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• The City has been shown only a concept of the proposed facility and has received <br />no formal application from IMEDC. <br />• IMEDC has not provided the city with financial guarantees. <br />The City Council has several options. <br />1. The Council could conditionally support the concept of a motorsports facility in <br />Lino Lakes provided all potentially negative impacts are mitigated to the city's <br />satisfaction. This does not constitute any formal approval and does not hold the <br />City Council to any future actions or approvals. At best it provides the developers <br />with the understanding that this current City Council believes the concept <br />deserves further exploration. <br />2. The City Council could conclude that the draft 2030 Comprehensive Plan does <br />not support this type of use in Lino Lakes and the City Council would not <br />consider this a suitable use in Lino Lakes under any circumstances and inform the <br />developers it would not support an amendment to the Comprehensive Plan. <br />3. The City Council could choose to provide no direction and IMEDC would have to <br />decide whether it wishes to proceed with a project proposal /land use application <br />and EIS. <br />Requested Council Direction <br />Council prerogative <br />Attachments: <br />IMEDC Phase 1 Business Plan <br />• <br />• <br />