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Home My WebLink About01-34 RESOLUTION 01-34 A RESOLUTION APPROVING IN CONCEPT THE USE OF CASH CONTRIBUTIONS TO FUND AN ASSISTED LIVING PROJECT MOTION BY: PETERSEN SECOND BY: GUNDLACH RECITALS WHEREAS, the City has been approached by Messrs. Larry Johnson and Mike Lewis dba Crystal Care LLC (collectively "Developer") with a project to construct an assisted living facility with 40 units of assisted living and 20 units of memory care (hereinafter "Project"); and WHEREAS, the aforementioned Project is known as CRYSTAL CARE; and WHEREAS, the Developer maintains that the Project is not economically viable without the assistance of public financing; and WHEREAS, to encourage and facilitate the development of housing to meet the life-cycle needs of the residents of the City consistent with the objectives of the City's Comprehensive Plan, the City is willing to work with responsible developers on qualifying projects; and WHEREAS, the Developer agrees to bear all risks associated with legislative changes or resulting from statutory requirements which the Developer is unable to meet; and WHEREAS, both the City and Developer understand that both time and costs are associated with the preparation and evaluation of plans and related documents necessary to develop and analyze the proposed Project and determine whether the Project meets the City Economic Development Incentives Goal Targets Policy; and WHEREAS, both the City and Developer wish to avoid the unnecessary expenditure of time and money on projects that are not of interest to the City. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA THAT: 1. The Recitals set forth above are incorporated herein as if fully set forth. 2. The Developer is encouraged to submit to the City an application for Economic Development Incentives for the Project referred to as Crystal Care. Along with the application, the Developer will deposit with the City the amount of Twelve Thousand Dollars ($12,000) which monies shall be used by the City solely to pay for legal, financial and staff costs associated with the analysis, review and facilitation of the Project. 162(~:F~9~Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER 3. The Developer will design the Project to be compatible with all applicable zoning, subdivision and other land use regulations of the City and other governmental entities having jurisdiction. 4. The Developer will provide the City with a plan for financing the Project that includes a maximum cash contribution by the City of no more than Two Hundred Thousand Dollars ($200,000). 5. The Developer must demonstrate to the City that it has the capacity to successfully complete the Project and that the City's financial assistance is necessary for the proposed Project to occur. 6. All determinations regarding the suitability of the site for the proposed Project are the sole responsibility of the Developer to determine for itself. The City makes no representations or warranties that the site under consideration by the Developer is suitable or will sustain the proposed Project. 7. The City will analyze the documents, plans, materials and data supplied by the Developer (the "Application") and determine if the Project qualifies for the contribution by the City. 8. If the Project meets all the criteria discussed herein the City will negotiate an Economic Development Incentives Financing Agreement with the Developer. The City Council will act reasonably in determining whether the Project meets applicable criteria, including but not limited to financing, statutory requirements, City policy and zoning requirements. 9. Notwithstanding Paragraphs 1 through 8 above, nothing in this Resolution is intended to bind the City Council to provide the Developer with a cash contribution. This Resolution is intended to demonstrate the City's interest in moving forward with the Developer. Passed this 2nd day of April, 2001. YES NO Mader X Mader Ericson Absent Ericson Gundlach X Gundlach Petersen X Petersen Zieska X Zieska ~ Frank I~o~ Ma~-ager R:\RESOLUTI\PLANRES~2001\01-34.docR:\RESOLUTI\PLANRES~001\01-34.doc: