Laserfiche WebLink
• <br />• <br />• <br />Planning & Zoning Board <br />May 14, 1997 <br />Page 16 <br />TIF assistance to Fairview as part of the City's obligation to present a <br />developable site to Fairview. The proposal is to provide $130,000 in TIF <br />assistance to Fairview as generated by Fairview within this particular parcel. <br />Special assessments of $56,000 will be removed that TIF will provide. <br />Administrative fees will be reimbursed to the City, and $65,000 will be used for <br />site preparation. The site must be elevated to make developable. Fairview is <br />being requested to pay back the $65,000 on a pay -as- you -go basis, which <br />means that future taxes will reimburse the City. It is anticipated that the entire <br />amount will be paid back within four years. The proposed TIF assistance is less <br />than 12 percent of the total project cost which is well within TIF guidelines. <br />Mr. Wessel stated that he contacted Anoka County, the Forest Lake School <br />District and Centennial School District who support this TIF district and <br />expressed appreciation for the ultimate tax revenues that will be beneficial to <br />them. <br />Mr. Robinson asked the amount of elevation that must be added to the site and <br />what effect it will have on the property and its access. <br />Mr. Wessel stated that the added elevation is a small amount and has to do with <br />the substandard structures that exist. The intent of TIF is to raze the buildings <br />and allow redevelopment that will increase tax revenues. The building will be <br />demolished as part of the agreement with Mr. Rehbein. <br />Mr. Johnson asked if the old church site, the 49 Club site and the Kaiser House <br />site are separate parcels. <br />Mr. Wessel answered, yes, and stated that all three qualify for redevelopment. <br />Mr. Johnson asked if the 49 Club property includes the separate commercial <br />buildings to the north. <br />Mr. Wessel answered, yes. <br />Mr. Dunn asked what correlation there is between TIF and the Comprehensive <br />Plan districts noting that some districts lend themselves to more commercial <br />development than others and if the new Comprehensive Plan were to <br />redesignate rural land as commercial whether that would make it easier to <br />receive TIF assistance. <br />Mr. Wessel stated that the new TIF redevelopment district would be part of <br />District 1. They are coordinated but each has different sets of circumstances. <br />There are no conflicts. This proposal is an attempt to balance the needs of the <br />