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06-07-05 WSJune 7, 2005 Page 1 MINUTES CITY COUNCIL WORK SESSION -JUNE 7, 2005 A work session of the Hopkins City Council was called to order by Mayor Gene Maxwell at 6:03 p.m. on June 7, 2005, at the City Hall. Present: Mayor Gene Maxwell, Council Members Rick Brausen, Diane Johnson, and Bruce Rowan. Council Member Jay Thompson was absent. Also in attendance were City Manager Rick Getschow, Planning & Economic Development Director Jim Kerrigan, Housing and Development Coordinator Kersten Elverum, Sid Inman of Ehlers & Associates, Bob Deike of Bradley &Deike, Steve and Charlotte Flanagan of GPS Financial, and Maria Hjelle of Burnet Realty. Block 64 Project: Mr. Kerrigan provided an introduction to the discussion regarding the Block 64 Redevelopment Project. Eminent domain and deposits required appear to be the most significant issues of the draft development agreement. Mr. Deike indicated that the agreement was intended to cover the risk to the City. He discussed the key elements of the draft agreement. Steve Flanagan explained the process that they have proposed regarding the required deposits. Mr. Deike indicated that details have yet to be worked out. Mayor Maxwell asked about the status of environmental work, and Mr. Kerrigan indicated that a Phase II would need to be completed. Mayor Maxwell questioned the relocation deposit, and Mr. Kerrigan indicated that 120 percent of estimated relocation expenses was being recommended as a deposit as exact costs are unknown. Mr. Rowan asked why relocation benefits could not be more exactly calculated. The reasons were discussed. Mr. Flanagan indicated that they are very excited about the project. Charlotte Flanagan talked about the open house and the public relations campaign scheduled for this weekend. Ms. Hjelle explained how reservations would be handled. Mr. Deike requested copies of the purchase agreement forms being used by GPS Financial. • June 7, 2005 Page 2 Mr. Kerrigan explained the procedure to be followed regarding the City approval process, which involves a "super-concept" review. Mr. Kerrigan explained that retail parking was still deficient and needed to be addressed. Mr. Kerrigan discussed the proposed schedule for the development agreement and the establishment of the TIF district. The work session was adjourned at 7:04 p.m. Respectfully submitted, Karsten Elverum t ATTEST: Euge J. xwell, Mayor t COUNCIL MEMBERS: