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STAFF <br />DATE: <br />ENDA ITEM 3 <br />1...4.1t <br />E I- <br />° . tt} -.4.1 ;06. <br />The city has a request for tax Incrementlnancing assistance from three <br />businesses interested in locating on the G.M. Development properly In the <br />Apollo Business- Center. <br />Midwest Veneer and Pressing, Inc. Is Currently -located In Wyoming-, Minnesota. <br />The Manufacturer of architectural panels Intends to purchase four acres to <br />construct a 410,000 square foot facility. <br />All Test and InspectWit conducts MOW structural testing of mimes, hoists, <br />amusement park tides and farm equipment. It is currently located in Blaine and <br />is planning on purchasingtro am* for its 6,5*) square foot building. <br />Hatt. Mesabi is plannkrgitipurchasellyee Emma to construct a 30,000 square <br />foot facility for its warehrotreekftstributhm miter. 1484 Mesabi sells and <br />distributes conveyors and parts primerilY for aggregate producers The <br />company's main office is 4n Hiteing, willftqmrations akio in Blaine. <br />This resolution authorizes preparation of the modification of Devigoprivirit <br />District No. 1 to delete the remaining G.M Development parcels and the <br />Rehbein business park tune% on the southwest quadrant of the 38W <br />interchange from TIF District tokt 1-7, and reconstitute them into a new TIF <br />District No 1-9. TIF District No 1-7 was established in 1995 and no kinger has <br />the capacity to provide a competitive incentive. <br />• <br />Once the plan is prepared it will be sent to Schoa District #12 and Anoka. <br />County for review. Labor tonight the City Council will be ssiad toset a date for a <br />public hearing. <br />