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City Council Minutes 03-28-2022 SpecialMINUTES SPECIAL MEETING MONTICELLO CITY COUNCIL Monday, March 28, 2022 — 5 p.m. Academy Room, Monticello Community Center Present: Jim Davidson, Bill Fair, Charlotte Gabler, Lloyd Hilgart, Sam Murdoff Absent: None Staff: Rachel Leonard, Angela Schumann, Matt Leonard, Sarah Rathlisberger, Tom Pawelk, and Jennifer Schreiber Others: Wayne Elam, Heather Lorch (Capstone), Steven Bona (Capstone), and Ryan Cross (BCI) 1. Call to Order Mayor Lloyd Hilgart called the special meeting to order at 5 p.m. 2. East Bertram Area Development and Public/Private Improvement Discussion & Direction Workshop Angela Schumann, Community Development Director, presented an overview of the area which included the School Boulevard street section design and alignment and property ownership and phasing. Matt Leonard, City Engineer/Public Works Director gave cost estimates of two options for roadway — parkway versus regular residential street and the assessment process. Sarah Rathlisberger, Finance Director, then presented a spreadsheet of project costs and funding. This data showed that there is a gap of needed funding of $895,620. There was some discussion on the reason for the gap. Steve Bona, Capstone, noted that the developer would not be able to cover these costs. Councilmember Fair expressed support for funding the additional cost of the project because of the benefit the City has for extending the road and having a development. Councilmember Gabler questioned the timeline of the project and when the City would need to contribute money. Mr. Bona responded that they would work with the City to cover the gap and are planning for 50% of the construction of the road to be in 2023 and the remaining in 2024. Councilmember Murdoff expressed his opposition to having the City cover the remaining costs. Matt Leonard noted that one funding mechanism could be a 3 -5 -year deferred assessment. The City and developer would have to agree on a cost. Mayor Hilgart questioned the ability to upfront the cost of the road. Sarah Rathlisberger noted that the City's responsibility for the road is $1,756,010, which is eligible for bonding. Matt Leonard added that the City could apply for a RAISE grant but was not certain on how the project would score. Steve Bona commented that Capstone needs direction either way as they are on a timeline on the land purchase. City Council Special Meeting Minutes — March 28, 2022 The City Council discussed paying a portion of the $895,620 shortfall, however, there was definitive amount decided nor a consensus made. Mayor Hilgart noted that the City could possibly fund part of the gap, but no amount was noted. Councilmember Fair noted he would support funding it all. Councilmember Murdoff stated he would support no additional funding and Councilmember Gabler, and Davidson noted they would support half of the gap. Steve Bona commented that the developers would not be able to fund half of the gap. There was no further discussion. 3. Adjournment By consensus, the meeting was adjourned at 6:30 p.m. Recorder: Approved: Jennifer Schreibe Attest: City Council Special Meeting Minutes — March 28, 2022