01-13-1986 CC MIN - Laserfiche WebLink

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PAGE3 CITY COUNCIL MINUTES JANUARY 13, 1986 The City Administrator noted that Economic Development was the fourth need to be considered. He indicated that the City has promoted this through the use of IRB's and tax increment financing in the hope of creating a stronger tax base and the goal of creating new jobs, including jobs available to persons of low and moderate income. He further stated the Star Cities program has been pursued which is an indication that the City has addressed economic development. Mr. Mike Auger from the Minnesota Department of Energy and Economic Development was present and noted that the City Administrator adequately addressed these items. Mayor Hinkle opened the public hearing. No one appeared for or against the item. Mayor Hinkle closed the public hearing. COUNCILMEMBER SCHULDT MOVED TO APPROVE RESOLUTION 86-3. A RltJOLUTION or SPONSORSHIP FOR ROMA TOOL AND PLASTICS INCORPORATED LOAN PROGJAM. COUNCILMEMBER ENGSTROM SECONDED THE MOTION. THE MOTION PASSID 4-0. 8. MSA Discretionary fund Terry Maurer, the City's Engineer reviewed the Gates Avenue project and the Main Street Project with the City Council. He noted that for the Gates Avenue Project there were some costs which were never collected or assessed out. He noted the following costs for Gates Avenue were never assessed or collected: UNASSESSED OVERHEAD COSTS UNDER ASSESSED PROJECT COSTS UNACOUNTED FOR WATER COSTS UNACCOUNTED FOR SANITARY SEWER COSTS GARY SANTWIRE LLOYD ANDERSON $ 66,514.00 20,700.00 146.180.00 48.574.00 2,000.00 POTENTIAL PROJECT SURPLUS $ 88.276.00 $195,691.72 PROJECT SHORTFALL The Council discussed the project shortfall and noted t~ey would like staff to look at trying to recover as many costs as possible. Terry Maurer then discussed the East Main Street Improvement Project. He noted that the same problems occurred with this project as with Gates Avenue. He noted the following costs for the East Main Street Project were never collected: