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HomeMy WebLinkAboutResolution No. 2011-003 RESOLUTION 2011 -3 BEING A RESOLUTION APPROVING THE CONTRACT FOR SEWER AVAILABILITY CHARGE TIME PAYMENT AGREEMENT FOR 4040 CENTRAL AVENUE NE WHEREAS, James Wetch Jr., owner of property at 4040 Central Ave. NE, has made significant renovations to an existing pool hall to convert a portion of the space to a restaurant, and WHEREAS, the owner has received notice from the Metropolitan Council that the sewer availability charges that must be paid for the operation of the facility totals $26,760.00, and WHEREAS, the owner is seeking from the City some form of temporary remedy, and WHEREAS, the City desires for this long standing business to be successful in their expansion, and WHEREAS, the owner has already invested a significant amount of proceeds into the business, and WHEREAS, the City has the ability to pay the entire sewer availability charges up -front with City -wide credits, resulting in no cash outlay, and WHEREAS, the owner of the property will enter into an Agreement, dated January 25, 2011, that will prescribe the process of repaying the City the $26,760.00, with 2% interest, over a two year time frame, and WHEREAS, the time payment is secured through the local improvement process, NOW, THEREFORE, BE IT RESOLVED The City Council authorizes the Mayor and City Manager to sign "Contract For Sewer Availability Charge Time Payment Agreement dated January 25, 2011. Approved this 24 day of January 2011 Motion by: Diehm Seconded by: Schmitt Roll Call: Ayes: Peterson, Nawrocki, Diehm, Schmitt Absent: Williams Mayor Gary Pdt rson Attest: a y Muscovitz, C1V IC City'srk