06/02/2016 EDAC Packet - Laserfiche WebLink

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CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: May 5, 2016 MEMBERS PRESENT: Nathan Vojtech, Don Johnson, Lou Masonick, Thomas Colgan MEMBERS ABSENT: Chad Wagner, Julie Schwartz, Rebecca Glewwe, Tami Wier OTHERS PRESENT: Michael Grochala, Alex McKenzie APPROVAL OF MINUTES It was moved by Lou Masonick to approve the minutes of January 7, 2016, March 3, 2016 and April 7, 2016. The Motion was seconded by Nathan Vojtech and passed unanimously. PROPOSED WAREHOUSE/DISTRIBUTION FACILITY — 35E CORRIDOR Mr. Grochala and staff have been working with United Properties on construction of a large industrial warehousing/distribution facility along 35E. The applicant is proposing the site be rezoned to Planned Unit Development (PUD) to accommodate storage of semi -trailers on site. The applicant is requesting assistance in the form of Tax Increment Financing. 21s' Avenue, will need to be extended to service the site. The road project is proposed to begin in 2017, with negotiations between the city and developer underway. The proposed groundbreaking of the site is August, but the applicant could still move to another adjacent location in Centerville. UPDATING THE ECONOMIC DEVLEOPMENT BUSINESS SUBSIDY CRITERIA Mr. Grochala explained the City's Business Subsidy Criteria has not been updated since 2003, and is in need to be revised due to changes in state law. Most of the updates are minor word reconsideration such as adding EDA in phrases. Mr. Grochala asked the members opinion on Section 3.02, subset C, that states a requirement of a minimum number of jobs that must be created, to be eligible for the program. A few of the members brought up the point not to discourage small businesses from seeking assistance. Job goals may need to be reviewed on a case by case basis, but a minimum may be required. There will be more discussion in the future and Mr. Grochala will come back with more recommendations. PROJECT UPDATES