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1 1 1 COUNCIL MEETING July 22, 1985 Page Four the tax base in Lino Lakes and offering opportunities for inter- ested businesses to locate within Lino Lakes. Mr. Dan Wilson, of Wilson Management Services, attended a special meeting within the last month to introduce the concept of tax increment financing to the Economic Development Committee, Council, Park Board and Planning and Zoning Board. Mr. Wilson, at no charge, has at the request of the City put together a proposal to get the City on the road to learning about and possibly beginning a tax increment financing program. Mr. Marier voiced a concern that Mr. Wilson did not provide a clear philosophy for this program or criteria which applicants must follow to benefit from this program. He also questioned whether or not the new business this program will bring into the City will make enough of a contribution to make the City's risk worthwhile. Mr. Karth, from the audience, stated that Mr. Wilson has shown some examples within his proposal from other Cities. Mr. Karth felt that these examples are not a reflection of the types of tax increment financing agreement that the City of Lino Lakes would enter into when just beginning this program. Mr. Karth also wanted it understood by the Council that there would be basic criteria, both financially and personally, which applicants would be required to meet and that the Council would have the authority to approve or deny each situation. Mr. Reinert felt that he did not have a clear enough picture of the tax increment financing concept to make a decision at this point. It was also mentioned that Mayor Benson would want to be included in any further discussion of this issue. MOTION: Mr. Marier moved to table the tax increment financing item until the Council can receive further clarification of the concept and until Mayor Benson can also be involved. Motion seconded by Mr. Bohjanen, and the motion carried unanimously. Mr. Kulaszewicz asked that further discussion of this subject take place before a regular meeting, preferably 6:00 P.M. Mr. Schumacher agreed to contact Mr. Wilson for further information. PLANNING AND ZONING BOARD REPORT T. F- James Company Site and Building Plan for an Addition to the Tom Thumb Store, Lake Drive and Main St. Mr. Kluegel and Mr. Kvanbeck (T. F. James Company representative) introduced this request for a 2,700 square foot addition to the Tom Thumb Store. Mr. Kluegel explained that the Planning and Zoning Board had made a recommendation for approval with certain stipulation (see Planning and Zoning Board minutes of July 10, 1985% 057