03-24-1997 EDA Minutes - Laserfiche WebLink

Home Search

CONSIDERATION OF RESOLUTION NO. 97-04 AUTHORIZING SALE OF PROPERTY Mr. Wessel explained that this resolution approves the sale of city -owned property in the Apollo Business Park to the developer. EDA Member Neal moved to approve the resolution. EDA Member Lyden seconded the motion. Motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 97-07 ADOPTING A MODIFIED PLAN FOR TIF DISTRICT NO. 1-7 Mr. Wessel told the board that this resolution authorizes the EDA to provide public assistance to the Lino Lakes Business Center Phases 2, 3, 4, 5. EDA Member Neal moved to approve the resolution. EDA Member Lyden seconded the motion. Motion passed unanimously. RESOLUTION NO. 97-05 AUTHORIZING PREPARATION OF A MODIFIED TAX INCREMENT FINANCING PLAN FOR TIF DISTRICT NO. 3-1 Mr. Wessel explained to the board that the city had received a request for tax increment financing assistance from GNW Machine, and its sister company Uptech Automation to build a 31,783-square foot office/manufacturing facility in the Clearwater Creek Development Center. This resolution authorizes preparation of a plan to modify the district. EDA Member Neal moved to approve the resolution. EDA Member Lyden seconded the motion. Motion passed unanimously. CONSIDERATION OF A PROPOSED SALE OF BLUE HERON DEVELOPMENT CORPORATION PROPERTY TO LAKEVIEW DEVELOPMENT INC. Mr. Wessel informed the board that Bill Dubats of the Lakeview Development Corp. requested this item be tabled. EDA Member Neal moved to table the time. EDA Member Lyden seconded the motion. Motion passed unanimously. CONSIDERATION OF A REIMBURSEMENT AGREEMENT BETWEEN THE EDA AND NORTHERN WHOLESALE Mr. Wessel explained that the development agreement between the EDA and Northern Wholesale called for a reimbursement agreement to be executed by the EDA for the reimbursement of $45,000 in site preparation costs as part of the TIF agreement. Northern Wholesale has met the requirements for this reimbursement. EDA Member Neal moved to approve execution of the agreement. EDA Member Lyden seconded the motion. Motion passed unanimously.