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1985 04 18Minutes Chanhassen Housing and Redevelopment Authority Regular Meet ing April 18, 1985 Call to Order Vice-Chairman Horn called the meeting to order at 7:45 p.m. Present were Commissioners Horn, Robbins and Bohn. Chairman Whitehill and Commissioner Swenson were absent. Also present were City Manager Ashworth and City Planner Dacy. ApDroval of Minutes Bohn moved, seconded by Robbins to approve the minutes of the April 4, 1985 meeting. All voted in favor and the motion carried. Robbins moved, seconded by Bohn to approve the minutes of the March 21, 1985 meeting. All voted in favor and the motion cart led. Tax Increment Financing Plan Ashworth presented the Tax Increment Financing Plan and the effects of the incentive program on the tax increment district. The City Manager was directed by the HRA to update the plan as needed and analyze the effects of the request by Opus Corporation (discussed next on the agenda). The HRA members felt that a negative cash situation in the district was not prudent. The BRA accepted the Tax Increment Financing Plan as presented. Special Assessment Reduction Program - Discussion of Opus Proposal Dacy presented the Opus request to the BRA. Opus Corporation has determined that lots in the northwest section of the business park cannot be utilized as originally platted due to very poor soil conditions. Opus is requesting that the Special Assessment Reduction percentage be increased to somewhere in the 10 to 12% range. Staff recommended a two tier schedule be established wherein the percent would remain at the 7% level if total assessments for a property were less than $30,000 per-acre and would be 10 to 12% if the assessments exceeded $30,000 per acre. Bob Worthington from Opus Corporation stated that the soil correction process is labor intensive and very expensive to complete. He stated that the soil composition in these lots were such that they could not support a building over time. In replatting the lots, Worthington stated that additional street and utility improvements would have to be made. Robbins moved, seconded by Bohn to approve the general concept of the proposal but directed staff to update the tax increment financing plan and work out the details of this proposal and its impact on the tax increment plan. All voted in favor and the motion carried. Chanhassen HRA Minutes April 18, 1985 Page 2 New Business Robbins moved, seconded by Bohn to direct the city manager to obtain an insurance policy before closing o~ the sale of the Instant Web building to Dorek and Baden. All voted in favor and the motion carried. Ashworth requested authorization to expend $3,600 to remove tax liability on Bloomberg's parcels. This is necessary for the filing of the plat. Mr. Bloomberg will reimburse the city. Bohn moved, seconded by Robbins, to approve the expenditure of $3,600. All voted in favor and the motion carried. Approval of Bills Robbins moved, seconded by Bohn to approve the bills as pre- sented. All voted in favor and the motion carried. Robbins moved, seconded by Bohn to adjourn the meeting at 9:15 p.m. All voted in favor and the motion carried.