2013-5-13 Agenda (Northland Securities)NORTHLAND SECURITIES
` AGENDA
t City of Albertville
Engel Haus Elderly Housing Project (Guardian Angels)
May 13, 2013, 9:30AM
A. Background
• Guardian Angels is proposing to construct a 59-61 unit elderly housing project in Albertville
at the corner of Kassel Avenue and County Road 18. The applicant wishes to have all
development permit approvals and Tax Increment Financing plans and agreements
completed by August 2013.
B. Fees and Escrow
• Discuss and complete preliminary estimate of fees and escrows (see attached Table A)
C. Schedule of Items and Timeline
• Discuss and complete preliminary schedule of items and timeline (see attached Table B)
D. Other Items to Discuss
E. Next Steps / Next Meeting Date
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NORTHLANDSECURITIES
TABLE A
Estimated Fee and Escrow for City of Albertville - Engel Haus Elderly Housing
This schedule will be reviewed and updated at the meeting. This is not a comprehensive list at
this time, items may be missing and amounts are missing.
ITEMS
FEE
ESCROW
Minor Subdivision
$400
$1,500
PUD Rezoning
$400
$5,000
Preliminary and Final Plat
$450
$5,000
Park Dedication ($3,300/unit)
$198,000
$0
SAC
WAC
Water connection
Administrative Fee (3.5% of the cost of all municipal improvements
installed in or on the plat per title)
Conduit bonds administrative fee (0.25% of par amount of bonds for
use of ci 's bonding authority)
TIF Assistance Request / Application Review (Escrow)
Northland Securities, Inc. 45 South 7th Street, Suite 2000, Minneapolis, MN 55402 Toll Free 1-200-851-2920 Main 612-851-5900
www.northlandsecurities.com
Member FINRA and SIPC
NORTHLAND SECURITIES
TABLE B
Estimated Timeline for Approvals
This schedule will be reviewed and updated at the May 13 Meeting. The dates and items
shown below are preliminary for discussion purposes only. The list of items is not complete
and dates may need to be modified.
DATE
ITEM
COMPLETED
BY
1.
Developer submits TIF application - development pro forma, operating
17-May
pro forma, request for financial assistance
2.
Developer submits for minor subdivision
17-May
3.
City administrator to approve minor subdivision
24-May
4.
County establishes new PIDs for parcels
7-Jun ??
5.
Developer submits for PUD rezoning
11-Jun
6.
Developer submits for preliminary and final plat
11-Jun
7.
City submits TIF District - Notification to County Commissioner (30 days
18-Jun
prior to publication of public hearing notice)
8.
City submits TIF District - Notification and draft TIF Plan to County and
3-Jul
School District (30 days prior to public hearing) - date to be set early due to
July 41" Holiday
9.
Planning Commission Meeting
9-Jul
a. Rezoning - PUD
b. Preliminary and final plat
10.
City Council Meeting
5-Aug
a. Rezoning - PUD
b. Preliminary and final plat
c. Development Agreement
d. TIF District
e. Development Assistance Agreement
Northland Securities, Inc. 45 South 7th Street, Suite 2000, Minneapolis, MN 55402 Toll Free 1-200-851-2920 Main 612-851-5900
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Member FE\ RA and SIPC