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AGENDA ITEM 3A <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 8/14/00 <br />TOPIC: Consideration of Resolution No. 00-03 approving the <br />proposed business subsidy to Marmon/Keystone <br />VOTE REQUIRED: 3/5 <br />BACKGROUND: <br />Light industrial projects in the Apollo Business Center are consistent with the <br />city's comprehensive plan designed to encourage economic growth and diversity. <br />As part of the Lino Lakes Town Center, the projects moving into the park play a <br />significant role in providing a critical mass of development to support retail and <br />service businesses in the commercial center. This project is also consistent with <br />the city's need to recover the return on its investment in the existing infrastructure <br />within the park. <br />This resolution recognizes that Marmon/Keystone meets the goals and objectives <br />outlined by the EDA in its business subsidy criteria. <br />This project must go through a series of approvals, including approval of the <br />development agreement, site and building plan and conditional use permit. The <br />city council will be considering the site plan and CUP at the August 28 council <br />meeting. It is recommended that approval of the business subsidy be contingent <br />upon final approval of the project by the City Council. <br />OPTIONS: <br />1. Adopt Resolution No. 00-03 <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />