HomeMy WebLinkAbout10 04 1977 CM267
COUNCIL MEETING MINUTES
October 4, 1977
Minutes of the recessed council meeting of September 27 held in the city
municipal building October 4, 1977.
Present: Mayor John O. Cotant, Jr., Councilmen Boyd L. Fullmer, Dwain A.
Kinghorn, Earl L. Romriell, Wayne G. Taylor, Attorney Don Burnett, Engineer
John Alder and Clerk Vera C. Armstrong.
Meeting called to order at 8:00 p.m. by Mayor Cotant.
LOCAL IMPROVEMENT DISTRICT REQUEST - Steve Smart, representing Forsgren, Perkins
and Associates engineering firm presented an agreement which identified
the property to be developed and the parties responsible for such
development. The agreement was with the Parrish Realty, Interstate
Group Inc. and Reliance Investment. Mayor Cotant read the agreement in
full.
Roy Miller, Jr., represented Interstate Group Inc. and Reliance Investment.
Kent Parrish and Rodney Parrish represented Parrish Realty.
Attorney Burnett explained the procedures of creating an L.I.D. and
explained to those present the legal proceedings of the creation and
development of the construction project.
Attorney Burnett reported the following to council; 1) The practical time
element for construction was close for completion this fall; 2) There
could be some costs to the city, interim financing, substantial legal
time, engineering, administration and publication. L.I.D. bonds are
extremely difficult to sell prior to project completion. If city don't
receive favorable interim financing this could be an immediate expense to
city. However, these costs should be entirely reimbursable when bonds
are sold. 3) Uncertainy of the salability of L.I.D. Bonds. L.I.D.
bonds are the least desirable of bonds to be sold. Rate of interest is
higher but sometimes cities do not receive any bids at all on L.I.D.
bonds. A time element of l0 years would probably be a maximum payout
time.
A lengthy discussion followed in regards to time element for construction,
interim financing, financial risk to city, sale of bonds, developers
assurance of providing interim financing, assurance from developers of
purchase of bonds if no bids are received.
Councilman Romriell made motion that Attorney Burnett will take preliminary
steps toward preparation of L.I.D. Ordinance and city engineer concurrently
will work with Forsgren, Perkins & Associates engineering firm for publication
and call of bids, all upon condition that Interstate Group Inc. and
Reliance Investment furnish an acceptable form of letter of credit from
bank guaranteeing availability of funds, either to purchase bonds or
defray interim expenses and upon condition that if the L.I.D. project
is not completed for any legal reason or due to any failure~oCperformance
by any affected land owner that the city's cost to that point will be
reimbursed by Interstate Group Inc. and Reliance Investment. Councilman
Fullmer seconded motion. Roll call vote: Fullmer, yes; Kinghorn, yes;
Kinghorn, yes; Taylor, no.
REZONING REQUEST - Mike Metcalfe, 226 Adams handed a petition to Mayor
Cotant and stated that pursuant to rezoning of the city, Mr. Metcalfe
and the residents along Adams Street and Lucky Avenue would like the
council to take under advisement, a consideration to rezone the area
to Combined Residential (R-2).
Mr. Metcalfe also asked council to declare an immediate moratorium to
prohibit the issuance of building permits in this area until city holds
hearing and rezones along with the adopting of Comprehensive Plan.
Attorney Burnett told Mr. Metcalfe they could submit a petition
requesting a rezoning of their property~ the Planning and Zoning
Commission will then hold a public hearing on their request~ P & Z
will make recommendation and then the council would hold public
hearing prior to the decision and adoption of ordinance.
Mayor Cotant told Mr. Mike Metcalfe, Mr. Tom Nield and Mr. Jerry Parris
that Mr. Nelson had applied for and been issued building permits for
four plexes on an additional three lots as of Monday.
A. discussion followed on the wisdom of a moratorium on the issuance
of multiple unit building permits throughout the city.
Mr. Metcalfe said he would respectfully withdraw their petition since
there is no longer a need for the moratorium and the rezoning if the
four-plex permits have been issued, however, petition was left with
city and attached to these minutes.
Councilman Romriell presented a certificate from the Retired Senior
Volunteer Program which was presented to him for invaluable support in
furthering the efforts of the program from the City of Chubbuck.
269
Councilman Fullmer moved and Councilman Taylor seconded that meeting adjourn,
all council were in favor. Meeting adjourned at 10:30 p.m.
~dohn O. Cotant, Jr., Mayor
Vera C. Armstrong, C~ ~ler~Z
~E TNE UNDERSIGNED RESIDENTS OF LUCKY AND ADANS STRE~ITS
HEREBY PETITION THE CITY OP CRUBBUCK TO CONSIDER OUR
RECONENDATION TO REZONE LUCKY AND ADAI~S STREETS FROM
R-$ TO R-2, THEREBY ELEMINAT~NG THE I~UTURE CONSTRUCTION
OF ~ILTIPLE D~ELLING U~qIT$,(EXCEPT DUPLEX), TO OVERCOME
THE EVENTUAL OVER CONGESTION AND ITS RELATED PROBLEMS,
Tl~EREBY SECURING FOR ALL CONCERNED A REASONABLE ASSURANCE
OF FUTURE EQUITY IN OUR N~ES AND PRePERTY.
NA~E
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