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MINUTES OF THE <br /> ORONO CITY COUNCIL WORK SESSION <br /> Monday,June 26,2017 <br /> 5:00 p.m. <br /> PRESENT: Mayor Dennis Walsh,Council Members Richard Crosby II,Wendy Dankey,Aaron Printup. <br /> Representing Staff were Interim City Administrator poug Reeder,Public Works Director/City Engineer, <br /> Adam Edwards,and Jeremy Barnhart,Community Development Director. <br /> Mayor Walsh called the work session to order at 5:00 p.m. <br /> 1. Orono Woods Contract <br /> Interim City Administrator poug Reeder explained the Orono Woods Apartment Development <br /> Agreement and history. Reeder also mentioned the land lease was for 99 years and is only for the <br /> ground beneath;when the TIF district goes away the affordability and covenants could go away as <br /> well. <br /> There was discussion regarding the new proposal to eliminate the lease and extending the Tax <br /> Increment Financing(TIF)from 2024 to 2042. Even though the Ground Lease would be terminated, <br /> the current covenants and restrictions that were previously contained in the lease would remain until <br /> 2042. <br /> Caitlin Goff,Lang-Nelson Associated Inc.noted that if the City released the land,Orono Woods will <br /> remain as senior housing. The current ground lease does not allow the buyer to get the financing <br /> needed to purchase the property. <br /> Mayor Walsh stated he would like the affordability for residents to remain throughout the extension <br /> unti12042,and would also like to make sure legal and processing fees were still anticipated to be <br /> covered as well. <br /> The Orono Woods Representatives assured the Council that the seller has already deposited a good <br /> faith agreement of$5,000 towards the processing fees. <br /> Council Member Crosby noted he understands that it is important to the community and Orono <br /> residents and that it makes sense to proceed. <br /> Mayor Walsh stated he would like some amendments made to the contract to include the affordability <br /> piece and would like it to be brought back to council for final discussion and approval. <br /> 2. City Council Human Resources <br /> • Reeder mentioned the Finance Director had been on leave since the beginning of May and is <br /> not expected to return before mid-July. Reeder asked if the City should wait for the Finance <br /> Director's return or hire a consultant,Abdo,Eick, and Meyers CPA's(AEMCPA)to help <br /> coach the Assistant Finance Director prepare needed documents for the City temporarily. <br />