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City Council Minutes April 4, 2016 Page 11 settlement and a letter from him outlining the details of this case to the Council. He indicated the matter was scheduled for trial on the following day. In anticipation of trial, Mr. Scott stated he met with it the Council and as a result of those closed meeting discussions, he was directed to initiate settlement discussions with the Krause's, the result of which was before them this evening. He indicated the proposed stipulation of settlement outlines the city paying $1,550,000 to the Krause's, paying off the contract for deed and conveying the warranty deed, and the dismissal of the lawsuit. He indicated this would place the city in the same position as they were in when the lawsuit was filed in 2013, and if the case were to go to trial, the city would face a potential judgment in an amount between $1.2 million and $1.5 million. This would include the possibility of the contract for deed being cancelled and the property being returned to the Krause's. Mr. Scott indicated a Minnesota Court of Appeals could throw the judgment out but the city would still lose the money. He recommended the Council approve the settlement. Moved by Councihnember Westgaard and seconded by Councilmember Wagner to approve the Pinewood Golf Course stipulation settlement as presented in the handouts. Motion carried 5-0. Mayor Dietz stated the city was currently in litigation in a separate but related matter and the city is anticipating receiving a settlement from that litigation. He stated the council has not had discussions with regard to the future of the Pinewood property. 10. Council Liaison Updates The Council provided updates of the work of the various boards/commissions. The council adjourned to work session at 8:35 p.m. and the meeting reopened at 8:40 p.m. 9.1 Dock at Rivers Edge Commons Park Mt. Portner presented the staff report. Annie Deckert representing the Decklan Group, and Fred McCoy representing McCoy's Pub, presented a PowerPoint proposing a portable floating dock manufactured by MINNCOR placed on the Mississippi River in conjunction with the improvements this fall to the Rivers Edge Commons Park. He indicated they would like to have the city install a 6' square pedestal that would go over the river, and some aluminum steps that would go down to the dock. He suggested the approximately cost of $25,000 for the dock be split between private fundraising and the city. He indicated both Chris Carlson of Sportech, the Decklan Group, and the Downtown River's Edge Business Association favors the idea, as well as the DNR Hydrologist Roger Stradal, who visited the area and identified the site as ideal for a dock and supported the increased access opportunities to the river. p01EIEI I1 NATURE