De Immigrant Windmill

City Council Public Hearing and Regular City Council Meeting Agenda March 27, 2017

March 27, 2017
5:30 PM

Open Public Hearing

Receive public comment on the proposed 2017/2017 Budget (Budget located at end of packet)

Close Public Hearing

Regular Meeting

1. Call to order

2. Roll call

3. Pledge of allegiance

4. Communication from visitors

5. Unfinished Business

A. Bear Development

Summary: Overview and Letters of Support (pages 1-5)

Action Items:

1. Adjust purchase price in sale contract

2. Establish an amount of contribution of the City and authorize written agreement to establish the amount of contribution of the City and Bear Development to the water main extension required for the Fulton Commons Development

3. Allow under Section 51.051 of City Code a single water meter for a multi-unit dwelling unit to be constructed by Bear Development

4. Accept terms and authorize Mayor and Clerk to sign a Fourth Amendment to the Purchas and Sale Agreement between the City and Fulton Commons, LLC to establish a rental assistance reserve required by the State of Illinois, to be directed by IHDA

5. Consider the means to fund a rental assistance reserve at the closing to be contributed to Fulton Commons, LLC - owner of the development

6. As possible alternatives:

(a) Consider the waiver of a sewer tap fee

(b) Consider as an alternative a waiver of a water tap fee and water meter fees

(c) Consider as an alternative a waiver of a building permit fee

(d) Consider the waiver of other possible fees associated with the project proposed by Bear Development

7. Authorize the Mayor to sign a rental assistance reserve letter required by IHDA

8. Approval of terms of the Utility Easement Agreement between the City and Timken Drives (pages 6-10)

9. Consideration of other possible requirements or agreements to amend the current Sale Contract to allow a rental assistance reserve contributions required by IHDA and other potential requirements of IHDA for the project proposed by Bear Development

6. New Business

7. Reports

A. Alderman

B. Public Works Director Clark

C. Police Chief Rhoades

D. Tourism Director Lehman

8. Closed Session to discuss Sale of Property and Personnel

9. Adjourn