12-20-2004 EDA Minutes - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 DATE MEMBERS PRESENT MEMBERS ABSENT OTHERS PRESENT CITY OF LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MINUTES : December 20, 2004 : J. Bergeson, D. Carlson, C. Dahl, J. Reinert, D. Stoltz : None Mary Divine, Gordon Heitke, Steve Bubul and Barry Sullivan CONSIDERATION OF MINUTES OF SEPTEMBER 27, 2004 EDA Member Bergeson moved to approve the September 27, 2004 minutes, as presented. EDA Member Stoltz seconded the motion. Motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 04-04 TERMINATING TAX INCREMENT FINANCING DISTRICT NO. 1-8 AND DIRECTING THE DECERTIFICATION BY THE COUNTY AUDITOR Ms. Divine summarized the Staff report, noting that Staff is recommending approval. EDA Member Carlson noted she is a member of the Fairview Board; however she will not abstain because this is not a benefit to Fairview and she was not a part of the City Council when this TIF District was set up. EDA Member Bergeson moved to adopt Resolution No. 04-04 terminating Tax Increment Financing District No. 1-8 and Directing Decertification by the County Auditor. EDA Member Carlson seconded the motion. Motion carried unanimously. CONSIDERATION OF RESOLUTION NO. 04-05 APPROVING MODIFICATION OF TAX INCREMENT FINANCING DISTRICT PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-11 Ms. Divine summarized the Staff report, indicating that Staff is recommending approval. • EDA Member Carlson asked if this would create a net loss or gain in size and dollars. Ms. Divine indicated that originally there would have been a small amount of development on the site, but because the YMCA has moved, and does not pay taxes, there may be a slight loss EDA Member Carlson asked if the City gained additional environmental benefit by gaining woods. Ms. Divine stated there was significant preservation.