04/24/1995 Council Packet - Laserfiche WebLink

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COUNCIL MEETING APRIL 10, 1995 Mayor Reinert noted the cooperation between the Police Department, the Centennial Fire District, police departments of other cities and City staff and said the cooperation is a very positive step taken by the Chief. He also noted the Police Department outreach into the community and expressed his gratitude. Mayor Reinert felt the Police Department is expressing a very positive attitude. The City Council thanked Chief Pecchia for his report. ECONOMIC DEVELOPMENT AUTHORITY ADVISORY BOARD REPORT, BRIAN WESSEL FIRST READING, Ordinance No. 06 - 95, Authorizing the Sale by the City of Lino Lakes, Lot 2 and a Portion of Lot 3, Block 1, Apollo Business Park - Mr. Wessel explained that Nol-Tec Systems, Inc. is a Forest Lake business that is purchasing three (3) acres of land in the City owned portion of the Apollo Business Park for its engineering and assembly facility. The ctf►pany designs, assembles and distributes conveying systems. Mr. Wessel used the overhead projector and showed the City Council where Nol-Tec Systems plans to build. He noted that according to the City Charter, Chapter XII, Section 12.05, an ordinance is required to authorize the sale of real property owned by the City. Mr. Wessel read a portion of the proposed ordinance which would allow the sale of the property to Nol-Tec Systems, Inc. at $39,000.00 per acre. Council Member Elliott moved to adopt the FIRST READING of Ordinance No. 06 - 95 and dispense with the reading. Council Member Kuether seconded the motion. Motion carried unanimously. Consideration of Resolution No. 95 - 46 Calling a Public Hearing on the Establishment of Tax Increment Financing (TIF) District No. 1-7 for 6:30 P.M., May 22, 1995 - Mr. Wessel explained that the Economic Development Authority has authorized preparation of a Tax Increment Financing Plan to establish Tax Increment Financing District 1-7 in the Apollo Business Park. This TIF district is to provide public assistance to Nol-Tec Systems, Inc. The remainder of the unsold parcels in the Apollo Business Park are included in TIF District 1-7 to allow the City to capture the low Economic Adjustment Factor currently on the City -owned parcels. That factor is expected to rise significantly in 1996 as the value of the land increases. The public hearing is scheduled for May 22, 1995. Mr. Wessel read portions of Resolution NO. 95 - 46. PAGE 13