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08-11-2003 EDA Packet
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08-11-2003 EDA Packet
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9/25/2019 11:01:00 AM
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EDA
EDA Document Type
EDA Packet
Meeting Date
08/11/2003
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City of Lino Lakes, Minnesota <br />17-31-22-32-0006 <br />17-31-22-32-0003 <br />The area encompassed by the TI <br />located upon or adjacent to the pro <br />Section H <br />The Authority may a`+ <br />how€v, the Authority <br />384.03 FT TH S 77 DEG 48 MIN 07 SEC W <br />201.13 FT + OR — TO THE E R/W LINE OF <br />SD IH #35W & THERE TERM EX RD SUBJ <br />TO EASE OF RECORD. <br />THAT PRT OF NW1/4 OF SW1/4 OF SEC <br />17 TWP 31 RGE 22 LYG SELY OF I 35W & <br />LYG NWLY OF T H NO 49, EX FOL DESC <br />TRACT: BEG AT A PT ON S LINE OF SD <br />'/ '/4 538.56 FT E: ._OF SW COR THEREOF, <br />TH N PRLL/W I NE OF SD % % 437 FT, <br />TH E PRL LINE TO INTER/W C/L <br />OF T H N TH SWLY ALG SD C/L TO <br />SD S L I TH ALG SD S LINE TO <br />POB, ALSOEX°� 33 FT OF W 538.56 FT <br />OF; SD /4 %, EX RD SUBJ TO EASE OF <br />VILLAGE OFF -LINO LAKES <br />`1TOFTHES437FTOFTHAT <br />-THE NW1/4 OF SW1/4 OF SEC <br />LYING NWLY OF TRK HWY NO <br />KNOWN AS ST PAUL & <br />STATE RD) (EX THE W <br />EREOF) (SUBJ TO TRK <br />istrict shall also include all street or utility right-of-ways <br />describer above. <br />:Acquired in the TIF District <br />II any or all of the property located within the TIF District; <br />ipate acquiring any such property at this time. <br />Section 1 Specific Development Expected to Occur Within the TIF District <br />The project will nsist o the construction of four industrial buildings to be used for <br />manufacturing. Thei wilding to be constructed is expected to be 265,000 square feet and <br />completed by 2004.'1,Q trots A, B and C are expected to be 40,000 square feet completed in <br />2005, 60,000 square feet completed in 2006 and 60,000 square feet completed in 2007, <br />respectively. In addition, a portion of the increment will be used for Lake Drive improvements. <br />The four facilities are expected to be fully constructed in 2007 and be 100% assessed and on <br />the tax rolls as of January 2, 2008 for taxes payable in 2009. <br />At the time this document was prepared there were no signed construction contracts with <br />regards to the above described development. <br />SPRINGSTED <br />Page 4 <br />
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