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AGENDA ITEM 3 <br />STAFF ORIGINATOR Brian Wessel <br />DATE June 29, 1995 <br />TOPIC <br />Resolution #95-08 adopting the Development District <br />Program for Development District No. 3 and a Tax Increment <br />Financing Plan for TIF District 3-1 <br />The preparation of a Development District program for the Clearwater Creek <br />Development Center on I-35E/Cty Rd 14 and creation of a new economic development <br />TIF District 3-1 has been authorized. This will enable the city to respond to proposals <br />to encourage industrial development in Lino Lakes. Development District 3 will include <br />all of the parcels within the Clearwater Creek Development Center and the entire Rural <br />Business Reserve to the north. The RBR has been included in case the city may want <br />to create new TIF District for business development at some time in the future. <br />TIF District 3-1 will include all of the General Business and Light Industrial parcels <br />within Clearwater Creek with the exception of the Laborer's Training Center, which <br />is already developed. <br />Copies of the program and plan were sent on May 31, 1995 to the Centennial and <br />White Bear Lake School Districts and Anoka County for review and no comments <br />were received. <br />OPTIONS; <br />1. Adopt the program for Development District No. 3 and the plan for Tax Increment <br />Financing District 3-1. <br />2. Return to staff for further consideration <br />RE OMMENDATIO <br />Option 1 <br />