HomeMy Public PortalAbout07/19/05 Special CCM229
MEDINA CITY COUNCIL SPECIAL MEETING MINUTES OF JULY 19, 2005
The City Council of Medina, Minnesota met in special session on July 19, 2005 at 6:08 p.m. at
the Medina City Hall. Mayor Bruce Workman presided.
Members present: Weir, Workman, Cavanaugh, Smith
Members absent: Brinkman
Also present: City Administrator Chad Adams, City Planner Rose Lorsung, Planning
Consultant Sarah Schield, Police Chief Ed Belland, Public Works Director Jim Dillman, City
Engineer Tom Kellogg, City Attorney Ron Batty.
Work Session — Elements of Public Financing for Public Improvements — Ryan Companies
Workman encouraged the Council to make a decision on the level and use of TIF for the Ryan
project as it is affecting staff, as well as Council resources.
Adams provided an overview of the purpose of the meeting and to encourage direction from the
Council on their consensus to use a specified amount of TIF and other terms for the project.
Batty reviewed the memo included in the packet and clarified that the items listed in the memo
involve the primary options available for terms with the developer.
Weir stated that the project is losing momentum. She added she may be open to considering the
15 years for the project.
Cavanaugh discussed the possibility of using assessments, and deferring them until future
development as an option. He added he was more comfortable with the 10 years because it
places more risk on the developer.
Dick Brooks, Ryan Companies stated the difference in costs (funding gap) is $1.2 million.
Callister discussed TIF financing options, the differences between 10 and 15 years at varied
percentages, as well as comparisons with Uptown Hamel.
Discussion was held on the term of the Ryan project (10 or 15 years) and the implications.
Workman requested final comments and added he is willing to go with an additional $500,000
up to 15 years.
Weir stated Ryan must meet part/half of the way, otherwise it is too ambitious of a project.
Cavanaugh restated that a portion of the costs that directly relate to other properties should be
looked at to spread to other properties, is open to look at more years, and desires the inflation
rate change from conservative analysis of 3% to 5% with the developer taking all of the risk.
Medina Special City Council Meeting Minutes
July 19, 2005
230
Discussion was held on the market value history of properties and why they may be higher in
Medina than other communities.
Smith stated that the public service costs should be factored in to the decision and should not be
spent entirely on infrastructure. She added that the south frontage road should not be removed
from the project to save costs.
Brooks stated they will sit down with staff/Mayor and work out.
Adjournment
Smith moved, Weir seconded to adjourn. Unanimous approval. The Special Council meetin
was adjourned at 7:02 p.m.
Brine D. Workman, Mayor
Attest:
(/
Chad M. Adams, City Administrator -Clerk
Medina Special City Council Meeting Minutes
July 19, 2005