04/03/2000 Park Board Packet - Laserfiche WebLink

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COUNCIL MINUTES JANUARY 24, 2000 Authority held a public hearing regarding a proposed $110,200 business subsidy in the form of Tax Increment Financing to H & L Mesabi for the construction of a 15,000 square foot facility in the Apollo Business Park. A new state statute requires that a public entity — in this case the EDA — finds that the granting of a subsidy meets the best interests of the City. As required by state statute, the Council is required to also approve the subsidy. This subsidy is to write down a portion of the cost of land and assessments on the project according to the terms of a development agreement. Staff recommended approval of the business subsidy for H & L Mesabi. It was noted that the approval is continent upon project approval. Council Member Carlson moved to approval the business subsidy for H & L Mesabi, as presented. Council Member O'Donnell seconded the motion. Motion carried unanimously. Consider Resolution No. 200 —11, Requesting Anoka County t e ax Increment District 1 -4 (3/4 Vote Required) — Mary Divine — Staff advis ier this evening adopted a resolution requesting that TIF District No. 1 -4 be • e ed >his economic development district was established in 1990 to include opment portion of the Apollo Business Park. According to state statute, the district has now be decertified. Any unused incre any excess increment will be retu that the City joins with the 26, 2000. allowable length of time and must se to eligible District expenses, after which County for redistribution. This resolution notes An a Council to decertify the district effective March Staff recommended ap solution No. 2000 — 11, requesting Anoka County to decertify TIF District No. 1 -4 Council Member O'Donnell moved to adopt Resolution No. 2000 — 11, as presented. Council Member Dahl seconded the motion. Motion carried unanimously. Resolution No. 2000 — 11 can be found at the end of these minutes. FIRST READING, Ordinance No. 03 - 2000, Rezone a Portion of Highland Meadows to R- 3 (4/4 Vote Required) — Mary Kay Wyland — Staff advised at the January 10, 2000, Council meeting, Council approved the rezoning of less than one (1) acre of land from R -1 to R -3. The purpose was to allow the Highland Meadows developer to move the location of one (1) four -(4) unit townhome building. This was necessitated by the wetland mitigation plan, which preserves some wetland in the area previously approved for the building. There will be no additional units added to the number that was approved two (2) years ago. 14 • •