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City of Lino Lakes, Minnesota <br />Tax Abatement Process <br />(YMCA Project) <br />Time Schedule — Updated <br />Wednesday, June 22, 2005 <br />Monday, June 27, 2005 <br />July 2005 <br />Tuesday, July 5, 5 pm <br />Tuesday, July 12 <br />Deadline: July 5 <br />Monday, July 25, 6:30 pm <br />City Council Worksession <br />• Discussion Item #1 <br />• Discussion Item #2 <br />• Discussion Item #3 <br />City Council Meeting <br />• Action Item #1 <br />• Action Item #2 <br />Financing options available to City <br />for YMCA Project <br />Tax Abatement Overview <br />The Process of Establishing a Tax <br />Abatement for YMCA Project <br />Authorize Implementation of <br />Time Schedule and Call for <br />Public Hearing on Establishment <br />of a Tax Abatement <br />Authorize Staff to Draft Tax <br />Abatement Resolution <br />• Discussion Item #1 Discuss Abatement <br />Participation from School <br />District and County <br />City Council Worksession - optional <br />• Discussion Item #1 Followup Overview of Tax <br />Abatement Concept for YMCA <br />project and Estimated Amount of <br />Revenue <br />• Discussion Item #2 Review Draft Tax Abatement <br />Resolution — will be distributed <br />Deadline for Submitting Information for Publication of <br />Notice of Public Hearing <br />(arrangements made by SPRINGSTED) <br />Publication of Notice of Public Hearing <br />White Bear Lake Quad Community Press <br />(arrangements made by SPRINGSTED) <br />City Council Holds Public Hearing, and Adopts <br />Necessary Resolution <br />• Public Hearing #1 To Establish a Tax Abatement <br />• Action Item #1 Approve Resolution Establishing <br />a Tax Abatement <br />Prepared by Springsted, Inc. 6/17/2005 <br />