lake
Swimming Pool Boiler
Ice Arena Improvements
Public Safety Buildings
(Penn Fire Station)
City Hall Remodeling-lower level
City Hall Remodeling - lobby/
license
$ 60,000
$ 27,500
$200,000
$ 10,500
$ 15,000
$ 15 , 000
$ 19,500
$ 20,000
$ 25,500
Total
$393,000
Section 3: The expenditures herein authorized shall be made
pursuant to such contracts as are authorized from time to time
by council action.
Passed by the City Council of the City of Richfield this day
of , 1984.
John Hamilton Mayor
ATTEST:
Sylvia K. Bergh City Clerk
is
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 415
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Appeal of Building and Fire Code Orders
Council Members:
Mrs. Hazel Alvarez has requested an appeal hearing before
the City Council to appeal an order issued to her by Assistant
Fire Chief Coughlin regarding violations of the building and
fire codes at 6605 First Avenue. _
Mrs. Alvarez ownes a home at 6605 First Avenue. On
September 10, 1984, Mrs. Alvarez appeared before the City
Council to request that the property at 6605 First Avenue be
rezoned to two family residential from single family residential.
This request was denied.
• In the course of considering this request for a zoning
change, the City Manager and Assistant Fire Chief inspected the
residence. During that inspection visit, the Assistant Fire
Chief noted the following three violations of the building and
fire code:
1. Abasement room was being used as a sleeping room, but
did not have a window which met the emergency exit
provisions of the building code, and had a ceiling
which was too low to qualify the room as habitable
space;
2. Two separate dwelling units had been provided in the
home in addition to the space being occupied by the
Alvarez family. One unit was being rented to a single
adult female, and the other unit was rented to a single
adult male and his son. The son was using the basement
room noted above. The presence of two dwelling units
would categorize the home as a duplex, and the presence
of three dwelling units would categorize the home as an
apartment building. The home is zoned for single
family use, but contains three kitchens; and,
3. Smoke detectors were not present in the dwelling units,
. a violation of the fire code.
On October 22, 1984, Chief Coughlin issused orders to Mrs.
Alvarez to correct the violations. Attached is a copy of these
-2-
The orders required that the basement
vacated immediately, that smoke detectors
ten days, and that the kitchens be removed
dwelling units within 90 days.
sleeping room be
be installed within
from the rented
A dwelling unit is defined in the Richfield zoning code as
"any room or group of rooms located within a dwelling and
forming a single habitable unit with facilities which are used
or are intended to be used for living, sleeping, cooking and
eating." Removal of the stove from each unit would mean the
units were not usable for cooking, and would remove them from
the definition of dwelling units. Since Mrs. Alvarez is allowed
by the zoning ordinance to have up to three unrelated people in
a single family home, the home would no longer be in violation
of the ordinances if the living space occupied by Mrs. Alvarez'
tenants did not meet the definition of a dwelling unit.
In an October 30, 1984 letter to Chief Coughlin, Mrs.
Alvarez stated that she had complied with the first two orders,
but wished to appeal the order to remove the kitchens. (Copy of
letter attached to this council letter.) -
After Chief Coughlin's orders had been given to Mrs.
Alvarez, one of her tenants contacted Chief Coughlin and stated
that her unit did not have a stove. Since the lack of a stove
removes the unit from the definition of a dwelling unit, Mrs.
Alvarez' appeal would only apply to the remaining dwelling
• unit.
Granting Mrs. Alvarez an appeal would make the home a
duplex, which is not a complying use for an R-1 zoning
district. Therefore, the issue is in many respects similar to
Mrs. Alvarez' original request of September 10, 1984 to allow
the use of her home as a duplex residence in violation of the
single family zoning requirement now in effect.
Since this issue is somewhat different from the original
request, a hearing on this matter has been set for the regular
City Council meeting of November 26, 1984. At this hearing, the
council will sit as the Board of Appeals. Members of the
Public Safety Departmet will be present to discuss the position
the city has taken with regard to this matter. Mrs. Alvarez has
been notified of the hearing and her rights with regard to this
hearing process (Attachment No. 3).
4Respectfu y s itted,
hn G. Car wrigh
ty Manager
0 JGC/eja
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city of richfield
6700 portsand avenue - rninnesota 55423
October 22, 1984
Mrs. Hazel Alvarez
6605 1st Avenue
Richfield, MN 55423
Dear Mrs. Alvarez:
At the time you applied for a zoning change to a two-family dwelling, the
City building official and myself inspected your home to evaluate any
problems in converting it to a two-family.dwelling. During our inspection
I noted three violations of the building and fire code which I must
require you to resolve.
First, a basement room is being used for a sleeping room in violation of
the fire code. The room does not have an approved escape window, nor does
it have a smoke detector. Since it appeared that the ceiling is not high
enough to allow the room's use for occupancy, we cannot approve the
installation of an escape window. The minimum ceiling heighth for a
habitable space is 7.5 feet.
Second, a kitchen and bath is provided for each of the two living spaces
in addition to your family's living space, and they therefore must be
defined as dwelling units. The existence of separate dwelling units in a
single family home is a violation of the zoning ordinance.
Third, the dwelling units do not have smoke detectors.
You are hereby ordered to correct the violations noted above in the
following manner:
1. Vacate the basement sleeping room immediately.
2. Install an approved smoke detector in each dwelling unit within 10
days.
3. Remove the kitchens from the two rented dwelling units within 90
days.
0 Page 2, Alvarez
Telephone Numbers: General C,ty Matters: (612) 869-7521
0-i'l- Cf1f0t- r\Inn-PmPrrPnrV (?Q hrgl (612) $6Fi_5061 POLICE/FIRE /MED'CA1_ EMERGENCY: DIAL 9-1-1
city of_richfield
6700 Portland avenue • minnesota 55423
You have the right to appeal these orders. You may do so by sending me a
written request within 10 days, stating which orders you wish to appeal.
The City Council is the appeals board, and if you file an appeal it will
be scheduled at a regular council meeting.
A followup inspection will be scheduled to determine compliance with the
above orders. If you have any questions regarding this matter please
contact me.
Si rely,
Patrick J. ou lin
Asst. Chief- ' e Division
Richfield Public Safety Dept.
40 PJC/bac
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Telephone Numbers: General City Matters: (6121 869-7521
o ,hi r c?afot.; Nnn-arneraenrv (24 hrs) (6121 566-5061 POLICE/FIRE/MEDICAL EMERGENCY: DIAL 9-1-1
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October 30, 1984
Citv of Richfield
6700 Portland Ave.
Richfield,Min.55423
To: City Council.
%, Patrick J Coughlin
Acct . Ch;_eI'---Fi re D_visi on.
Dear Member Council:
We will Complied with City ordinance in vacaring sleeping
room in basement area, due to the fact does not meet standard
accordinly to city reculations.
We will installed 2 smoke detecto;s; one in each dwelling
Aso°;ae ;could liked to au peal to the City Council and request
a meetin7 concerning the kitchen on both dwelling, and registration
of sar:ie.
Sincerily
4/ 4'
Mrs. 14rt 1 Alvarez.
6605 1st. Ave.
Ric`-field Min 55423
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November 8, 1984
Mrs. Fe V. Alvarez
6605 First Avenue South
Richfield, Minnesota 55423
Dear Mrs. Alvarez:
rs- 3
I am in receipt of your October 30, 1984 letter requesting
an appeal hearing before the Richfield City Council with
regard to orders issued to you by Assistant Fire Chief,
Patrick Coughlin, relating to violations of both the
uniform building code and our city's zoning code. My under--
standing of your request is that you wish to appeal the
order to remove certain kitchen appliances in that portion
of your home you are apparently utilizing as rental apart-
ments.
I have scheduled your requested hearing before the Richfield
Citv Council at their regular meeting on Monday, November 26,
1984. The meeting is scheduled to start at 7:00 p.m., and
generally anneal hearings are scheduled for the first part
of the meeting.
I wish to inform you that the hearing process will be open
to the public and you have the right to appear and to be
represented by legal counsel. At that time you may offer
such evidence as you may wish on behalf of your concern re-
lated to the orders issued by Assistant Chief Coughlin. You
also will have the right to cross examine any witnesses which
the city may call in support of the orders issued.
Should you have any questions concerning this matter, prior
to the hearing date scheduled, please feel free to contact
me.
Sincerelv,
Thomas A. Moraan, Jr.
Director of Public Safetv
T__-V%i/ 1 j e
CC: City Mana4er
Assistant Fire Chief
telephone: 869-7521 (612)
an equal opportunity employer
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CITY OF RICHFIELD, MINNESOTA
Office of City Manager
• Council Letter No. 414
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Request for Permit for Temporary Rooftop Helium
Balloon, Ground Round Restaurant
The Ground Round Restaurant has requested an advertising
permit for a helium balloon to be located on the roof of
their restaurant located at 1500 East 78th Street for a period
of 30 days.
The helium balloon is to be 10 feet in diameter, yellow
and brown in color with a white and brown banner.
City of Richfield ordinance code 3.49, Subdivision 16 (5)
provides that City Council approval is required for temporary
• ground signs.
The inspection division staff has reviewed the sign permit
application and finds that the signs conforms to all city
ordinances pertaining to advertising devices of this nature.
It is recommended that the City Council approve this
request for a temporary advertising device.
ectfkdljy/t4bmitted ,
John G ar?wri9ht
City Manager
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DEFINITION: Minor Signs -- Single or double faced sign less than 32 sq. ft.
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CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 413
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Study Session: Legion Lake
Council Members:
At 5:30 PM, Monday, November 26, 1984, the city council will
meet jointly with the Housing and Redevelopment Authority, the
Planning Commission and the Community Services Advisory
Commission. The purpose of the meeting is to have University of
Minnesota architectural students provide an update on the Legion
Lake study project that they have undertaken during this fall
quarter.
Legion Lake is appoximately 150 acres in size and is the
last large open space area in the city to be developed. For
several years Legion Lake has been included in the long-range
capital improvement program for park development. Recently
there has been some consideration given to providing housing on
the site. The 1984 capital budget included funding for a study
of Legion Lake focused on park development. However, the city
council determined that the study should be expanded to look at
Legion Lake in broader terms.
To that end, technical data has been amassed which includes
soil studies, boundary surveys, and storm water requirements.
An agreement with Gair and Associates, a sub-division of Orr-
Schelen-Mayeron, was entered into for purposes of analysing
available data and preparing a master concept plan for Legion
Lake. Working with Mr. Mike Gair is Roger Martin, a professor
of architecture with the University of Minnesota, and U of M
students in their fifth year of study in a professional degree
program. These students will be providing an update of their
work to date to the people in attendance at the November 26
meeting.
Because time is limited for the presentations the following
agenda timetable has been planned:
1. Introductions and background 5 minutes
2. Slide presentations 45 minutes
3. Explanations of sketches 30 minutes
4. Questions and answers 10 minutes
-2-
The presentations will address three concepts for Legion
Lake development. They are:
1. A futuristic type development plan;
2. A plan that incorporates 80 units of housing at
the park site; and,
3. A park plan that is more traditional to large
community wide parks in the Richfield area.
At this time a final proposal for a master plan is not
available. The consultants will be continuing their work for
approximately another month. The master concept plan will be
presented at another meeting, probably in early 1985. At that
time the decision will need to be made whether to adopt the
concept plan and to proceed with the Legion Lake project.
speetr_U_I submitted,
John G. Cart- ight
City Manager
JGC/eja
U
0
CITY OF RICHFIELD, MINNESOTA 7/-3
Office of City Manager
Council Letter No. 412
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Resolution Setting a Public Hearing Date to
Consider Adopting Policies Necessary to
Preserve Access to Mortgage Subsidy Bonds in
1985.
Council Members:
During 1984, Congress adopted and the President signed the
Deficit Reduction Act. Title VI of the Act concerns mortgage
subsidy bonds or tax exempt bonds. These bonds are utilized
to help provide below market interest rate mortgages to first
time buyers of single family homes.
The Act was adopted during the summer of 1984. However,
the Treasury Department has not yet formulated regulations which
would clarify the requirements of the legislation. Absent
specific regulations, bond attorneys and underwriters are of the
opinion that for a community to utilize mortgage subsidy bonds
in 1985, it is necessary for a City Council to schedule a public
hearing and consider a report which is a statement of the
"housing, development and income distribution policies" that
would be followed in issuing the bonds. Such action must be
taken prior to December 31, 1984..
The city staff recommends that the City Council schedule
a public hearing for December 10, to consider adopting the
necessary policies to preserve access to these bonds in 1985.
The policies would be based on the Housing Plan which was
adopted by the City Council and HRA on November 29,
1983. Attached is a resolution calling for a public hearing
on December 10, 1984.
It is recommended that the City Council adopt the attached
resolution setting December 10th as the date for a public
hearing to consider adopting policies necessary to preserve
access to mortgage subsidy bonds in 1985.
RespectfuL?y submitted ,
John G. Ca twr ht
City Manager
•
RESOLUTION CALLING FOR A PUBLIC
HEARING ON THE ADOPTION OF A
HOUSING REPORT TO BE SUBMITTED
TO THE SECRETARY OF THE UNITED
STATES TREASURY
Be it Resolved by the City Council of the City of
CITY OF RICHFIELD
RESOLUTION NO. 84-
Richfield, Minnesota, as follows.
1. That the City hold a public hearing at 7:00 p.m.,
December 10, 1984, at the City Hall on the
adoption of a Housing Report to be submitted to
the Secretary of the United States Treasury--in
accordance with Section 103A (j)(5).
2. The City Clerk is authorized and directed to
publish a notice for such public hearing in
the form set forth in Exhibit A.
0 Adopted by the City Council of the City of Richfield
this 26th day of November, 1984.
ATTEST:
Mayor
City Clerk
0
"EXHIBIT A"
•
NOTICE OF PUBLIC HEARING ON
ADOPTION OF HOUSING REPORT
TO THE SECRETARY OF THE
UNITED STATES-TREASURY
NOTICE IS HEREBY GIVEN, that the City Council of the
City of Richfield will meet at the City Hall, 6700 Portland
Avenue at 7:00 p.m. on Monday, December 10, 1984, to conduct
a public hearing on the proposed adoption of a Housing
Report to be submitted to the Secretary of the United States
Treasury.
The adoption of the Report is required under Section
•
103A (j)(5) of the Internal Revenue Code if the City is to
issue its Mortgage Subsidy Bonds as Mortgage Credit Certi-
ficatds in calendar year 1985.
A draft copy of the program to be submitted to the
Secretary of the Treasury, together with all attachments and
exhibits thereto, is available for public inspection at the
office of the City Clerk in the City Hall, City of Richfield,
Minnesota during regular City business hours (8:00 a.m. to
4:30 p.m. daily, except Saturdays, Sundays and holidays)
Any person wishing to express a view with respect to
the report will be heard at the public hearing.
BY ORDER OF THE CITY COUNCIL
/s/
City Clerk
10 Dated: November 1984.
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
• Council Letter No. 411
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Resolution Providing for Increase to Employee
Group Insurance Coverages and Premiums (term
life insurance, dental insurance, health
insurance, and short term disability insurance)
Council Members:
At the present time, the city contributes to the cost of
premiums for four kinds of insurance coverages available to city
employees. The first type of insurance is a $5,000 term life
insurance policy provided for all the General Services and
Management employees. The city pays the full premium for this
insurance, which is $1.10 per month per employee in 1984. The
rates will remain the same for 1985. Certain other employee
groups, such as the Police Officers, Investigator/Agents, and
the Police Supervisory personnel, have insurance provided
through their contracts in excess of the $5,000. It is proposed
for 1985 that the city provide General Services and Management
employees with a $10,000 term life insurance policy, instead of
the $5,000 provided in the past. Other Stanton Group V cities
provide their office/technical/clerical personnel and management
employees with life insurance ranging from $5,000 to $12,000 or
more per year. Many of the cities provide $10,000 for such
employees. With the raise in coverage for Richfield's General
Services and Management employees to $10,000, the city would be
providing a level of benefits similar to comparable
communities. Additionally, it would bring the Management and
General Services employees to a level of greater comparability
with the contractual police employees for 1985.
The second type of insurance provided to General Services
and Management employees is a self-funded group dental
insurance. In 1983 and 1984, the city contributed $11.85 per
month per employee for the total cost of employee (not
dependent) coverage. Employees who desire dependent coverage
must pay the full cost of such additional premium. The rate
proposed for 1985 will be increased to $13.00 per month per
employee for employee only coverage. It is recommended that the
0
-2-
city contribute the full cost of $13.00 per month per employee
for General Services and Management employees for 1985• As in
the past, employees who desire dependent coverage will pay the
full cost of such additional premium.
The third type of insurance coverage is group health
coverage, of which there are three optional plans available
through Hennepin County joint purchasing. The city pays the
full individual employee premium and provides varying additional
contributions, up to a maximum specified premium for dependent
coverage. Such contributions vary, depending on the employee
group.
The 1984 and 1985 monthly premium costs of these plans are
as follows:
1984 1985 %
Mo. Rate Mo. Rate Increase
Group Health Plan
Indivi'd u-a-fir $ 58.88 $ 63.20 7.3%
Family 160.76 169.83 5.6%
MedCenters Health Plan
In ivi ual 62.75 67.15 7.0%
Family 168.35 180.15 7.0%
Physicians Health Plan
Individ ual 93.76 97.51 4.0%
Family 194.95 204.70 5.0%
In 1984, the city contributed up to a maximum of $122.00 per
month per employee for employee and dependent coverage for
eligible General Services and Management employees. It is
recommended that this amount be increased to a maximum of
$132.00 per month per employee. By increasing the city
contribution for health insurance to a maximum of $132.00 per
month, the city would be able to offset a significant portion of
the increases charged by the participating providers and prevent
sizable increases to be passed on to the employee.
Additionally, it would make the total amount of insurance
contribution for General Services and Management employees
comparable to the total dollars expended for other organized
employee groups.
The fourth type of insurance provided currently to General
Services and Management employees only is disability insurance.
Short-term disability insurance is self-insured and funded out
of the current operating budget, similar to the manner in which
sick leave costs are covered. Long-term disability insurance is
provided through a group LTD policy secured by the city. The
current premium rate of $.55 per $100 of salary remains in
effect through 1985. The average monthly premium cost projected
for 1985 is $9.03 per month for General Services employees and
$15.80 per month for Management employees.
-3-
Summary
is During the past few years, costs of employee group health
insurance coverage has increased significantly from year to
year. In 1984, for example, the increases charged by the health
care providers exceeded the budgeted amount for Management and
General Services employees. Similarly, some of Richfield's
bargaining unit employee groups have received greater insurance
contributions during the past year or two than the General
Services and Management employees have.
For 1985, the budget includes a projected 8% cost increase
for health insurance coverages for General Services and
Management employees. The actual increases which were furnished
to the city in the last few weeks indicate a health insurance
cost of less than 8%. Because the city's cost increase for
employee only coverage, which is fully paid by the city, is 4%
and 7.3% respectively for the two most widely selected health
plans, the city finds itself in a unique position of having more
money budgeted for health insurance costs than was expected.
Therefore, the city would be able to provide an additional $10 _
per month for Management and General Services employees for
dependent health insurance contribution and increase the life
insurance for each employee from $5,000 to $10,000 per year and
still remain within the amount of funds budgeted for health
insurance contribution for 1985.
?i The additional cost of $5,000 of life insurance per employee
would be $1.10 per month. Under this proposal, the total 1985
monthly contribution for management employees would be
approximately $163.00 per month and for General Services
employees it would be approximately $156.00 per month, as
compared to $155.00 for Local 49 employees and approximately
$157.00 per month for Police Officers. The Police Supervisory
Personnel are given a $150.50 per month per employee
contribution for 1984 and the 1985 contribution rate has not
been established. The rates for Firefighters have also not been
established for 1985.
In summary, it is recommended that the council adopt the
attached resolution establishing 1985 maximum insurance
contributions for General Services and Management employees so
that these non-union employees maintain their competitive
relationship with organized employee groups.
Respectfully submitted,
2
AIR/
John G. rtwr ght"
City Manager
0 JGC:sb
a
•
1984 INS.
Mo. $
Health
Life
Dental
Sub-Total
LTD
TOTAL
1985 INS.
Mo. $
Health
Life
Dental
Sub-Total
LTD
TOTAL
GEN.
SERV. MGMT.
EXHIBIT A
LOCAL
49 FIRE
122.00 122.00
1.10 1.10
11.85 11.85
134.95 134.95
8.441 14.772
143.39 149.72
POLICE POLICE
OFCR. SUPV.
FED. ASSOC.
143.90 128.15 125.00 145.00
1.10 1.10 1.10 5.50
--- 11.85 11.85 ---
145.00 141.10
-
- --- 137.95 150.50
--- ---
-
145.00 141.10 137.95 150.50
132.00 132.00 1 153.90 N/A 142.00 N/A
2.20 2.20 ; 1.10 N/A 2.20 N/A
13.00 13.00 ; --- N/A 13.00 N/A
147.20 147.20 ; 155.00 N/A 157.20 N/A
9.033 15.804 i --- N/A --- N/A
156.23 163.00 ; 155.00, NIA 157.20 N/A
1Based on average monthly salary of $1,534 (5%+2%) x 1983 Sal.
2Based on average monthly salary of $2,685 (5%+2%) x 1983 Sal.
3Based on average monthly salary of $1,641 (5%+2%) x 1984 Sal.
4Based on average monthly salary of $2,873 (5%+2%) x 1984 Sal.
0
RESOLUTION NO.
RESOLUTION DESIGNATING CITY'S CONTRIBUTION
TOWARD HEALTH, TERM LIFE AND DENTAL INSURANCE
is PREMIUM FOR GENERAL SERVICES AND MANAGEMENT EMPLOYEES
WHEREAS, a hospital-medical/surgical group health insurance
plan is available from the Hennepin County Cooperative
Purchasing Organization for city employees and their families,
and
WHEREAS, a term life and accidental death and dismemberment
insurance plan is available from the Hennepin County Cooperative
Purchasing Organization for city employees, and
WHEREAS, a self-funded group dental insurance plan is
available to city employees and their families, and
WHEREAS, a group short-term and long-term disability program
is available to city Management and General Services employees,
and
WHEREAS, the City Council is required to determine by _
resolution the city's contribution toward the premium for
employee group insurance coverages.
NOW, THEREFORE, BE IT RESOLVED that commencing January 1,
1985, the city shall contribute a maximum of $132.00 per month
toward an employee health insurance premium for all eligible non-
40 unionized employees; in any event said contribution shall not
exceed the cost of single coverage for employees selecting that
option. The city shall also pay the $13.00 monthly premium for
the employee dental insurance plan and the $2.20 monthly premium
for the-term life and accidental death and dismemberment
insurance plan for city employees for a total possible maximum
insurance premium contribution of $147.20 per month. Such
contributions shall be for coverage effective January 1, 1985.
BE IT FURTHER RESOLVED that the city shall contribute the
full cost of long-term disability insurance for the General
Services and Management employees' coverage. Such contribution
shall be based upon a premium rate of $.55 per $100 of monthly
coverage.
BE IT FURTHER RESOLVED that the City Council shall determine
the city's contribution toward insurance premiums for all
organized employee groups by the adoption of the appropriate
resolutions concerning labor contracts with the respective
organized employee groups.
Passed by the City Council of the City of Richfield -this
26th day of November, 1984.
0 John Hamilton Mayor
ATTEST:
Sylvia K. Bergh City Clerk
?f
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 410
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Presentation of Certificate of Appreciation
Veterans of Foreign Wars Fred Babcock Post
5555
Council Members:
Members of the Richfield VFW will be present at-the November
26, 1984 city council meeting to receive a Certificate of
Appreciation for their involvement in community services.
The Senior Citizens/Handicapped Commission and the City
Clerk have also planned a presentation to the VFW in
Apreciation for their assistance on the Program "Access to Vote
1984". The Richfield VFW assisted a total of 226 disabled
persons at the polls during the 1984 general election.
A punch and cookie reception has been scheduled by the City
Clerk and the Senior Citizens/Handicapped Commission following
this presentation. The council is invited to attend this
reception, but may not be able to do since our council meeting
is being c-ablecast on Channel 12.
Respectfully submitted,
1v1??t/Lt P
John G. Ca tw ght
7,4
City Manager
JGC/eja
RESOLUTION NO.
RESOLUTION OF APPRECIATION TO THE
FRED BABCOCK POST NO. 5555 VFW
FOR THEIR OUTSTANDING COMMUNITY SERVICE
WHEREAS, the members of the Fred Babcock Post No. 5555
Veterans of Foreign Wars will donate thousands of hours this
year in performing community services; and,
WHEREAS, these numerous community services include safety
programs such as "Lite-A-Bike" in which reflective tape was
provided for 450 bikes in Richfield and the delivery of 2000
pamphlets on fire safety in Richfield; community involvement
such as providing 10 units for the 4th of July Parade and
sponsoring a Halloween party for 250 children; and the access to
vote program in which 266 handicapped persons were assisted to
vote. Post 5555 is also involved in the distribution of surplus
food each month, the blood donor program and many other
community service activities.
NOW, THEREFORE, BE IT RESOLVED that I, John Hamilton, Mayor
of the City of Richfield and the members of the City Council on
behalf of the citizens of Richfield do hereby express our thanks
and gratitude to the Fred Babcock Post 5555 VFW and do commend
them for their outstanding community service.
• PASSED this 26th day of November, 1984.
Jo n Hamilton Mayor
ATTEST:
Sylvia K. Bergh City Clerk
0
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
• Council Letter No. 409
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Second Reading on Proposed Amendments to
Chapter III, Section 3.47, "Temporary
Election Signs".
Council Members:
At the October 8, 1984 city council meeting, the city
council gave first reading approval to several amen-dments to the
municipal code of ordinances regulating temporary election
signs. The public hearing was scheduled for the November 13,
1984 city council meeting. At that meeting, the city council
tabled the matter until the November 26, 1984 city council
meeting.
• The amendments to the Temporary Election Sign Ordinance are
as follows:
1. Subsection 2 has been amended to permit the placement
of election signs 31 days before the date of the
primary, special or general election to which the sign
relates.
This amendment will add one additional weekend before
the election for candidates to place signs on private
property in Richfield.
2. Subsection 3 has added a sentence that reads "signs
relating to unsuccessful primary election candidates
shall be removed within four days following the
primary election."
This amendment should help eliminate the confusion as
to whether a successful primary candidate may
continue to place more temporary political signs on
on private property immediately after the primary
election.
3. Subsection 7 is a new subsection with states that "no
sign shall be located closer to the travelled roadway
than 10 feet behind the nearest curb."
-2-
4. Subsection 8 is also a new subsection which prohibits
"the placement of any political sign within the 50 foot
• triangle of the street intersection."
As council members are aware, many problems were
encountered this year regarding the placement of
election signs on public right-of-way. Sub-
sections 7 and 8 should help to alleviate this
problem in future elections.
Eight municipalities were surveyed to find out
what restrictions were placed on political sign placement. A
copy of this survey is attached to this council letter. As
indicated in the survey, none of the municipalities allow the
placement of signs on the public right of way. Most of the
municipalities also provide a copy of sign placement regulations
to candidates at the time they file for election. This has
proved to be a very effective way to ensure that signs are not
placed on public right-of-way, or in the visibility triangle of
intersection.
Respectfully submitted,
A,OV
John G. Ca tw ght
City Manager
0 JGC/eja
0
•
•
ELECTION SIGN SURVEY
WHEN SIGNS DATE SIGNS DISTANCE
CITY PLACED REMOVED FROM CURB
BLOOMINGTON No Reg. 7 days after 20 feet
Election
Signs must be kept out of clear-view triangle. Signs are not
allowed on public property, or"on public right-of-way.
Ordinance is enforced when violations are brought to the
attention of city officials. Signs cannot be placed without
owners-permission. -
EDINA 60 days prior 7 days after
to election election
Signs may be a maximum of six square feet, one sign allowed per
street frontage. Signs cannot be placed on public right of
way. Enforcement on a complaint basis.
BURNSVILLE 65 days prior 5 days after 15 feet
to election election
Signs may not be placed on public right of way. Name and
address of persons responsible for sign must be on sign itself.
No enforcement problems.
ROBBINSDALE 7 days prior 45 days after 15 feet
to election election
Signs may not be placed on public right of way. Sign size in
residential areas is five square feet. Signs cannot be placed
in intersection visibility triangle.
MINNEAPOLIS No reg. 6 days after Signs must be
election placed inside
sidewalk
Signs cannot be more than 32 square feet, and owners permission
is required to place signs.
MINNETONKA 30 days prior 10 days after 10 feet back from
to election election property line
20 feet total
Signs cannot be placed in intersection visibility triang-le
and enforcement is based on complaints.
0
•
C
ST. LOUIS PARK
No reg. 5 days after Signs cannot be
placed on public
right of way
St. Louis Park is currently in the process of revising its
election sign ordinance. "The new ordinance proposes that signs
be a maximum size of 16 square feet, with no more than four
signs on one parcel. Enforcement is done on a complaint basis,
particularly in regard to signs placed on public right-of-way.
EDEN PRAIRIE
No. reg. No reg - 10-15 feet back ,
from curb or public
right of way
0
AMENDMENT TO CHAPTER III,
PART V, SECTION 3.47, SUB-
DIVISION 19, OF THE ORDINANCE
CODE OF THE CITY OF RICHFIELD
CITY OF RICHFIELD DOES ORDAIN;
Chapter III, Part V, Section 3.47, Subdivision 19 of the
Ordinance Code of the City of Richfield regulating temporary
election signs is hereby amended to read:
"Subd. 19. Temporary Election Signs. Temporary election
signs may be placed and maintained in the residential and
multiple residential areas of the city subject to the following
regulations:
(1) No sign may exceed eleven square feet in area on
one side. Sign copy, however, may be placed on both
sides of a sign. Signs shall not be designed to have
more than two sides. The aggregate area of all of the
signs placed on any parcel of land within the city may
not exceed thirty-three square feet.
• (2) No sign may be placed more than four weeks (28
31 days) before the date of the primary, special or
general election to which the sign relates.
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(3) All signs must be removed from display no later
than four days following the election to which they
relate. Signs relating to unsuccessful primary
election candidates shall be removed within our davs
following the primary election.
(4) In addition to the other remedies available to
the City under this code, any sign remaining on
display beyond the times specified in paragraph (3)
of this subdivision is deemed abandoned to the city
and may in the city's discretion be removed,
destroyed or otherwise disposed of.
(5) It shall be the responsibility of the sign
owner, the property owner, and in the case of a single
family residence, the occupants, to comply with the
provisions of this subdivision.
(6) No such sign shall be placed or maintained without
the prior approval of the property owner, and in the
case of a single family residence, the occupant.
(7) No sign shall be located closer to the traveled
roadway than 10 feet behind the nearest curb .
(8) No sign shall be located within the 50 foot triangle
of the street intersection.
Passed by the City Council of the City of Richfield,
Minnesota this 26th day of November,-1984.
John amilton Mayor
ATTEST:
Sylvia K. Bergh City Clerk
•
0
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
-?/- -,3D
Council Letter No. 408
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Council Consideration
Hearing for Vacation
74th and Upton
Council Members:
to Change Date of Public
of Public Right of Way,
At the November 13, 1984 city council meeting, the city
council considered a request to vacate an unimproved right-of-
way at the intersection of 74th and Upton Avenue, and the
disposition of dedicated city park property. Mr. Eric
Lindholm had petitioned the city for this vacation and also
requested that the city sell to him a small triangular piece of
park land owned and maintained by the city. Mr. Lindholm is
attempting to acquire enough property to create an additional
residential lot for a new single family residence.
At that meeting, the City Council referred the matter to the
Community Services Commission to look into the adequacy of this
small piece of park property for use by small children and to
determine if there is good access and space at Adams Hill Park
for small children as an alternative site. The City Council
then approved a resolution setting a date of public hearing
for December 10, 1984 to afford neighbors an opportunity to
comment on the CSC recommendations.
As the Community Services Commission does not meet until
December 11, 1984, it is recommended that the City Council
approve the resolution rescheduling the date of hearing to
January 14, 1985•
JGC/eja
Respectfully submitted,
?2ohn G. C tw ght
City Manager
•
x_71 ilJ LV bl. .
RESOLUTION RECEIVING REQUEST FOR THE VACATION -
PUBLIC RIGHT-OF-WAY
AND CALLING FOR PUBLIC HEARING
WHEREAS, petitions have been filed with the City Clerk
requesting the vacation of a portion of public right-of-way
described as follows:
"That part of the platted street of Penn Lake Terrace 2nd
Addition Lying within the following described lines:
Starting at the Northeast corner of Lot 6, Block 1, Penn
Lake Terrace 2nd Addition, Thence South along the East line
of said Lot 6 41.4 feet to actual point of beginning, thence
Southwesterly along curved line of Lot 6 a cord distance
of 173.0 feet to the Southwesterly corner of Lot 6 also
being the Southeasterly corner of Lot 7, thence Westerly
along the curved south line of Lot 7 a cord distance of 75.0
feet to the Southwesterly corner of Lot 7 also being the
Southeasterly corner of Lot 8, thence Westerly along the
Southerly curved line of Lot 8 a cord distance of 39.45
feet, the curve of the above lot lines has radius of 142.41
feet with A delta angle-of 121 degrees 12 minutes, thence
Easterly along a curved line with a radius of 414.84 feet
to the Southwesterly corner of Park as shown on plat of
Penn Lake Terrace 2nd Addition, thence Northeasterly along
the Northerly line of said Park to the Northeasterly corner
of Park on the west right-of-way line of Upton Avenue,
thence North along the Southerly extension of the West line
of Upton Avenue of Block 1 to the actual point of beginning
there terminating.
WHEREAS, said request complies with the requirements of
Richfield Ordinance Code 12.04, Subdivision 2;
NOW THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield as follows:
1. The request for vacation of that portion of public
right-of-way described above is received.
2. A public hearing on the vacation in said request shall
be held on 'January 14,-1985.--
3. The City Clerk is directed to publish notice of such
hearing in the official newspaper of the city and post
notice of said hearing in the manner provided by
Richfield Ordinance Code Section 12.04, Subdivision 3.
Passed by the City Council of the City of Richfield this
day of , 1984.
John Hamilton, Mayor
ATTEST:
Sylvia K. Berg ty er
_4?
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Market Plaza Development
•
0
Council Members:
Council Letter No. 407
Agenda November 26, 1984
On May 14, 1984, the City of Richfield (City) and the
Housing and Redevelopment Authority (HRA) entered into a
contract for the Sale of Land for Private Development with
Market Plaza Corp. (Developer), Arkell Development Corp., (co-
developer) and E. J. Plesko Assoc. Inc. (co-developer). The
contract identified the obligations of all the parties. The
development concept has been refined since the contract was
executed. Several amendments and revised exhibits must now be
considered by the HRA and the City Council prior to the
conveyance of land to the developers (the projected closing
date is the week of 11/26 - 11/30). The amendments and exhibits
concern the unit mix and size, Certificate of Completion,
Assessment Agreement, Agreement to Pay Deficiencies, and Letters
of Credit.
1. Project Concept Plans: Exhibit H contained a list of units
and sizes for the condominiums and apartments.
May 14 Agreement Condominium
Component
23 1 bdrm. @ 600 s.f.
45 1 bdrm. @ 780 s.f.
45 1 bdrm. & den @ 1,000 s.f.
23*2 bdrm. @1,200 s.f.
136 Units
Condominium Component
Amended Unit Mix & Sizes
November 17, 1984
12 1 bdrm. 596 s.f.
55 " 783 s.f.
10 " 735 s.f.
10 1 + den 926 s.f.
23 11 932 s.f.
11 IT 950 s.f.
10 2 bdrm. 970 s.f.
22 It 1089 s.f.
1 2 bdr. + den 1510 s.f.
1 " It 1129 s.f.
1 IT it 1261 s.f.
1 if It 1232 s.f.
157 Total Units
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May 14 Agreement Apartment Apartment Component
Comp onent November 1 7, 1984
30 1 bdrm. 600-620 s.f. 22 1 bdrm. 629 s.f.
36 1 bdrm. 700-720 s.f. 23 if 715 s.f.
40 1 bdrm. & den 825-850 s.f. 10 " 629 s.f.
56 2 bdrm. deluxe 950-1050 s.f. 4 " 769 s.f.
8 " Ha ndicapped 687sf
162 Units 32 1 bdrm. + den 829 s.f.
- 7 1, « 868 s.f.
48 2 bdrm. 1054 s.f.
8 11 1078 s.f.
10 Units
The Final Concept Plans submitted on November 9, 1984,
incorporate the above noted amendments. In accordance with the
contract,all refinements, or changes must be approved by the HRA
and City Council.
2. Certificate of Completion: (Exhibit C)
The present contract calls for the issuance of one
Certificate of Completion by the HRA upon the notification by
the Developer that all the improvements contemplated by the
Project Plans are completed. The proposed amendment would
provide for three separate Certificates of Completion; the
condominiums, the apartments and the shopping center.
3. Assessment Agreement (Exhibit D)
The Assessment Agreement establishes a minimum Estimated
Market Value (EMV) for the property and improvements to be no
less than $21,225,000.
It would be more appropriate to have two separate
Agreements, one for the condominium housing component, and
another for the shopping center/apartment housing
component.
4. Short Fall Amendment
In Article 5, Section 1 of the Developers Agreement, the
developer is obligated to negotiate with the HRA to identify
sources of additional revenue if the cost of site assembly
exceeds three million dollars. The costs will exceed this
amount.
0
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. Estimated Project Costs
000's omitte
Land - East End $3,444
Land - West End (1) -0-
Site and Soil Improvement 268
Demolition 110
Property Taxes & Spec. Assmts. 124
Administration and Legal 375
$4,321
(1) Paid out of a prior bond issue.
It has been agreed that this increased cost will be met by
increasing the number of units in the condominium and thus the
EMV, and also providing the city with a debt partner position
in the development. The concept for this arrangement is
explained in the September 14, 1984, Richard Krier letter to the
City Attorney (see back-up)
The EMV will be revised as follows:
Previous New
Component EMV EMV Change
Condominium $10,850,000 $11,466,000 +$616,000
5. Letters of Credit Amendment: (Exhibit E)
The Letters of Credit in the present contract hold the
Developer liable to the HRA for liquidated damages for each of
the two housing components and the shopping center component.
The City also requires a developer to post a performance bond
for a PUD and an off-street parking contract. It is proposed to
modify the developers agreement such that the letters of credit
be defined to include the requirements for an off-street parking
contract bond and PUD bond.
6. Agreement to Pay Deficiencies Amendment: (Exhibit F)
This Agreement states that if the tax increment generated
from the development in any given year, commencing in 1986 is
insufficient to make the principal and interest payments due on
the bonds issued by the City, the Developer shall pay the
difference. It is proposed that two Agreements replace the one
Agreement. That is, there would be a Deficiency Agreement for
the condominium and another for the apartment/shopping center.
7. Financial and Construction Agreements:
E. J. Plesko, John Arkell, Roger Derrick and Dick Krier met
with the HRA Chairman and the HRA staff on Wednesday, November
14, 1984, to report on the status of their financial commitments
and construction contracts.
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E. J. Plesko will utilize Prudential Bache as the municipal
bond underwriter. The estimated 12 million dollar financing
• plan consists of a 10 million dollar IDB issue and another two
million for balancing the mortgage (gap loan to fund the balance
of the construction costs).
Mr'. Charles Freeburg of Prudential Bache told the Executive
Director that most savings and loan institutions can get a
triple A bond rating. How? The S & L's put up government
securities and home mortgages at 160 to 180% over collateral.
This means there is very little risk for the bond holders. This
is the approach being used by First Federal of Minneapolis.
To make the bonds even more marketable, insurance has been
placed n the issue by Industrial Credit Insurance of New York in
turn for points up front.
The remaining project costs are covered by a one and one-
half million dollar letter of credit from Balcor/American
Express in favor of the bond trustee. E. J. Plesko and Roger
Derrick will each place one-quarter million dollars-as-equity.
Balcor/American Express is the second largest security
underwriter in the country. The loan to equity ratio should be
approximately 75:25 per cent. This is a very attractive package.
Mr. Freeburg says the appraisal on the project is in the
sixteen million dollar range.
40 The Executive Board of First Federal approved the guarantee
of their collateral on Thursday, November 15, 1984. The full
board approved the financial commitment matter on Monday,
November 19, 1984.
Tenants have submitted letters of intent to lease 42,000
square feet of the 63,000 square feet of leasable floor area in
the shopping center. Tenants include two restaurants and a drug
store. E. J. Plesko has executed the Borson construction
contract. Derrick and Arkell have a signed commitment from
Twin City Federal for a nine million dollar, 24 month loan to
finance the construction of the condominium. The developers
have at their option a one year extension. Sale of the
condominium units will retire the loan.
Health Central has been added as a limited partner for their
one million dollar letter of credit from First Minneapolis.
The TCF commitment does not contain a presale requirement.
As of November 14, 1984, 106 reservations had been received.
Market Plaza officials expect to start converting resevations to
sales agreements within the next two weeks.
Both Richfield Bank and Trust and First Minneapolis will
provide end loan takeouts on their single family homes to
condomonium purchasers to assist these buyers, if necessary,
until their homes are sold. However, experience to date
indicates most condominium purchasers will be paying cash.
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After the City/HRA finalize the sale of land to Market Plaza
during the week of November 26th, Market Plaza officials will
then proceed to close on their loan commitments during the week
of December 3-7th.
Derrick and Arkell reported they expect to sign the Knutson
construction contract during the week of November 26-30-, 1984.
It is recommended that the City Council approve the
amendments and revised exhibits related to the unit mix and size,
Certificate of Completion, Assessment Agreement, Letters of
Credit and Agreement to Pay Deficiencies. These items were
approved by the HRA at their meeting-of November 19, 1984.
The City Manager and City staff will follow this
outline for its November 26, 1984 agenda report on the Market
Plaza Development:
A. Revised Project Plans
1. -Condominium component moved to north property
line of the site.
2. Eleven additional surface parking spaces added
to the condominium component.
3. Results of a parking ratio comparison study of
similar condominium projects to Woodlake Point
Condominium.
Woodlake Point .86 spaces/unit
Lake Shore Drive 1.08*
7500 York .88
*LSD has 45 vacant spaces; actual use is .83
spaces per unit.
4. Provision for delivery truck unloading zones.
5. Request to close Graha m Avenue for construction
purposes u ntil street is vacated.
6. Request to use two of the four lanes on 65th
Street for cranes and staging materials.
7. Payment of $1400 for v acation of Graham Avenue.
B. Final PUD Plans
1. Additional floor with 10 units for condo component
2. Status of property exchange with owner (Strom)
of Wendy's fast food site.
r1
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C. Status of Financing And Construction Agreements
1. Condominium Component
(a) Health Central added as a limited partner
to provide one million dollars of equity
(letter of credit)
(b) nine million dollar, loan for 24 months with
a one year extension option
(c) financial closing date - week of 12/3/84
(d) no presale condition - have already exceeded
reservation requirement of 49 units (actual
106 reservations)
(e) construction contract with Knutson to be
executed Friday, November 16, 1984.
2. Commercial/Apartment Components
(a) Prudential-Bache underwriter for commercial
and Housing Bond Issues
(b) Balcor and American Express added as limited
partners to provide additional equity to
improve the equity to loan ratio (25-.75).
(c) Construction contract with Borson executed by
all parties except Derrick
(d) First Federal provides financial commitment
to enhance bond rating and sale.
D. Amendments to Agreements
1. Provide that the letters of credit caled for in
the developers agreement can also be used as the
required performance bonds for the off-street
parking contract and the PUD performance.
2. Increase the EMV on the condominium project
3. Provide for city equity participation in the
commercial/apartment component
4. Provide that there shall be separate assess-
ments agreements and deficiency agreements
(in the event captured assessment values are
insufficient to meet debt service on the TIF
bond issue) for each project component
5. Incorporate the revised project plans into the
Developer's Agreement
6. Provide that each component can be issued a
certificate of completion when ready for
occupancy.
NOTE: Items (D2) and (D3) are matters dealing with the
city's increased costs to acquire this site.
E. Construction Timetable
Start Complete
Condominium Dec. 1984 Fall 1985
40 Commercial Spring 1985 Spring 1986
Apartments Spring 1985 Summer 1986
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00 F. Demolition and Site Grading
1. Request to start prior to finalizing land sale
G. Environmental Assessessment Worksheet
1. November 13, 1984 city council held public hearing
and determined no need for EIS
H. IDB and Housing Bond Sales
1. IDB issue scheduled for December 10, 1984 city
council agenda
2. Housing issue in early 1985
ectful y s itted,
ohn G. C rt right
City Manager
JGC/eja
U
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The Derrick Companies 1650 Shelard Tower • Minneapolis, MN 55426 • 612 /546-2276
15 November 1984
Mr. John Cartwright, Executive Director
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
6700 Portland Avenue South
Richfield, Minnesota 55423
Subject: Market Plaza
Dear John:
I hereby request that the Housing and Redevelopment Authority allow us
to proceed with grading on the condominium site and the demolition of
the Tanner office building on the Market Plaza site. This grading
operation is necessary so that we will be able to stay on schedule for
construction of the condominipms.
Should you have any questions, please do not hesitate to contact me.
S rely,
R chard C. Krier, AICP
Vice President
Derrick Companies
RCK:clb
1?1
cc: David Sellergren
Steve Yurick
i
The Derrick Companies 1650 Sheiatd Tower • Minneapolis, MN 55426 • 612 /546-2276
16 November 1984
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
6700 Portland Avenue South
Richfield, Minnesota 55423
Attention: Mr. John Cartwright, Executive Director
Subject: Market Plaza Construction Contracts
Dear Commissioners:
Under separate cover, I have submitted two construction contracts as
required by the "Redevelopment Agreement." After taking competitive
bids, a contract was negotiated with Knutson Construction-Company.
This contract is for construction of Woodlake Point Condominiums. The
second contract was prepared by Bor-Son Construction Company. The
Bor-Son contract is for costructing the shopping center and apartment
building. Both contractors have provided guaranteed maximum prices on
the respective parts of Market Plaza. Both the Woodlake Point
. guaranteed maximum price and the shopping center/ apartment building
guaranteed maximum price are within the budget. Both guaranteed
maximum prices have been accepted by us.
E. J. Plesko negotiated the Bor-Son contract. Both E. J. Plesko and
Tom Weber, Vice President, Bor-Son, have signed the contract and
referred it to us for review and approval. Although there are a
number of technical changes which our consultant and legal counsel
have recommended, the Guaranteed Maximum Price of $10,586,000 has been
agreed to. This means that the shopping center and apartment building
can be built within the budget. We are meeting again with Bor-Son
Monday to resolve the technical issues and expect to have a fully-
signed contract soon.
We have negotiated the Knutson Contract and expect to have it signed
by Monday evening or very shortly thereafter. All of the items have
been agreed upon, including a Guaranteed Maximum Price of $7,390,000.
Si erely,
Richard C. Krier, AICP
Vice President
Derrick Companies
0 RCK:clb
cc: David Sellergren
Steve Yurick
i
?? ? ?
The Derrick Companies 1650 Sheiard Tower . Minneapolis, MN 55426 • 612 /
546-2276
15 November 1984
Mr. John Cartwright, Executive Director
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
6700 Portland Avenue South
Richfield, Minnesota 55423
Subject: Market Plaza
Dear John:
I hereby submit.to you revised project plans for the Market Plaza
Redevelopment Project. These revised project plans include the
following:
1.
2.
3.
4.
5.
6.
7.
Site Plan
Elevations
Utility Plan
Landscape Plan
Grading and Drainage Plan
Floor Plans
Individual Unit Plans
These final project plans are plans which have been discussed with the
city staff at various stages of the development.
I am requesting that the Housing and Redevelopment Authority approve
the project plans at their November 19, 1984, meeting.
Should you have any questions, please do not hesitate to contact me.
S rely,
Richard C. Krier, AICP
Vice President
Derrick Companies
RCK:clb
0
cc: Steve Yurick
David Sellergren
i
0 The Derrick Companies 1650 Shelard Tower • Minneapolis, MN 55426 • 612 /546-2276
15 November 1984
Mr. John Cartwright, Executive Director
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
6700 Portland Avenue South
Richfield, Minnesota 55423
Subject: Market Plaza
Dear John:
The purpose of this letter is to request that the Housing and
Redevelopment Authority approve the construction contracts and
financial commitments for construction of Woodlake Point Condominiums
and Market Plaza Shopping Center and Apartment Building. In this
regard I am submitting to you the following:
1. A conditional financial commitment from Twin City Federal
• Savings and Loan.
2. A construction contract from Knutson Construction Company.
This contract has not been signed, but has been agreed to
upon review of Knutson's attorney.
3. A conditional financial commitment from Prudential-Bache.
4. A'conditional financial commitment from Balcor-American
Express.
5. Construction contract from Bor-Son Construction Company.
This contract has not been signed, but has been negotiated
and only needs minor modifications.
I understand that the credit enhancement commitment will be available
Monday evening from First Federal Savings and Loan.
Should you have any questions, please do not hesitate to contact me.
Sid er ly,
i
Richard C. Krier, AICP
Vice President
• Derrick Companies
cc: David Sellergren
RCK:clb Steve Yurick
.alcor/Amer can Express
Real Estate Finance Inc.
Balcor Plaza
4849 Golf Road
Skokie, Illinois 60077
(312) 676-6700
Mr. E. J. Plesko
President
E. J. Plesko & Associates, Inc.
220 Oak Street
Grafton, WI 53024
RE: Market Place
Richfield, Minnesota
Dear Mr. Plesko:
Pursuant to our previous discussions, this shall serve to confirm
that Balcor/American.Express Real Estate Finance, Inc. would
consider financing a $2,000,000 gap loan to fund the balance of
construction costs associated with the above referenced project.
Our proposed commitment would be conditioned upon the following
being demonstrated satisfactorily to Balcor:
Total project costs including interest reserve and
contingencies not to exceed $12 million. Within this budget,
total construction (hard) costs not to exceed $10,361,500,.to
be confirmed by Balcor's consulting architect. The balance of
indirect (soft) costs to be determined based upon underwriting
of interest rate movements, lease up and rental income, as
well as funds arbitrage and traditional soft cost line items.
- Placement of permanent IRB financing of $10 million to be
underwritten by Prudential Bache's Municipal Bond Department.
Said financing to carry a term not less than 5 years and an
interest rate not greater than 9% per annum. Total borrowing
costs on the IRB including amortization and agency fees shall
not exceed 10% per annum.
The aforementioned conditions are an essential and integral
component to Balcor's commitment to provide this financing. Any
modifications in these conditions will terminate our obligation to
fund the gap loan.
Sincerely,
• Lawrence D. Silberman
Assistant Vice President
LDS;dc
Lending Smart Thinking to Real Estate
June 27, 1984
Public Finance Department
•
Mr. E. J. Plesko & Associates, Inc.,
Mr. Michael Gould
Bor-Son Construction
2001 Killebrew Drive
Bloomington, Minnesota 55420
September 14, 1984
Re: Market Plaza Project
Richfield, Minnesota
Dear Erv and Mike:
Prudential-Bache Securities Inc. (the "Underwriter") will purchase
the tax-exempt securities issued on behalf of Mr. E. J. Plesko and
Bor-Son Construction and Mr. Dederick for the purpose of providing funds
for the development of Market Plaza in Richfield, Minnesota
This purchase is subject to the following conditions:
1. The securities shall be issued for a term not to exceed 30 years
and in an amount not to exceed $3,500,000 for the 70,000 square
foot shopping center and $6,500,000 for the 162 units of rental
housing; and at an interest rate and price acceptable to the
underwriter.
2. Receipt of an unqualified opinion of a nationally recognized firm
of municipal bond attorneys acceptable to us stating that:
a. the securities, when duly authorized and executed, are valid
. and legally binding obligations;
b. interest to be paid on the securities is not includible in the
gross income of the recipient thereof for federal income tax
purposes (except in the case of a "substantial user" or
"related person" as such terms are defined under the Internal
Revenue Code);
C. the securities will not constitute "arbitrage bonds" as
defined under the Internal Revenue Code.
3. The securities shall be secured by a collateralized loan commitment
agreement from First Federal Savings & Loan of Minneapolis or by
another savings and loan acceptable to us or by such other security
provisions which the Underwriter in its sole discretion shall deem
acceptable. The savings and loan mentioned above is favorably
impressed by the project and has verbally expressed their
willingness to commit to the project.
•
Prudential-Bache Securities Inc., 135 South LaSalle Street, Suite 1206, Chicago, IL. 60603
Tel% 312 630-7083
OW
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Prudential-Bache
-- 6e'ciries
4. The purchase commitment shall be subject to submission of all
normal trust indenture and loan documents and receipt of normal
supporting information required by the Underwriter, with such
documents and information to be deemed acceptable by the
Underwriter.
S. Such other terms and conditions as the Underwriter deems
appropriate to insure that the securities are of investment grade
quality--AA or AAA, and receipt of such rating from Moody's or
Standard & Poor's prior to closing.
The timing for issuance and purchase of these bonds shall be 30
days for documentation and another 15 to 21 days to close and to deliver
proceeds once the written collateralized loan commitment is.in hand
(collateralized loan commitment expected October 1st).
Very truly yours,
Charles W. Freeburg
Vice President
•
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tag
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TwiN CITY FEDERAL SAVINGS AND I-LEAN ASSOCIATION
MARQUF.M. AT EIGFifN s(RE,E' • ?tit'ZFAI-0IIS.%IIN-,FNOt% ,540: • ,70-70(.?O
November 7,
Richfield Lake Joint Venture, 40ft;
c/o Arkell Development Corporation
121 E. Seventh Street
St. Paul, Minnesota 55101
Re: $9,000,000 Construction Loan Financing
Dear Sirs:
1984
inaj
In accordance with the application for construction
loan financing, Twin City Savings and Loan Association (the
"Lender") has approved a construction loan to Richfield-Lake
Joint Venture, 7MObw a Minnesota (the "Borrower")
?•; ?a?+„?gti;?a
the amount of $9,000,000.
The loan will be for the purpose of financing the
construction of improvements on the real estate hereinafter
described. The loan proceeds shall be disbursed pursuant to a
Construction Loan Agreement satisfactory in form and substance to
Lender. Funds advanced will bear interest at the rate of two
percent over the interest rate publicly announced from time to
time by Norwest Bank Minneapolis, N.A., as its prime or base
rate. In the event the Norwest Bank Prime or Base rate shall
become unavailable, the Lender shall select a comparable
a ternative interest rate indicator and shall so notify the
Bci:-:wer. Interest only shall be payable monthly from the loan
proceeds.
The loan is due and payable two years from closing;
provided, however, that so long as Borrower is not in default,
Lender shall consent to a 12-month extension of the term of the
loan upon payment of a fee equal to 1 - 1/2% of the original
principal amount of the note.
The Borrower shall complete construction within 1017
months of closing. The security for this loan shall consist of:
(a) Approximately 1.5 acres of real estate described
on Exhibit A hereto;
(b) Any real estate which constitutes an integral pa;t ,
of the entire premises of wliich4said-real estate is a
portion;
(c) The improvements existing on said real estate, the
improvements to be constructed on said real estate which
shall include a 12-story brick, concrete-framed structure
with a two-level subterranean garage for 121 cars, and an
adjacent guest parking lot for 19 cars. The structure shall
contain common areas for residents and 157 condominium
units;
(d) All hereditaments, easements, rights, privileges,
and appurtenances belonging, attached, or in any way per-
taining to any of the aforesaid real estate; and
(e) All fixtures, machinery, equipment, appliances,
vehicles, and personal property now or hereafter owned by
the borrower and located in, on or about, or used or inten-
ded to be used with or in connection with the use, operation
or enjoyment of any of the aforesaid real estate or the
improvements thereon.
This loan is subject to all the terms and conditions
hereinafter set forth.
1. Title to Premises. Fee simple title to the mortgaged
premises will be in, and the mortgage documents will be executed
by, the Borrower. If title is not now in the Borrower, the
Borrower will furnish to the Lender a copy of the purchase
agreement pursuant to which the Borrower acquires title.
2. Leases. The Borrower shall have submitted all leases
of the mortgaged premises to the Lender and the Lender shall have
approved the credit standing of the lessees named therein and
shall have found the leases to be satisfactory in form and
content. All leases shall be submitted as executed or intended
to be executed. Any leases not heretofore executed shall be
submitted to the Lender for approval prior to execution. To the
extent required by the Lender, the Borrower shall have assigned
its interest in the rents on said leases to the Lender by
assignments satisfactory in form and content to the Lender. Each
lease at the election of the Lender will be either superior or
subordinate to the lien of the mortgage and security agreement
and all lessees shall have executed appropriate subordination or
attornment agreements. Also, to the extent required by Lender
each lessee will have executed an estoppel agreement and
acknowledged receipt of a notice of assignment of rents, all
satisfactory in form and content to the Lender.
3. Su_ rTvey. The Borrower shall have submitted to the
Lender a perimeter land survey, in form and substance satisfac-
tory to the Lender, showing the exterior lines of the mortgaged
premises, the location of all improvements thereon that are to
remain after construction starts together with proposed location
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of the new improvements, showing them to be within the exterior
lines, showing no easements, rights-of-way or encroachments
except such as may be acceptable to the Lender. The survey shall
be currently certified by a civil engineer or registered surveyor
to have been prepared for the Lender and the certification shall
state that there are no easements, rights-of-way or encroachments
except as shown on the survey.
4. Condominium documents; releases. All documents
relating to formation of the condominium must be satisfactory in
form and substance to Lender. Lender will agree to provide
partial-releases as to its mortgage of individual condominium
units provided (a) no default exists under the loan documents,
(b) Lender shall have received and approved bona fide purchase
agreements covering at least 50% of the individual units at an
aggregate price of at least $4.5 million, (c) Lender shall
receive 90% of the proceeds of any sale, and (d) Lender shall
have been given a right of first refusal as to loans obtained by
purchasers of individual units.
5. Title. The Lender shall have received a commitment, in
form and substance satisfactory to the Lender, of a title insur-
ance company approved by the Lender to issue its policy of title
insurance which (a) names the Lender as insured in the principal
amount of the loan without a "pending disbursement" clause or
similar limitation, (b) insures the mortgage and security agree-
ment to be a valid first lien on the mortgaged premises and
(c) is free from exception for W matters which would be dis-
closed by a survey or inspection, (ii) mechanics', contractors'
or materialmens' liens and lien claims, (iii) rights and claims
of parties in possession (other than lessees approved by Lender),
(iv) easements, or claims of easements not shown by the public
records, and (v) other exceptions not approved by Lender. The
Lender shall also have received an endorsement to such commitment
stating its effective date to be the date of the closing and a
letter from the title insurance company in which it undertakes
not to release the proceeds of the loan until the mortgage and
security agreement has been recorded and it has assured itself
that it can issue its policy without any exception other than
those listed in the commitment and undertakes to deliver such
policy to the Lender within two business days of the closing.
6. Soil Test. Borrower shall have submitted a soil test
satisfactory to Lender prepared by a soil engineering firm
acceptable to Lender.
7. Commencement of Construction. Unless other arrange-
ments are made with the title insurance company satisfactory to
Lender, no'improvements (including.staking, grading, or removal
of trees) shall be commenced and no material delivered to the
premises until the note, mortgage and security agreement, and
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construction loan agreement have been signed, until the mortgage
and security agreement has been placed of record, and until the
title insurance company has thereafter photographed the premises
and such photograph discloses that no such improvements have been
commenced or materials delivered. .r
8. Taxes and Special Assessments on Mortgaged
All real estate taxes payable in the year of the clos
have been paid.
9. General Contractor. The general contractor for
construction of the above-described improvements shall be
satisfactory to Lender, and the Lender shall have approved
construction contract.
10. Completion Date. The new improvements shall be
pleted no later than months from the date of closing.
IS
11. Sworn Construction Statement.
statement satisfactory to Lender shall be
to the title insurance company.
1
the
the
com-
M )
? f
i
A sworn construction
furnished to Lender and
12. Plans and Specifications. The new improvements to be
constructed on the mortgaged premises will be constructed accord-
ing to the plans and specifications approved by and on file with
Lender, and there will be no additions or deletions to said
specifications without approval of Lender.
13. Additional Funds. Borrower will provide any funds
necessary in addition to the loan proceeds to complete the new
improvements including all hard and soft costs associated
therewith.
14. Insurance. Borrower will furnish Lender with originals
of policies of builder's risk insurance, comprehensive general
liability insurance, workmen's compensation insurance, and other
such insurance as Lender may request, satisfactory to Lender in
form, content, and amount. The policy of builder's risk insur-
ance shall contain a loss payable clause in favor of Lender.
15. Disbursements by Title Company. Disbursement of the
loan proceeds shall be made by the title insurance company in
accordance with the terms of a construction loan agreement to be
entered into between Borrower, Lender, and the title insurance
company. Said agreement shall require that an architect approved
by Lender furnish a certificate with respect to each disbursement
stating that the construction for which the disbursement is to be
made has been completed according to the plans and specifications
approved by Lender in a good, workman-like manner.
•
-4-
16. Certificate of Completion. At the time of the final
disbursement of the loan proceeds, said architect shall furnish a
certificate stating that the building was constructed according
to plans and specifications on file with Lender, and that the
improvements are fully completed -in a good, workman-like manner.
17. Independent Architect. Lender may at its option
require that its own independent architect verify and approve
each or any of the architect's certificates required with respect
to each disbursement of loan proceeds, including the final
disbursement.
18. Zoning and Certificate of Occu ancy. The Borrower
shall have submitted to the Lender evidence satisfactory to the
Lender that all existing and proposed improvements on the mort-
gaged premises and uses thereof comply with applicable zoning
ordinances and building and use restrictions and codes, any
requirements with respect to licenses and permits necessary for
the lawful use and operation of the premises and any instruments
of record affecting the same. The Lender shall also have
received a copy of a certificate of occupancy prior to final
disbursement.
19. Documentation. The Borrower shall have furnished such
documentation as the Lender deems necessary or desirable for its
protection. All loan documents (including the note, mortgage and
security agreement, construction loan agreement, buy and sell
agreement, assignment of rents, guaranty, financing statements
and such other documentation as the Lender may request) shall be
prepared by Lender's counsel and be satisfactory in form and
content to the Lender. If the Borrower is a corporation, the
Borrower shall have furnished to the Lender Board of Directors'
resolutions prepared by Lender's counsel and certified by its
Secretary authorizing the loan and such other evidence of due
corporate authorization and execution as the Lender may request.
The mortgage and security agreement shall contain the following
provisions, among such others as the Lender may reasonably
require:
a. Tax Reserve. The Mortgagor shall pay to the
Mortgagee monthly installments equal to
1/12th of such amount as the Mortgagee shall
estimate to be required for the purpose of
accumulating a fund with which to pay when
due estimated real estate taxes and assess-
ments on the mortgaged premises; such reserve
shall bear no interest.
•
-5-
. b. Limited Assumption. The Mortgagor may not
sell, assign, convey or mortgage the legal or
equitable title or both legal and equitable
title to all or any portion of the mortgaged
premises without-the written, consent of the
Mortgagee. If the Mortgagor is a corpora-
tion, partnership or other entity the legal,
beneficial or equitable ownership of such
entity shall not be changed by sale, convey-
ance, transfer, assignment or encumbrance
without the written consent of the Mortgagee.
C. Financial Statements. The Mortgagor shall
keep and maintain, at all times, full, true
and accurate books of accounts, in sufficient
detail to show the names of the tenants, if
any, occupying the Mortgaged Property, the
rent paid by each such tenant and security
deposits, if any, all adequate to reflect
correctly the results of the operation of the
Mortgaged Property, which books and the
records relating thereto shall be open to
inspection and copying by the Mortgagee or
its representative during ordinary business
hours. The Mortgagor shall furnish to the
Mortgagee, within ninety (90) days after the
end of each fiscal year of the Mortgagor, a
balance sheet and a statement of income and
expenses, all in reasonable detail, in form
and content satisfactory to the Mortgagee and
prepared by a public accountant in accordance
with generally accepted accounting princi-
ples, showing the results of the operation of
the improvements operated or situated upon
the Land for such fiscal year. If the
Mortgagor is a corporation, partnership, or
other entity, the Mortgagor shall further
supply annual disclosures (reports) to the
Mortgagee setting forth the legal, equitable
and beneficial owners of the shares,
partnership interests or other interests.
The statement shall show all encumbrances and
assignments of such interests and shall
contain such other information as the
Mortgagee may require in order to determine
the ownership and control of the Mortgagor.
Borrower shall review all loan documentation prior to closing and
advise Lender at least 72 hours prior to closing of any objec-
tions thereto.
•
-6-
20. Stand-b,
commitment fee of
of said fee (less
Borrower) must be
the balance of sa:
?r Commitment Fee and Loan Fee. A nonrefundable
$270,000 must be paid by the Borrower. $20,000
the $2,000 application fee already paid by
paid at the time this letter is accepted, and
id fee must be paid at or before closing.
21. Financial Statements. The Borrower shall have submit-
ted annual operating statements for the mortgaged premises for
the last three years acceptable to the Lender and certified by an
independent certified public accountant. The Borrower shall also
have furnished such financial statements, financial reports and
credit reports and information concerning the Borrower, lessees
and guarantors as the Lender may request, all acceptable to the
Lender and with such certifications as the Lender may specify.
22. Condition of Premises. The mortgaged premises shall be
in good condition at the time of each disbursement, substantially
undamaged by fire or other hazards, and shall not have been made
the subject of any condemnation proceedings.
23. No Defaults, Misrepresentations. There shall be no
default in the performance of any undertaking or agreement
required to be performed by the application and neither the
application nor any information, representation or warranty
contained therein or furnished to the Lender in connection with
. the loan shall at the time of the closing contain any untrue
statement or omit to state any fact necessary to make the
application or any such information, representation or warranty
not misleading, it being intended by the Borrower that the Lender
in the making of any loan shall rely in all respects upon the
truth and completeness of the application and such information,
representations and warranties.
24. Sewer, Water and Streets. Sewer and water for the
mortgaged premises, serviced by a municipality, shall have been
completed in accordance with municipal specifications and paid
for. Access to the mortgaged premises consisting of hard sur-
faced streets serviced by a municipality shall have been com-
pleted in accordance with municipal specifications and paid for.
25. Attorney's Opinion. The Borrower shall have submitted
to the Lender an opinion of counsel satisfactory in form and
content to the Lender, and furnished by counsel approved by the
Lender, as to the due authorization, execution, delivery, valid-
ity and enforceability of the mortgage documentation, the repre-
sentations made in the paragraphs of this letter headed "Litiga-
tion' and 'Compliance with Other Instruments' and such other
matters as the Lender may reasonably request.
26. Expenses. The Borrower will pay all expenses incurred
. by the Lender in connection with the consideration of this
-7-
• application, the preparation and issuance of the commitment, the
closing of the loan, and if the loan is to be purchased from an
interim or other lender, the transfer of the loan from such
lender to the Lender, whether or not the loan is closed, includ-
ing without limitation attorney's-fees, appraiser's fees, archi-
tect's fees, survey costs, inspection costs, credit report costs,
mortgage registration tax, recording and filing fees, escrow fees
and title insurance premiums. The Lender is hereby authorized to
deduct from loan proceeds any amounts necessary to pay such
expenses or to pay prior liens on the mortgaged premises or
establish good title thereto or to complete improvements thereon
and to pay such amounts for such purposes.
27. Litigation. There shall at the time of closing be no
action, proceeding or investigation pending or threatened (or any
basis therefor) which might materially adversely affect the
condition, business or prospects of the Borrower or any guarantor
of the loan or any properties or assets of any of them, or which
might adversely affect the ability of any of them to perform its
obligations under the loan documentation.
28. Compliance with Other Instruments. The carrying out of
the transactions contemplated hereby will not result in any
violation of or be in conflict with any term of the Borrower's
organizational documents or of any mortgage, indenture, lease,
assignment, agreement or other instrument or any license, permit,
judgment, decree, order, statute, law, ordinance, or governmental
rule or regulation applicable to it, or result in the creation of
any lien upon any of its properties or assets, other than as
contemplated hereby.
29. Survival of Warranties and Agreements. All of the
representations, warranties and agreements made herein, in the
application for the loan, or in connection herewith shall survive
the closing and inure to the benefit of the Lender, its succes-
sors and assigns.
30. No Assignment. This commitment is not assignable by
the Borrower.
31. Secondary Financing. The Borrower at the time of
closing will not have obtained any financing secured by the mort-
gaged premises other than this loan and will not contemplate any
such other financing.
32. Brokerage. There will be no claims for brokerage
commissions or fees in connection with the transactions contem-
plated hereby and the Borrower hereby agrees to indemnify and
hold the Lender harmless in respect of any and all losses and
expenses sustained by the Lender as a result of any liability to
• any broker or any claim of any such liability.
-8-
• 33. Commitment Termination. The commitment may, at the
Lender's option, be terminated if there is any material change in
the security, or if either the application or any information,
representation or warranty contained therein or furnished to the
Lender in connection with the loan shall have contained at the
time made or furnished or at any time thereafter any untrue
statement or at any such time shall have omitted to state any
fact necessary to make the application or any such information,
representation or warranty not misleading, or if the Borrower
fails to execute the loan documents, or perform any of the terms,
conditions or agreements of the application or this commitment,,
or if in the reasonable judgment of the Lender any condition
contained herein or in the application cannot be fulfilled by the
commitment termination date, or in the event of the filing by or
against the Borrower of a petition in bankruptcy or insolvency or
for reorganization or the appointment of a receiver or trustee or
the making by the Borrower of an assignment for the benefit of
creditors or the filing of a petition for arrangement by the
Borrower, which is not withdrawn or dismissed, cancelled-and/or
terminated within sixty (60) days after the filing of the same or
entry into the same. If the loan is not delivered in accordance
with the terms and conditions of the commitment or if the commit-
ment is terminated hereunder or thereunder, no liability of any
kind shall accrue to the Lender by reason thereof, and further,
• the Borrower agrees to pay all costs and expenses incurred by the
Lender in connection herewith or with the application, including
but not limited to those listed in the paragraph hereof headed
"Expenses".
34. Credit Reports. The Borrower represents and warrants
that all credit information submitted or to be submitted to the
Lender is or will be, as the case may be, true and correct-, and
the Borrower authorizes the Lender to make such credit investiga-
tions and obtain such credit reports and other financial informa-
tion, written or oral, respecting the Borrower's credit and
financial position as the Lender may deem necessary or desirable.
35. security for Costs and Fees. The mortgage and security
agreement, and any other security instruments securing the loan,
will secure all obligations of the Borrower hereunder, whether or
not the mortgage and security agreement or any such other secur-
ity instrument so provides.
36. Right to Inspect. As long as this commitment, or any
loan pursuant thereto, is in force and effect, the Lender shall
have the right at all reasonable times to inspect the property
given as security for the loan.
37. Closing Date. The loan documentation shall be executed
no later than December3l, 1984.
0
-9-
. 38. Certificate on Outstanding Loans. The Borrower must
sign a certificate listing all outstanding loans to the Borrower
held by the Lender.
39. Conflict of Interests.- There shall be no relationship
between the Borrower or the transaction herein contemplated and
the Lender which would cause the loan to be in violation of any
conflict of interests regulations applicable to the Lender or
require the Lender to disclose the loan under any such
regulation.
40. Personal Property. All fixtures and personal property
covered by the mortgage and security agreement must have been
paid for in full and the Borrower shall have executed a financing
statement-in favor of the Lender with respect thereto. The
Lender shall have received a Uniform Commercial Code search
showing only said financing statement as a security interest.
41. Guaranty. John W. Arkell and Roger D. Derrick shall
have executed a-joint and several guaranty of all loan indebted- -
ness, satisfactory in form and substance to the Lender.
42. Change in Condition. There shall have been no mate-
rial, adverse change in the interim period from the date of this
commitment to the closing in the condition of the Borrower or in
the assets, net worth or credit standing of the Borrower or any
guarantor.
43. Letter of Credit. The Lender shall have received an
irrevocable Letter of Credit in such face amount as Lender steal
determine naming Lender as beneficiary satisfactory to Lender in
form and substance Lissued by a financial institution approved by i_.-.
LendTr.C(3.`1/J c» frcdle[.f Cosf tsf,ry,aT s??n;f f? to TCG Ks '4
t?;s c14?C, Can l.C. %h fl?? ++/^if;j
?LrNO NM Or ?4N?1i 1/i O.fN,!' bz re?Kl `'C'[i', ` ?J
This commitment shall become null and void unless
written acceptance thereof by the Borrower is received within ten
days from the date hereof.
Very truly yours,
F
•
-10-
TWIN CITY FEDERAL SAVINGS AND
LOAN ASSOCIATION
This commitment outlined in the foregoing letter and the
conditions pertaining thereto are hereby accepted and the
sum of $18,000.00 is hereby tendered as a partial payment of
the non-refundable, stand-by commitment fee.
J
BY Its"i
ti
Dated: ?4? ? 14,7 11984
•
0
•
•
EXHIBIT A
That part of Government Lot 2 lying East of
Graham Avenue North of-West 66th Street, and
South of West 65th Street as opened,
Section 28, Township 20, Range 24, Hennepin
County, Richfield, Minnesota.
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CL
October 18, 1984
Dick Krier
Derrick Land Company
1650 Shelard Tower -
Mpls., MN 55426
Dear Dick,
I have attached for your information the section of the PUD
ordinance outlining the final development plan requirements.
Final construction drawings are not required as part of the
final development plan approval. You will only-need a final
site plan, final landscaping plan, and a final grading plan.
Final construction must of course be in substantial compliance
with the PUD plan and final development plan. The attached
materials define what is considered to be "substantial
compliance".
Please also note that the ordinance prohibits the issuance of
building permits for any structures before it is certified
that the development depicted in the building permit application
is consistent with the PUD plan, final development plan and
conditions imposed by the council. That means we can not issue
a building permit prior to approval of a final development plan.
We could, I believe, issue demolition permits and grading
permits but no permits for the new structures themselves. I
would therefore encourage you to submit a final development plan
as soon as possible for city approval. The deadline for the
next regular Planning Commission meeting (November 27th) is noon
on November 7th. The first regular council meeting after
November 27th is December 10th.
If you have any questions feel free to give me a call.
Sincerely,
qcfj"?q-z-
Rick Jopke
City Planner
cc: Dennis Kraft
Clayton LeFevere
Bruce Palmborg
Sivert Hendrickson
telephone: 869-7521 (612)
an equal opportunity employer
i
:v L. ZOr??'-??'!e C'.°VS dace' ie^_e -?/?.:? =nc Jlc?^1n 31 =_=3C =^.. 5 repo:_, Ct:e
-= ^5 CO?'_:_ss on. Si:.-L_ C IC a JtL _4C I,ea_:''- JC? :he 3JOi_C=-_J^.
-fie C..,"? a=_er t: e ?171iC ^_C^.^155i^.^ 5<<all Si:D-
'3t ^e
-S :ecc--_ endction :o t,,. e c,-:,,, CC'SnC' _^e c i»=c^. 3T =°CC"? ca*?(i
a?7roval '.eCC=7:O_n.__ .._Sc:)0r0%a7 .
Sl:bd. :. ?i?"T Cou C11 _ Ct7a1 - ?T':) ?1° CilOZ.;; ^ =C-=0n Gy =h°- planning
com_.._ssion _ e C_Coun,._l s:.21_ Ccns'Cer razoning one area desc-abed -.^. C?e
Dian, in accord-2-c= x = .e ?roce-ur s Be:- =or-._ _ t1.1is Par_. a
_h - =n Z_ ap roved,
the area shall be rezcned as one cr _Le live t:T7es of _ prior
t0 =h°_ CJn._ e.n.cement OL any Co!75 _ :C C.. .. Or ?2 _cnQ =nC a=pe:
=ezon_n; _'+-_ aDD:i?dnt shall sL:o ? _ 3i u2`T°_GZ?e C ?'3 i
. ., Co-'s sCen=
the ?,:?I, plan, :og_t'Dr %1... an appi_CZ?iC_^. -O_ a Soec_sl use per••--= =JZ tde
develoomant she'•Tr. i.. suc^ Final 7eve1 went ?la=. special use Der-at, _--
conformance w1::I :ne approved :-1ac_ ]eVeLO?(1Z - ?13n, 15_ 0°_ _SSUed by a
Wo-thirds voce o. the council be for -^e PUD =is__act can be ?evoted to the
uses provided for in such plan.
Slibd. 5. =final Development- ?Ian. A. Final Development Plan shall consist of
t.e following:
(1) If required, a final plat or the land to be developed.
(2) site plan su= lClenC rvr recording the en3i.n°_e_1n? ci•_J1ngs and
cersisting of the following on a drawaing to scale o' net more than 50 feet
to tie inch.:
(a) Thl e adopted ?tiD plan -a 4th. racui_ed no diricatlor_s stipulated by the
city' Council;
(b) A legal description of the ?GD zoning district;
(c) Location and dimension or major natural features and existing
features ?Jhich ;dill ranai.-, on the tract o= land;
(d) Location, dinersicr_, and arrangement cr buildings, streets, drives,
t_uc< loading areas, autor-.obile paring are=as, vehicle entrances and exits,
pedestrian eCCrances and exits, walks,,sk-.".IZvs, plazas and courts, bus turn
outs and bus shelters, ;Mall fences and Plant'i-s des?g-ec to screen the district
__cr. adiacent uses, signs and light1n1g
(e) '.o DCIgr ph,,;
(L) Lands`Caping;
fiC-) Location or uses;
(h) he decl,-_r._-_;.On of Covenants, co_nditiOt.s and restrictions and articles
of o?.,-ners`tip.
(_) Any add_tiCnal in c,=atzor. recuired by the council.
S.._'-d. 7. PU:D ?1 _...- Final Deve'_ tr..ent Plan.
development. oL t,e pLcnnec un:= _cVe_ ^..an_ G'_S___
pe _.. suJst_..____ _`.. __-nce _ --ved 7 ?l_. n.a_ e le lo.=MerC 71
_ cCndOnS _:n 0S d ?; ?;ie counc__. C -?___..ce =.•_-- ?e c_cs_'_erec
subs?_n _'- -
7 C: 77' CD z
(d) more t^a_1 5 per; °-1_ C_Lan_a 4- 7'-= Or -o? 1
5. :ace
tr j
;ress :_eor arz= _: a
:?...1'i _re C_a_.ic .:-1_255 C2r_-,--=-
L_ CCCt0=5 _c _ e rJVis=Ors o= C e ?T-] _..7
cr;j Jt 1.r can-,.;
_ 70s@C DV _'? COL-_L1. DC', a7DrC^a_ -`; t?2 7_3_^_
ci_ect^,?, ' 7E'_^...i: cDD!_C3C-C 3_O^O '2 - -^7= d-2 - = f
required CC: jui1ding- ]e^,,,LCS s:nal! C^-?- i^s72C O_
x`17 _r
s
r-cCe55 =.ng CLL_?_^.? Je_'C::C _n C.,•__o=a-ce -.:i _e 7u'_-C--= -CC
. r _ e5 1
Sind. 3. 30-d :or C .0--a7^e ?- c to .-e iss!=ce :D= 5-oec• - -
?e--
-° o0D__Ca-. SQc?_ 7t0' ?d2 C'e C: tV :v' ' _ 72r=O^a-Co JC"? _ _ _'a_ o r
test ei_ o.-2 °sli'aC2 1'_'c OL `::e proposed =S and _-7''OV?'2'C5
in the area dasi3axed as ? ?1_itP.eC Unit d2'J 1 R art --?Ct CO^diticcled
'
the sans -*acto:-v development of t;18 DT°] 17, '_0007^d c 'Jit tt 2 ?TD ?i 2
'inal Develoor-enc Kan ai.C aZV aC+d_ ._rJR,=.? CO^C._t_;,^s _=:Dos?C
U pan Co^••Dl_t_on 0: t'r,e p1ad unit d?.•elcimeat as _zproved bV t^e Ci pct:-CL1 ,
:aspections by the plar-i^.g director and _-ie: _-spec_.,_ a: c -
' =DD-ova1 oy ta=
city council, =te per er-ar.ce Dord may be -e1e=s 2C
Sind. 9. Criteria and S andards
(1) TeL.d _52 _..=2. - - -
'11t'ad it a 2i1D discriCL all be Bete-~1i-2 o' t_12 ;Cross?la:'Cy_r?a ot':.eer
_:CCL of land, t:?e oroDOsed t-,---)e of lanced unit 2`i21 ^a t district and the
uses assigned to t:1e ?Tj:) district. `? - ,
(2) TI -e 12-14 use iAt2Z51.C rating tOr t-0se arC.25 0. .^2?D CLS :_ iCt
Ccsi?r3ted ear residential uses, of a coMOlra:Loii o: reside-tial and -tonresi-
denti21 uses, shall 72 as ffollot?-s :
GRCSS U, D .RR?, ?R PC-1 ?`'? ?C-? &
SOUAR-7 77-77 =.CnrS A Z?^T•r' 'T l -T\'.
,''3,300-9i,t20 1-2 0 T
J
37,120-130,630 2-3 =-3- 30
130,030-17-,2y0 3-= ;?
17!•,2!'0-2_7,300 ,3 34
217,300-251,360 3-6 50 3_,
over 251,300 .6- 35 JJ
d use .:1=_-s_C' rat.-z LCC _ 1052 ?C2_5 _ _ C 12 Jt `
-- 7, 1l G,)j
-?- =^_ 50_ 7. _ Z' .
1
1
l n?'S J _, J
7? prep ]•..? ?^_? ?
71
7 .1
I
SEP 17 1984
City of Richfield
The Derrick Corrpanies 1650 Shelcrd Tower Minneapolis, MN 55426 • 612,'546-2276
14 September 1984
Mr. Clayton LeFevere
LEFEVERE, LEFLER, KENNEDY, O'BRIEN, & DRAWZ
2000 First Bank Place West
Minneapolis, Minnesota 55402
Subject: Market Plaza Development
Dear Clayton:
The purpose of this letter is to confirm our understanding of how
the over-run would be handled by the Development Team. We would
propose to handle the over-run the following way:
1. We would increase the condominium market value to
$11,466,000. This should give you an additional
bonding.capacity of $287,000.
2,. Assuming the difference is not made up by increased
increment due to under-projections, the difference
between $400,000 and the condominium contribution would
• be made up by the apartment building/ commercial,
shopping center project. This would be done by
providing the City with a second mortgage in the amount
of the difference. The mortgage would be due and
payable when the shopping center and apartment building
are sold. We would not pay any interest on the
remaining amount of money, unless we made additional
profit. So, for example, if we made more than 147
return on investment, we would then pro-rate that above
147 with the HRA as an interest payment.
Of course, this arrangement will have to be formalized, but it
represents a concrete concept of how we feel we can maintain
project feasibilty and also solve the over-run problem
experienced in buying the Godfather and Strom property.
Should you have any questions, please do not hesitate to contact
me.
S' rely,
Richard C. Krier, AICP
Vice President
Derrick Companies
RCK:clb
cc: E. J. Plesko
Mike Gould
John Arkell
Steve Yurick
•
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 406
Agenda November 26, 1984
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: -Council Consideration of a Proposal to F-und a
Promotional Brochure to Highlight the Advantages
of our City and School System
Council Members:-
Is Officials from the School District, the Chamber of Commerce
and the City Manger have met on several occasions to
explore the possibility of a joint venture to prepare an
outstanding promotional brochure that could be used to:
1. Tell Richfield's story to families or individuals
seeking a desirable residential community offering
excellent schools, quality municipal services and
co'nvenient shopping;
2. Promote Richfield to young families;
3. Explain the economic assistant programs available to
small businesses; and,
4. Serve as a promotional brochure that can be used by
realtors, financial institutions, the Chamber of
Commerce, the school district and city government.
Mr. Lowell Larson, School Superintendent, has been exploring
the cost and other considerations of a promotional brochure for
the school district for several months at the request of the
School Board.
The cost estimates for a 16-20 page high quality promotional
brochure will run between $11,000 to $15,000. An initial order
of 10,000 copies would be ordered.
,••? ?- ..w,....riw.: •_.?s...?.¢a.:,::dY'r:i.::?a?.:sta.s:?.la?mrmsG+ib*'.. „.?--: -•. .r ,•,,,? .?.-?_:w,?.s4rJ.•.,:.tn:.c•.I?w:ae 3-.n::.??ro..¢?:a,_vrY,.! ?e"x__..a.,m :?uv?.?at,.wiso?s.u.3+Y?.:" -.a=_'??musi?aai
-2-
At the November 13, 1984 City Council meeting, the City
• Council approved the printing of this brochure, from HRA funds
as recommended by the City Manager.
The HRA considered this matter at their meeting of November
19, 1984. The HRA also unanimously supported the printing of
the brochure and to provide the-funds necessary. However, the
HRA believes the purpose of the brochure serves both the
objectives of the City Council as well as the HRA. Therefore,
the HRA requests the City Council to share in 50% of the cost.
Funds are available in the City Council and the City Manager
revised 1984 budgets to pay for half the cost of printing this
brochure. _
It is recommended that the city council approve the payment
from the General Fund Budget for one-half of the $7,500 cost to
print this brochure.
pe,ct£q-;ly submitted,
John G. Cartwright
City Manager
JGC/eja
?J
U
CITY OF RICHFIELD, MINNESOTA
Office of City Manager J;?7
Council Letter No. 405
Agenda November 26, 1784'
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: Request By Twin City Novelty Company To Appear
Before The City Council Regarding Mechanical
Amusement Device (Video Games) License Fees
Council Members:
During the past year representatives of the mechanical
amusement device industry have been in communication with
the city staff to request the city to reduce the annual license
permit fees for mechanical amusement devices. During the
current year the license fee for such devices is $105 per
machine. The license fee established by the city council for
1985 is $110 per machine.
On March 15, 1984, representatives of the mechanical
amusement industry met with the City Clerk, the Public Safety
Director, the Director of Administrative Services and myself to
discuss this issue. At that meeting, they were informed that
the established fees for mechanical amusement devices (generally
video games), can be justified and that the city staff would not
recommend any decrease in the established license fee.
The city staff position with regard to the fees is based on
the fact that three to four on-site inspections per year are
required to assure that mechanical amusement devices are
properly licensed. Additionally, our experience has shown these
particular amusement activities generate police service requests
based upon the nuisance potential related to these activities.
A representative of the Twin City Novelty Company has asked
for an opportunity to make a presentation to the city council on
behalf of a decrease in the established license fees. This
presentation has been scheduled as a part of the regular council
meeting on November 26, 1984. Tom Morgan, Director of Public
Safety, will be present at that meeting to respond to questions
regarding this license fee structure.
Respectf y mitted,
ohn G. Car Wright
City Manager
•
b Twin
M1f wl+.:
city
Novelty
A Subsidiary of Lieberman Enterprises
9549 PENN AVENUE SOUTH • BLOOMINGTON, MINNESOTA 55431 • 612/887-5353
October 30, 1984
Mr. John Cartwright
City Manager
City of Richfield
6700 Portland Avenue
Richfield, MN 55423
Dear Mr. Cartwright,
I am writing this letter as a request to be slated on your Monday,
November 26, 1984 City Council meeting agenda. On that night you will
be having a public hearing relating to the increased fees of your vending
• machine licenses. Since one of the topics of the evening will be machine
licenses, myself and other businessmen in our industry would like to address
the Council and Richfield staff as to the concern we have regarding the
high coin game machine license fees imposed by the City of Richfield. We
did meet earlier this year and you did respond to our questions, but the
results do not sit well with the members of our industry and this appears
to be a good time and place to discuss these problems and concerns. As
in the past, your cooperation is greatly appp eciated.
/11
Since y Yo s,
Gene Wins-/teeeac
f Twin City Novelty
cc: Norm Pink (850 Decatur Ave. N., Minneapolis 55427)
Scott Nelson (9201 Penn Ave. So., Bloomington 55431)
Robert Latz (4550 IDS Center, Minneapolis 55402)
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