08-08-07 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL AUGUST 8, 2007 *THE CITYADMINISTRATOR OBTAINASSURANCE THAT THE REMODEL OF THE EXISTING GARAGE INTO LIVING SPACE WILL OCCUR WITHINAN ESTABLISHED TIMEFRAME; *THAT THERE WILL BE NO BUSINESS USE OF THE NEW GARAGE; The foregoing resolution was duly seconded by Keis. Ayes (5). Nays (0). Resolution declared adopted. Mr. Blesener introduced the following resolution and moved its adoption: RESOLUTIONNO. 2007-8-193 -APPROVING THE DEVELOPMENT AGREEMENT BETWEEN THE CITYAND MR. AND MRS. ROY FRENCH AS AMENDED AND AUTHORIZING THE MAYOR AND CITYADMINISTRATOR TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY The foregoing resolution was duly seconded by Montour. Ayes (5). Nays (0). Resolution declared adopted. CREATION The City Administrator reviewed his report dated August 3, 2007 OF TIF relative to the opportunity to create a Tax Increment Financing District DISTRICT 5-1 given the potential expansion of St. Jude Medical on the adjacent Roseville School District property. The district would be a "Renewal and Renovation District". The Administrator suggested that the City could create a scattered site district combining properties in the Viking Drive/Rice Street area with the main project along County Road B-2. This would avoid duplication of costs and create a small pool of money that may prove useful in the Viking Drive area to address issues such as re- alignment of the Arby's/Sally's drive area with the intersection of Viking Drive and Minnesota Avenue. The Administrator noted that the monies generated by the TIF District would be used to accomplish improvements that would be of benefit to the community. Some of the improvements could include bringing utilities into the St. Jude site to avoid the need for a lift station, looping watermain in the Minnesota Avenue area, acquisition of the bakery property and a portion of the Terrace Heights Mobilehome Park property along County Road B-2 to allow for lane expansion and streetscape improvements. The Administrator indicated that the increment generated from the St. Jude expansion would help accomplish these projects. He estimated the present