04-22-2019 Council Minutes - Laserfiche WebLink

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MINUTES OF THE ORONO CITY COUNCIL MEETEING Monday,April 22,2019 7:00 o'clock p.m. Seals noted the City of Medina sent out a notice recently and they listed Orono as the lowest. Hoffman noted GASB Statement No. 75 will be applicable in 2018. The City currently has liability on its books for post-employment benefits, such as health insurance. The regulations have changed in how that liability is being measured. Those liabilities originally were allowed to be phased in over 30 years but that is being eliminated,and due to that change, it is likely that liability amount will increase slightly. GASB Statement No. 87 will be applicable for fiscal year 2020 and relates to how the City accounts for any leases it might have. As a result of this change, leases might end up having to be on the financials as a liability if the term is over a year. Hoffman recommended the City take an inventory of those leases. The City Council took no formal action on this item. PLANNING DEPARTMENT REPORT 15, CONSIDERATION OF SUPPORT FOR GRANT APPLICATION FOR LAKEWEST, LLC—RESOLUTION NO. 6970 Barnhart stated Lakewest,LLC,has submitted a request for City Council authorization of an application for a Tax Base Revitalization grant from the Metropolitan Council to assist in mitigation costs on the site. The applicant is proposing development of a former landfill site known as the Eisinger property. By state statue,the applicant must be a local government. The developer will make the application on the City's behalf. The deadline for the application is twice a year, May 1 and November 1. The attached resolution, if adopted, states the Council authorizes the application by Lakewest and that the City will administer the grant if awarded for a high-density housing project of 20-25 units per acre. The resolution does not state the Council will approve the project reviewed by the Planning Commission in April. Staff supports the application from an environmental impact standpoint since development of the property will require proper mitigation of the landfilled materials. Seals noted this resolution does not approve the proposed project. Johnson asked how much Staff time will go into this. Barnhart indicated he is not sure at this time but that typically cities will administer grants from time to time. It is not anticipated this grant will require a huge amount of staff time. Curt Fretham,Lakewest Development, stated he is here for questions and that he is hoping to get the City's support on the cleanup of the site. Walsh stated the application seems pretty straight forward. Johnson moved,Crosby seconded,to adopt RESOLUTION NO. 6970,a Resolution Authorizing Application for the Tax Base Revitalization Account. VOTE: Ayes 4,Nays 0. Page 4 of 5