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<br />. <br /> <br />. <br /> <br />. <br /> <br />City Council Minutes <br />May 16, 2005 <br /> <br />Page 11 <br /> <br />AGREEMENT WITH METROPLAINS DEVELOPMENT, LLC. SUBJECT TO <br />THE FOLLOWING CONDITIONS: <br /> <br />1. AS A CONDITION TO CLOSING ON THE JACKSON BLOCK <br />PROPERTY, METRO PLAINS DEPOSIT $500,000 WITH THE CITY OF <br />ELK RIVER FOR THE ACQUISITION COST OF THE JACKSON <br />BLOCK PROPERTY TO BE RELEASED WHEN THE CLOSING OF <br />THE CONSTRUCTION FINANCING FOR BLUFF BLOCK PROJECT <br />OCCURS. <br /> <br />2. IF CONSTRUCTION OF THE BLUFF BLOCK PROJECT DOES NOT <br />COMMENCE BY DECEMBER 31,2005, METRO PLAINS WILL NOT <br />RECEIVE ANY TAX INCREMENT FINANCING ASSISTANCE WITH <br />RESPECT TO EITHER THE BLUFF BLOCK PROJECT OR THE <br />JACKSON BLOCK PROJECT PROVIDED THAT IF UNFORESEEN <br />CIRCUMSTANCES ARISE, THEN AT CITY COUNCIL DISCRETION <br />THE PERIOD DATE CAN BE EXTENDED TO NO LATER THAN <br />APRIL 30, 2006. <br /> <br />MOTION CARRIED 4-1. Councilmember Farber opposed. <br /> <br />Councilmember Farber stated he has never been in support of the Jackson Place project. <br /> <br />MOVED BY COUNCILMEMBER MOTIN AND SECONDED BY <br />COUNCILMEMBER GUMPHREY TO AWARD SCHEDULE 1.0 OF THE KING <br />AVENUE PARKING LOT BIDS. MOTION CARRIED 4-1. Councilmember Farber <br />opposed. <br /> <br />c. <br /> <br />Consider Approval of Construction Plans for Conformance with Development Agreement- <br />MettoPlains Development. liC <br /> <br />Director of Economic Development Catherine Mehelich submitted the staff report. Ms. <br />Mehelich stated MettoPlains is requesting approval of the construction plans for both the <br />Bluff and Jackson projects as required in the development agreement. She stated the <br />Planning Department included a list of concerns in their staff report. <br /> <br />Vem Hanson, ofMettoPlains Development-Stated the design of the buildings meet the <br />intent of Elk River's design standards for downtown. <br /> <br />Michele Mongeon, of JLG Architects-Gave a presentation of the design for the Bluff and <br />Jackson project. <br /> <br />Mayor Klinzing stated both projects are a good design. <br /> <br />MOVED BY COUNCILMEMBER GUMPHREY AND SECONDED BY <br />COUNCILMEMBER MOTIN TO APPROVE THE CONSTRUCTION PLANS <br />FOR JACKSON PLACE AND THE BLUFFS OF ELK RIVER. MOTION <br />CARRIED 4-1. Councilmember Farber opposed. <br />