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dc-1 0% Little Can <br />ao,d <br /><.� <br />COMMUNITY PRIDE <br />1953 -- 2003 <br />515 Little Canada Road, Little Canada, MN 55117=1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />wwwci.Gttic- canada.mn.us <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: May 23, 2003 <br />RE: Resolution Calling for Hearing to Create TIF District <br />Former Knox Property <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Jim LaValle <br />Matt Anderson <br />Rick Montour <br />Bill Blessener <br />ADMINISTRATOR <br />Joel R. Hanson <br />Attached is a resolution prepared by Ehlers & Associates calling for a public hearing to be held on <br />July 9, 2003 that will enable us to establish a TIF District on the former Knox site. It is likely we will <br />create a "Renewal and Renovation" District pursuant to Minnesota Statutes. A TIF Plan detailing the <br />specifics will be presented at a later date. <br />Also attached is a letter from Frank Dunbar, representative for District Council #82, whereby he is <br />agreeing to deposit $5,000 to cover our costs in the creation of this district. District Council #82 is <br />proposing to develop a 41,000 square foot office /warehouse building on a portion of the property <br />owned by Carl Johnson. Development plans for this project as well as finalization of the <br />development agreement with Carl Johnson will be presented during the June planning cycle. <br />Should the District Council #82 project go forward, the costs associated with the creation of the TIF <br />District will be reimbursable from TIF proceeds. Should the project not proceed, the $5,000 deposit <br />is non - refundable. District Council #82 is looking for TIF assistance in the area of soil corrections. <br />We do not know the implications of this request as of yet. <br />1 <br />