02/27/2006 Council Packet - Laserfiche WebLink

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• Because the city is considering additional funding while losing its benefit of the 5 -year membership discount , the city has asked the YMCA to provide some additional benefits to all Lino Lakes residents. Staff and the YMCA are still working through these additional program opportunities. • • Providing an additional tax abatement to cover the costs associated with the city's partnership with the YMCA is considered a business subsidy under the Minnesota Business Subsidy Act. After closing the public hearing, the city council will consider a resolution that approves the use of $850,000 in tax abatement for the YMCA facility and a business subsidy to the YMCA. The resolution outlines the public purposes of the subsidy to further the city's recreational programs. EDAC Recommendation The Economic Development Advisory Committee reviewed the proposed tax abatement for completion of the leisure pool. EDAC took action supporting additional tax abatement for the YMCA project for the inclusion of a leisure pool and improved architectural design of the facility, but recommended that the abatement be contingent upon increased public access through, but not limited to, resident user fees for a negotiated period of time. Of the nine EDAC members, one was absent and one abstained. The final agreements and discussions regarding proposed programming opportunities for Lino Lakes residents are not complete. Therefore, staff is recommending that the public hearing be continued to the March 13, 2006 city council meeting. OPTIONS: 1. Open the public hearing and continue the hearing to March 13, 2006 2. Close the public hearing and take action on the abatement and business subsidy RECOMMENDATION: Option 1