06-23-1997 EDA Packet - Laserfiche WebLink

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EDA Member Kuether moved to approve Resolution No. 97-08 adopting the modified program for Development District No. 1 and a plan for TIF District No. 1-8. EDA Member Neal seconded the motion. Motion passed unanimously. CONSIDERATION OF CONTRACT FOR PRIVATE DEVELOPMENT BETWEEN LINO LAKES EDA AND FAIRVIEW HEALTH SERVICES INC. Mr. Wessel explained that the agreement removed the special assessment of $56,506.64 upfront on the property Fairview is purchasing in the Village, and will reimburse $8,000 in administrative fees when the Certificate of Occupancy is issued. The EDA agrees to pay $65,493.36 in site preparation costs on a pay-as-you-go basis, for a total of $130,000 in TIF assistance. EDA Member Kuether moved to approve the development contract. EDA member Neal seconded the motion. Motion passed unanimously. CONSIDERATION OF PROPOSED SALE OF BLUE HERON DEVELOPMENT CORPORATION PROPERTY TO LAKEVIEW DEVELOPMENT INC. Mr. Wessel informed the board that Blue Heron Development has entered into a purchase agreement with Bill and Jan Dubats of Lakeview Development Inc. The EDA is required to approve any transfer of title if a final Certificate of Completion has not been issued. Mr. Dubats plans to close on the property May 30, 1997. EDA Member Lyden moved to approve the sale of the Blue Heron Development Corporation building to Lakeview Development Inc. EDA Member Neal seconded the motion. Motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 97-09 ADOPTING A MODIFIED PLAN FOR TIF DISTRICT NO. 3-1 Mr. Wessel explained that this modification was in response to a development proposal by GNW Machine to construct a 40,664 square foot office/manufacturing facility in the Clearwater Creek Development Center. This resolution states that the EDA finds the objectives for encouraging development to be met. EDA Member Neal moved to adopt Resolution No. 97-09. EDA Member Lyden seconded the motion. Motion passed unanimously. ADJOURNMENT EDA Member Kuether moved to adjourn. EDA Member Lyden seconded the motion. Meeting adjourned at 6:29 p.m.