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City of Lino Lakes and Lino Lakes Economic Development Authority <br />(4) telemarketing if that activity is the exclusive use of the property; <br />(5) tourism facilities (see M.S. Section 469.174, Subd. 22); <br />(6) space necessary for and related to the activities listed in (1) through (5) above; <br />(7) a workforce housing project that satisfies the requirements under Minnesota Statutes, <br />Section 469.176, subdivision 4c, paragraph (d). <br />Tax increments from the TIF District will be used to provide financial assistance to the proposed <br />development (see Section I), in which over 85% of the square footage of the facilities to be constructed <br />will be used for warehousing, storage and distribution of tangible personal property, excluding retail sales <br />as listed in (2) above. In addition, the parcels to be included within the district have qualified for inclusion <br />under the provisions of chapter 473H in the previous five calendar years before the filing of the request <br />for certification only and therefore the project must meet the following qualifications: <br />(1) a district in which 85 percent or more of the planned buildings and facilities (determined on the <br />basis of square footage) are a qualified manufacturing facility or a qualified distribution facility or a <br />combination of both; or <br />(2) a housing district. <br />A distribution facility means buildings and other improvements to real property that are used to conduct <br />activities in at least each of the following categories: <br />(i) to store or warehouse tangible personal property; <br />(ii) to take orders for shipment, mailing, or delivery; <br />(iii) to prepare personal property for shipment, mailing, or delivery; and <br />(iv) to ship, mail, or deliver property. <br />A manufacturing facility includes space used for manufacturing or producing tangible personal property, <br />including processing resulting in the change in condition of the property, and space necessary for and <br />related to the manufacturing activities. <br />To be a qualified facility, the owner or operator of a manufacturing or distribution facility must agree to pay <br />and pay 90 percent or more of the employees of the facility at a rate equal to or greater than 160 percent <br />of the federal minimum wage for individuals over the age of 20. <br />The proposed project will be a qualified distribution facility. <br />Section F Duration of the TIF District <br />Economic development districts may remain in existence 8 years from the date of receipt by the Authority <br />of the first tax increment. The City anticipates that the TIF District will remain in existence the maximum <br />duration allowed by law (projected to be through the year 2031, due to anticipated receipt of first <br />increment in 2025). Modifications of this plan (see Section AA) shall not extend these limitations. <br />Draft <br />Baker Tilly Municipal Advisors, LLC Page 3 <br />