10-22-2001 Council Minutes - Laserfiche WebLink

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MINUTES OF THE ORONO CITY COUNCIL MEETING Monday, October 22, 2001 7:00 o'clock p.m. • ( #2640/41 Dunbar Development, Continued) Gaffron stated the documents before the Council include the resolution for preliminary plat approval; a resolution approving the general development plan and final plat; the PUD 2A agreement for the office building; the PUD 2B agreement for the senior housing facility; the rezoning ordinance; and the development agreement relating to Orono Woods Apartments. Gaffron noted Steve Rosholt, Attorney -at -Law, is present at tonight's meeting in order to answer any questions relating to the development agreement. Flint inquired if the bonds are not sold, how the City would protect itself and go back to status quo. Rosholt stated the answer to Flint's question is two -fold, with the first part relating to approval of all the zoning issues. Rosholt stated the Council could elect to make those approvals subject to the successful sale of the bonds. The second issue before the Council relates to approval of the TIF District, which could also be made subject to the successful sale of the bonds. Flint stated he would like the City to return to status quo if there is not a successful sale of the bonds. Flint commented the developer would be required to come back to the City if he elects to use a different form of financing on this project. Flint inquired if the City approves the rezoning, whether that would be a problem if the project does not go forward. Rosholt stated the City could make it subject to the developer obtaining successful financing of the • project within a certain period of time. Tom Barrett, City Attorney, stated the City has the ability to rezone the property should the project not be completed. Flint inquired what document covers the management of the units. Rosholt stated that would be covered in the ground lease agreement. Gaffron stated the Orono preference would be covered in Section 4.4, non - discrimination restrictions on use. White moved, Sansevere seconded, to approve and adopt RESOLUTION NO. 4703, a Resolution Approving the Preliminary Plat for Property Located at 2060 Wayzata Boulevard. VOTE: Ayes 4, Nays 0. White moved, Nygard seconded, to approve and adopt RESOLUTION NO. 4704, a Resolution Granting General Develoment Plan Approval for Planned Unit Development No. 2 for Orono Ambar, L.L.C., and Approving the Plat of Orono Ambar. VOTE: Ayes 4, Nays 0. • PAGE 14