04-03-06 WSCITY OF OTSEGO
CITY COUNCIL WORKSHOP
April 3, 2006
Roll Call: Otsego City Council: Mayor Larry Fournier,
Councilmembers Dan Scharber, Mark Thorsted, Jessica Stockamp,
and Vern Heidner.
City Staff: City Administrator Michael Robertson, City Clerk
Judy Hudson, City Planner Dan Licht, City Attorney Andy
MacArthur, City Engineer Ron Wagner, and Assistant City
Engineer Joe Pelawa.
Tom Brown and Dave Taus of Appello and their attorney were
present.
Mayor Fournier called the workshop to order at 5:00 p.m.
Great River Centre Development Agreement - City Administrator
Robertson, City Attorney MacArthur, and City Engineer Wagner
reviewed the issues in the developer's agreement. Among the
issues discussed were; Ryan's request for guaranteed
completion, potential assessments, allocation and term of the
assessments, AUAR costs, 85th Street assessments, and the
Security Letter of Credit.
Wagner and Assistant Engineer Pelawa reviewed the options for
the assessment of the proposed Parrish Avenue improvement.
Council were in consensus on the following items; Appello
would be assessed 50% of all improvement costs, the term of
the assessment would be 20 years, the interest rate will be
one percent above the bond rate, the 85th Street assessment
will be unchanged but can be added to the overall assessment,
the City will give a credit for that portion of the AUAR
outside of the GRC plat, the Letter of Credit will be for the
entire development minus Target, one Letter of Credit can be
used for all items Apello must guarantee.
With no other business, Mayor Fournier adjourned the meeting
at 6:27 p.m.
Michael Robertson
City Administrator