City Council Minutes 2013 08 20 - Laserfiche WebLink

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City Council Meeting Minutes August 20, 2013 Page 14 of 23 Mayor Muckle requested a City Attorney introduction. City Attorney Light read Resolution No. 44, Series 2013 and Ordinance No. 1639, Series 2013. Mayor Muckle requested a staff presentation. Economic Development Director DeJong provided a brief history of the Grain Elevator, located on the east side of Front Street and south of Pine Street. • Summer 2010 — Decker family listed the property for sale • January 2012 — Decker family applied for Demolition permit • April 2012 — City released RFP seeking partner to save grain elevator • August 2012 - Amterre Property Group agreement approved by Council — (referendum threatened, Amterre decided not to proceed — City took over the purchase agreement for the property) • October 2012 — Public meeting held to seek citizen input • November 2012 — Second RFP for partners released • April 2013 — City Council approved negotiations with Olde Town Group, LLC • June 10, 2013 — Caranci /Hartronft (Louisville Mill Site) submitted purchase offer for grain elevator • July 2, 2013 — Council provided strategy to staff to negotiate an Agreement with Caranci /Hartronft Grain Elevator Sale Agreement: Main Points: • Purchaser will pay $200,000 for grain elevator • Purchaser will submit a PUD and Plat for the Property and Caranci property • Closing will not occur until PUD approved • The Property and Caranci's property will be subdivided • Purchaser will complete a Scope of Work to stabilize the Grain Elevator (based on Phase 1 of the Anderson Hailas Historic Structure Assessment) • City will contribute $500,000 to the Scope of Work ($500K reduced dollar for dollar if City receives more than $132,752 from grants) • Purchaser will have access to the Property for the Scope of Work prior to closing • Grain Elevator Parcel (Lot 2) will be landmarked • Conservation Easement will be placed on Grain Elevator • City will keep Lot 3 until Scope of Work is complete • No build provisions placed on Outlot A • Public land dedication for Property and Caranci's property will be waived • 50% rebate of application fees, permit fees and construction use taxes on improvements to the Property and Caranci's Property through March 31, 2016