11-24-2014 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL NOVEMBER 24, 2014 DISTRICT 6-1 THANKS TO ROCKY WAITE created, it initially consisted of only 2966 Arcade Street. Access to this parcel went between the Paddock and McCumber properties. The Administrator noted that the developer of 2966 Arcade Street, Masterpiece Homes, agreed to sell the access area and a small strip on the east side of the McCumber property to the McCumbers when the Pinetree Pond development occurred. The transaction was completed last year and the McCumbers would like to combine these properties into one in order to receive one tax statement. Given the access area and small strip are part of the TIF District, they must be decertified from the district in order for the combination to occur. Ramsey County has requested the Council pass a resolution decertifying the parcel from the District. The Administrator noted that removing the parcels from the District does not pose any materials issues for the District as there are no structures on this land. The County has also indicated that given the values of the District are now higher given the Pinetree Pond development, this small parcel can be decertified with no issues for the TIF District. Keis introduced the following resolution and moved its adoption: RESOLUTION NO. 2014-11-220 —APPROVING THE ELIMINATION OF PARCEL NO. 04-29-22-23-0070 FROM TAX INCREMENT FINANCING DISTRICT 6-1 WITHIN THE CITY OF LITTLE CANADA The foregoing resolution was duly seconded by McGraw. Ayes (4). Nays (0). Resolution declared adopted. On behalf of the City Council, McGraw extended thanks to Rocky Waite for his work on the Veterans Memorial project. McGraw indicated that the Memorial is a great addition to the City. Montour noted that work has now begun on phase II for the project. ADJOURN There being no further business, the meetin_ was adjourned at 7:47 p.m. Attest; a Li LArgeah Rick Montgiir, Acting Mayor anson, City Administrator 5