08-11-2003 EDA Packet - Laserfiche WebLink

Home Search

EDA MINUTES JUNE 23, 2003 DRAFT 177 EDA Member O'Donnell moved to adopt Resolution No. 03-02 extending the Compliance Date for 178 Wage and Job Goals for Marmon/Keystone for one year. EDA Member Bergeson seconded the 179 motion. Motion carried unanimously. 180 181 CONSIDERATION OF RESOLUTION NO. 03-03, AUTHORIZING THE PREPARATION 182 OF A PLAN TO MODIFY DEVELOPMENT DISTRICT NO. 1 AND TO ESTABLISH TAX 183 INCREMENT FINANCING DISTRICT NO. 1-10 (LAKES BUSINESS PARK) 184 185 Ms. Divine summarized the staff report, explaining in August they will have more details of the plan 186 and will have a public hearing and consideration by the City Council, and the action tonight just 187 allows those steps to start. 188 189 EDA Member Reinert stated he wants it on record that there is residential area surrounding this 190 development, and when allowing new districts to go forward, they need to keep in mind ways of 191 buffering the residential areas from these new development areas. 192 193 EDA President Carlson asked if they authorized the preparation of the plan and establish the TIF 194 district, will it come back to the EDA. Ms. Divine stated it would, after Planning and Zoning reviews 195 it, it will come back in August for a public hearing and action. 196 197 EDA President Carlson stated she asked this question because there is not currently enough 198 information to establish a need for funding. Ms. Divine stated anything having to do with a request 199 for TIF will not come for approval until more is known. She added that this was approval of the 200 creation of a district, not an approval of a subsidy. She noted there will be improvements to Lake 201 Drive that will be for the general good of the city, and may not be covered by the developer, and that 202 generation of increment can help pay for improvements to Lake Drive and the bridge. 203 204 EDA President Carlson stated she had a question from a commercial owner asking if the County 205 would be tearing up the entire Lake Drive/35W bridge when they reconstruct, as it would be a 206 detriment to business. Ms. Divine indicated for now that reconstruction has been removed from the 207 County plans, but when they are ready to do it there is the possibility they may not have to completely 208 close the bridge. 209 210 EDA Member Reinert moved to adopt Resolution No. 03-03 authorizing preparation of a plan to 211 modify Development District No. 1 and to establish TIF District No. 1-10. EDA Member Bergeson 212 seconded the motion. Motion carried unanimously. 213 214 CONSIDERATION OF POWER LINE EASEMENT TO NORTHERN STATES POWER 215 COMPANY 216 217 Ms. Divine summarized her report, noting that Northern States Power Company has agreed to define 218 the limits of their easement over the property. 219 220 EDA Member Bergeson moved to approve the Electric Distribution Easement from Northern States 221 Power Company. EDA Member Dahl seconded the motion. Motion passed unanimously. 5