HomeMy WebLinkAbout04-23-2007 500 CMWMINUTES
CITY COUNCIL/MANAGER WORKSHOP
Monday, April 23, 2007
Council Chambers, City Hall
5:00 p.m.
A. CALL TO ORDER
Mayor Longrie called the meeting to order at 5:28 p.m.
B. ROLL CALL
Diana Longrie, Mayor Present
Rebecca Cave Councilmember Present
Erik Hjelle, Councilmember Present
Kathleen Juenemann, Councilmember Present
WII Rossbach, Councilmember Present
C. APPROVAL OF AGENDA
Mayor Longrie moved approval of the agenda as presented.
Seconded by Councilmember Hjelle Ayes-all
D. NEW BUSINESS
TIF Application for Dabar Co.
a. Public Works Director Ahl spoke briefly and introduced representatives involved
with this issue.
b. Mikaela Huot, Assistant Vice President at Springsted, Inc. gave a presentation on
the proposed T.I.F. financing for this project. Ms. Huot said that under the 'but-for'
analysis they were not able to conclude with certainty based solely on the internal
rate of return that the project meets the 'but-for' test.
c. Denny O'Donnell Vice President of Walker Eldercare Services spoke regarding
the management of the facility for the owner. Mr. O'Donnell said Walker Eldercare
Services has not yet entered into a purchase agreement or partnership agreement
with Dabar. Inc.
d. Tom Denaway of Springsted, Inc. spoke regarding land acquisition costs.
e. Mary Ippel of Briggs & Morgan, spoke regarding tax increment financing.
f. Link Wilson, 308 18`h Street East, Minneapolis, of Kaas Wilson Architects, gave a
presentation and introduced Rick Fenske of Weiss Builders and Denny O'Donnell
and Greg Oppegard of Walker Eldercare Services.
g. Ed Tschida of Advanced Resources of Mankato, spoke regarding utilizing tax
increment financing and stated that Dabar owns the property and that the closing
was on Friday.
E. ADJOURNMENT
Mayor Longrie adjourned the meeting at 7:08 p.m.
April 23, 2007 Council/Manager Workshop