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CITY COUNCIL <br />AGENDA ITEM 6D <br /> <br /> <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br /> <br />MEETING DATE: July 8, 2019 <br /> <br />TOPIC: Consider Resolution No. 19-85, Approving Tax Increment <br />Financing Plan for District 1-13. <br /> <br />VOTE REQUIRED: 3/5 <br /> <br /> <br />INTRODUCTION <br /> <br />Staff is requesting City Council consideration to approve the Tax Increment Financing Plan for <br />District 1-13. <br /> <br />BACKGROUND <br />Lyngblomsten Senior Housing, Inc. is proposing to develop a 20 acre area located in the <br />northwest quadrant of Hodgson Road and County Road J as a senior living community. The <br />City Council approved the Preliminary Plat/PUD Development Stage Plan for the project on <br />April 8, 2019. The project is proposed to include 20 rental cottage homes, and a senior rental <br />housing building consisting of both independent and assisted living units. A skilled nursing <br />facility is also planned as part of the campus. The project, as proposed, addresses a number of <br />City goals related to this area and will significantly reshape the NW quadrant of the 49/J <br />intersection. The public benefits include: <br />• Demolition and consolidation of existing underutilized properties including removal of <br />four existing buildings. <br />• Consolidation of multiple vacant or underutilized parcels and development of new <br />commercial pad sites generating new commercial tax base. <br />• Provides new right-of-way for both proposed and future County road improvements for <br />both Hodgson and County Road J. <br />• Constructs new turn lanes on Hodgson Road including the southbound approach to <br />County Road J. <br />• New public street improvements and consolidation of access points to Hodgson and CRJ <br />to improve circulation, capacity and safety along the corridor. <br />• Construction of nearly a ½ mile of new trail linking residents west of Hodgson Road with <br />the existing trail system to the east. <br />• Relocate and bury existing power lines running along the corridor. <br />• Catalyst for addition roadway improvements by Anoka County and Ramsey County <br />including striping and turn lane improvements on County Road J to increase capacity of <br />roadway.