04-28-1997 EDA Minutes - Laserfiche WebLink

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CITY OF LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MINUTES DATE: April 28, 1997 MEMBERS PRESENT: J. Landers, C. Lyden, S. Kuether, A. Neal MEMBERS ABSENT: J. Bergeson OTHERS PRESENT: B. Wessel, R. Batty, M. Divine CONSIDERATION OF MINUTES EDA Member Neal moved to approve the minutes of March 24, 1997. EDA Member Kuether seconded the motion. Motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 97-08 ADOPTING A MODIFIED PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND A PLAN FOR TIF DISTRICT NO. 1-8 Mr. Wessel explained to the board that this resolution established a 25-year Redevelopment District in three separate areas of the city. This district gives the city the ability to offer financial assistance for redevelopment of four parcels, including the old Gethsemane Church site, the Kaiser property and the 49 Club. He explained that it would be possible to expand the district to include other parcels in the future, providing they meet the criteria for redevelopment. EDA Member Kuether asked why Miller's on Main was not included. Ms. Divine explained that parcels in the district had to classified as substandard, which meant that it required substantial renovation or clearance. The Kaiser property, as an example, required all supply lines, and draw and waste pipes be replaced, and that the foundation had heaved. The building could not be brought up to code for less than 15% of the cost of building a new structure, so it qualified. Mr. Wessel explained this district was put into place at this time to create a site that works for the Fairview Clinic on the Gethsemane site. The site will require added preparation to accommodate the drainage plan. EDA Member Lyden asked if TIF would be used to take the building down. Mr. Wessel replied that the purchase agreement called for Mr. Rehbein to remove the building and that TIF would be used for site preparation and assessments. Mr. Batty added that this was prudent use of TIF to achieve goals which might not otherwise occur.