09/11/1979 - City Council Special
00227
MINUTES OF A SPECIAL MEETING OF THE EAGAN CITY COUNCIL
EAGAN, MINNESOTA
SEPTEMBER 11, 1979
A special meeting of the Eagan City Council was held on September
11, 1979, at 6:45 p.m. at the Eagan City Hall. Those present were:
Mayor Murphy, Councilmembers Egan, Smith, Wachter and Parranto. Also
present were City Administrator Hedges and City Attorney Paul Hauge.
NU-WAY BUILDERS VS. WILMUS PROPERTIES AND CITY OF EAGAN
City Attorney Paul Hauge discussed with the Council the action
being brought by Nu-Way Builders against E. H. Wilmus Properties
and the City of Eagan scheduled for hearing in the Dakota County
District Court on September 12, 1979. It was noted that all Councilmen
have been or will be subpoened and, in addition, a number of the
staff members have been subpoened for appearance at that hearing.
There was discussion concerning the merits of that case and it
was explained that the Midland Insurance Company attorney has
written a letter indicating that Midland Insurance may not pay a
judgment for the City in the event that a judgment is entered against
the City of Eagan. No further action was taken and the City Attorney
was directed to pursue the matter on behalf of the City.
MEADOWLANDS FIRST ADDITION - EAGAN HILLS WEST PARK LAND
Mr. Hedges and Mr. Hauge both discussed with the Council a new
proposal from Dunn and Curry Real Estate Management, Inc., for
purposes of acquiring additional building permits for Meadowlands
First Addition through August 1, 1980, or the grant of the maximum
of 80 permits under certain conditions. It was noted that the title
to the park land adjacent to Meadowlands had not been cleared because
of the delinquent real estate taxes and assessments. Several
alternatives were discussed short of the developers paying the
entire delinquent taxes in which they indicated that they would be
unable to do. After considerable discussion, Smith moved and Egan
seconded the motion to require that the developers and owners of
Meadowlands First Addition pay 150% of $125 of each additional building
permit granted in Meadowlands First Addition and, in addition, the
$240 per unit park dedication fee which sums will be held in escrow
by the City of Eagan, Dunn and Curry Real Estate Management, Inc.,
and the fee owners until one of the following events shall take place:
1. Dedication of the park land to the City free and clear of
any encumbrances;
2. The grant of a total of 80 single family building permits
in Meadowlands First Addition; or
3. August 1, 1980.
All members voted in favor.
OGZ2F3
CITY COUNCIL MINUTES
SEPTEMBER 11, 1979
PAGE TWO
TAX EXEMPT MORTGAGE FINANCING
The City Administrator, Tom Hedges, introduced Richard Lincoln
of Miller and Schroeder, the Eagan fiscal consultants, and discussed
with the Council certain guidelines for proposed issuance of tax
exempt mortgage financing bonds by the City of Eagan. Mr. Lincoln
reviewed a document entitled, "City of Eagan, Dakota County, Minnesota,
Program for the Issuance of Residential Mortgage Revenue Bonds".
There were several aspects of the program reviewed such as definitions,
program for acquisition of mortgage loans, standards and requirements
relating to the mortgage loans, pursuance of the program and restrictions
relating to the acquisition of mortgage loans. After discussion on
the matter, City Councilmember Parranto suggested that a section
of the proposal be revised to read, "For the first nine months of
the program, no more than 20% of the funds can be used to finance
townhouses and 20% for condiminiums." It was the consensus of the
Mayor and City Council that the program be revised by Miller & Schroeder
Municipals, Inc., per their direction and that the City Administrator
place the matter on the City Council agenda for the September 18,
1979 meeting.
DATED: September 11, 1979 PHH
TLH
'CITY CLERK