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4 <br />Mr. Milbauer stated he is not against competition, but he is paying taxes and his <br />assessments, and he paid a good price for the land. Mr. Wessel said the Ryan <br />development is also paying a good price for the land, and special assessments, but that is <br />why he asked them to take the Ryan portion of the subsidy off the table. Mr. Chase said <br />while some may be opposed to subsidy for competing business, it might have to be done <br />to make the other deal happen. Ms. Carlson said the city should be subsidizing business <br />the city needs. Mr. Rolek said Ryan is saying this development is a package, and the <br />whole package is requesting the abatement. It may have to find a way to work around it, <br />but we can’t just sever a piece of the project off. The Ryan piece is more vulnerable, <br />because it is multi-users. Mr. Milbauer said he supports tax abatement, but certain types <br />of business should not be subsidized. If it is the only way to get the entire project, it is <br />necessary. Ms. Hansmann said she built her store because she saw the potential and if <br />they can see the potential, they shouldn’t need a subsidy either. <br /> <br />Mr. Chase stated that this is an issue any time a subsidy is given to any business. He <br />suggested a motion to support tax abatement for the Ryan/Target/Kohl’s project. Mr. <br />Milbauer moved, Mr. Gorowsky seconded. Motion passed unanimously. <br /> <br />Ms. Divine stated that by July 23 staff will be been working with Springsted to formulate <br />policies and programs that define the direction for the use of abatement. A meeting was <br />set for July 12 to discuss this further. <br /> <br />Ms. Hansmann said she hopes tax abatement is used to lower taxes for existing business <br />as a part of the overall plan, and not always use the funding for generation of new <br />business. Mr. Rolek said the total tax generation of the Town Center project is over <br />$600,000/year, and the city will be capturing only $200,000/year. So there will be a <br />benefit to the taxpayers. Mr. Jensen said EDAC wants to convey to the council how <br />important the project is. Lino Lakes does have a perception of being hard to work with, <br />and the council needs to do whatever is necessary to make the project happen. If the city <br />loses it, it will damage us. <br /> <br />Mr. Chase asked for an amendment to the motion to add terms that EDAC recognizes that <br />this project is important to economic development and the city council do whatever is <br />reasonably necessary to make it happen, and to consider tax abatement for use on this <br />project. Mr. Jensen moved. Mr. Gorowsky seconded. Motion passed unanimously. <br /> <br />LIGHT INDUSTRIAL LAND ON LAKE DRIVE <br /> <br />Ms. Divine stated that staff is in discussion regarding the light industrial park owned by <br />Glenn Rehbein. Centennial School District is buying a portion of it for a new elementary <br />school. It is time to reassess the light industrial designation and look at the best use of the <br />remaining parcel. If it develops for light industrial, the current market for light industrial <br />is similar to what is in Apollo Business Park. It may be some years before a market is <br />there for a business campus environment, or it possibly could develop sooner if it is <br />marketed for commercial use.