08-26-1985 JointCITY OF RICHFIELD, MINNESOTA
JOINT CITY COUNCIL/H.R.A. MEETING
AUGUST 26, 1985
COUNCIL MEMBERS PRESENT: John Hamilton, Mayor; Howard Bunce;
Ivan Ludeman; and, Donald Priebe.
H.R.A. MEMBERS PRESENT: Thomas Harms; Ivan Ludeman; and,
Vern Luettinger.
STAFF PRESENT: John Cartwright, City Manager;
Steven Devich, Acting City Manager/
Administrative Services Director;
Dennis Kraft, Community Development
Director; Thomas Ferber, City
Clerk; and, Clayton LeFevere, City
Attorney.
The meeting was called to order by Mayor Hamilton at 7:06 p.m.
PLEDGE OF ALLEGIANCE
Item #1 COU CIL AND HRA CONSIDERA I N OF A REQUEST TO AME D THE
DEVELOPER'S AGREEMENT AND RELATED DOCUMENTS WITH MARKET
PLAZA C.L. 309 HRA LETTER 44.
Acting City Manager Devich reviewed Council Letter No. 309,
HRA Letter No. 44 regarding a request by the Market Plaza
Developers to consider several amendments to the Developer's
Agreement, Assessment Agreement, and Agreement to Pay
Deficiencies.
City Attorney LeFevere stated that the Developer had
delivered the amendment documents less than three hours before
the meeting, and did not allow for proper legal review of the
documents. Mr. LeFevere explained the various amendment
documents to the HRA and City Council. He indicated that while
the amendments had been delivered too late for his office to
complete a thorough review, his initial examination revealed
several areas of concern regarding contract language and
omissions. Therefore, he recommended no action be taken at this
time so that further review and refinement of the documents can
be done.
Thomas Harms, HRA Chairman, suggested this item be deferred.
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M/Bunce, S/Ludeman to defer Council consideration of a
re uest amend the Develo er's a reement and related documents
with arket Plaza C.L. 309, HRA Letter 44 to the September 9,
The HRA passed the same motion.
Motion carried 4-0.
Joint City Council/HRA Meeting
-2- August 26, 1985..-
item #2 O SIDERATI N A R QUEST BY T E W ODLAK 0
DEVELOPER TO REDUCE THE $25,000 LETTER OF CREDIT BY
FIFTY PERCENT C.L. 310 HRA LETTER 45
Acting City Manager Devich reviewed Council Letter No. 310,
HRA Letter No. 45 regarding a request by the Woodlake Point
Developer to reduce the $25,000 Letter of Credit by fifty
percent. He stated that the developers agreement provided for
the Letter of Credit reduction once the project is 30~
completed. The project was now at least 30~ completed. Mr.
Devich stated that only HRA action was necessary for this item.
M/Luettinger, S/Ludeman that the Develo er is authorized to
submit a new letter of Credit in the amount o 12 500 for the
Woodlake Point pro.~ect Housing Component A .
Motion carried 3-0.
ADJOURNMENT
M/Bunce, S/Priebe that the meeting adjourn.
Motion carried 4-0.
The HRA passed the same motion.
The City Council/HRA Joint Meeting
Date Approved: ~-Q-f~'~
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T omas Ferber
City Clerk
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