01-24-2000 EDAC Packet - Laserfiche WebLink

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Mr. Batty stated that this criteria is another layer of subsidy regulation and does not replace the city's TIF criteria. The city could labor over a policy, then a great proposal could come to the city and it misses the goals that were set. The city should look to the general goals in this policy and jobs should be dealt with on a case by case basis. In Lino Lakes, job creation has not been the primary reason for business subsidies. Ms. Sullivan noted that the focus is successful businesses, and the city has criteria for business selection. She questioned if continuing this discussion would jeopardize schedules for new business. Ms. Divine stated that a company is seeking site plan review and approval of a development agreement in December. ACTION: Mr. Bergeson moved to adopt Resolution 99-01, adopting Lino Lakes Economic Development Authority Business Subsidy Criteria. Mr. Neal seconded the motion. Motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 99-02 CALLING FOR A PUBLIC HEARING REGARDING A PROPOSED SUBSIDY TO H&L MESABI Ms. Divine explained that this company was seeking TIF assistance for construction of a facility in the Apollo Business Park. The company is a distributor of portable screening plants for sand and gravel. ACTION: Mr. Bergeson moved to adopt Resolution NO. 99-02 calling for a public hearing on the proposed business subsidy to H&L Mesabi at 6 p.m. on Monday, December 13, 1999 in the council chambers. Mr. Neal seconded the motion. Motion passed unanimously. ADJOURNMENT EDA Member Dahl moved to adjourn. EDA Member Neal seconded the motion. Motion passed unanimously. Meeting adjourned at 7 p.m.