10/15/1985 Council Minutes - Laserfiche WebLink

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134 SPECIAL MEETING October 15, 1985 A special meeting of the Lino Lakes City Council was called to order by Mayor Benson at 6:00 P.M., October 15, 1985. Council- members present: Bohjanen, Reinert, Marier. Councilmembers absent: Kulaszewicz. Administrative Assistant, Dan Tesch and Clerk- Treasurer, Marilyn Anderson were also present. The purpose of this special meeting is to hear a presentation regarding tax increment financing (TIF) by Roger. Jensen. Mr. Jensen is the Director of the Anoka County Economic Develop- ment Partnership. This is a public, private partnership and is a group of industries and businesses in Anoka County that have formed a partnership with Anoka County Board of Commissioners with the purpose of stimulating economic development in Anoka County. They have been in existence for about six months. Mr. Jensen is the staff of the partnership. He explained several projects he has been involved with noting that he is currently working with the City of Blaine to try and attract the NCR Comten facility. They are currently looking at the vacant Ball Brothers facility. Another project is a Minnesota Medical Technology Park for the City of Coon Rapids. Minnesota is looked at as the medical tech- nology capital and it is projected that by 1990, the medical technology industry will be the number one employer in the state. Mayor Benson said the Council is interested in establishing a person that they can use to give them further information about TIF. The Economic Development Committee has not made a recommendation regarding a consultant, but did go on record stating the City should look into TIF. The Council is interested in looking into how Mr. Jensen can be of help to the City as they progress looking at TIF, the cost, etc. Mr. Jensen said there is no cost for his service, however, he is the only staff and could not take on a project from start to finish as a consultant. He will assist in any way he can to help get some- thing going. He said a bond consul and attorney would be needed to complete a project. A team of people would need to be put together. The City would also need to define what it wants to accomplish. He can then advise them on how to proceed. Mr. Reinert asked if the City were to look at a regular consultant, how could.Mr. Jensen be of service and reduce the costs. Mr. Jensen said he would have to give this some thought. He would do whatever time would allow, assist the consultant. Mr. Marier asked if Mr. Jensen had a list of consultants that the County recommends. Mr. Jensen said no, but he did know of several who have worked in this area. He listed several and suggested that the Council check around and have them come and talk to them.