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04-28-1997 EDA Packet
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04-28-1997 EDA Packet
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EDA
EDA Document Type
EDA Packet
Meeting Date
04/28/1997
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CONSIDERATION OF RESOLUTION NO. 97-04 AUTHORIZING SALE OF <br />PROPERTY <br />Mr. Wessel explained that this resolution approves the sale of city -owned property in the <br />Apollo Business Park to the developer. EDA Member Neal moved to approve the <br />resolution. EDA Member Lyden seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF RESOLUTION NO. 97-07 ADOPTING A MODIFIED PLAN <br />FOR TIF DISTRICT NO. 1-7 <br />Mr. Wessel told the board that this resolution authorizes the EDA to provide public <br />assistance to the Lino Lakes Business Center Phases 2, 3, 4, 5. EDA Member Neal moved <br />to approve the resolution. EDA Member Lyden seconded the motion. Motion passed <br />unanimously. <br />RESOLUTION NO. 97-05 AUTHORIZING PREPARATION OF A MODIFIED TAX <br />INCREMENT FINANCING PLAN FOR TIF DISTRICT NO. 3-1 <br />Mr. Wessel explained to the board that the city had received a request for tax increment <br />financing assistance from GNW Machine, and its sister company Uptech Automation to <br />build a 31,783-square foot office/manufacturing facility in the Clearwater Creek <br />Development Center. This resolution authorizes preparation of a plan to modify the <br />district. EDA Member Neal moved to approve the resolution. EDA Member Lyden <br />seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF A PROPOSED SALE OF BLUE HERON DEVELOPMENT <br />CORPORATION PROPERTY TO LAKEVIEW DEVELOPMENT INC. <br />Mr. Wessel informed the board that Bill Dubats of the Lakeview Development Corp. <br />requested this item be tabled. EDA Member Neal moved to table the time. EDA Member <br />Lyden seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF A REIMBURSEMENT AGREEMENT BETWEEN THE EDA <br />AND NORTHERN WHOLESALE <br />Mr. Wessel explained that the development agreement between the EDA and Northern <br />Wholesale called for a reimbursement agreement to be executed by the EDA for the <br />reimbursement of $45,000 in site preparation costs as part of the TIF agreement. Northern <br />Wholesale has met the requirements for this reimbursement. EDA Member Neal moved to <br />approve execution of the agreement. EDA Member Lyden seconded the motion. Motion <br />passed unanimously. <br />
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