05/14/1990 Council Minutes - Laserfiche WebLink

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1 1 COUNCIL MEETING MAY 14, 1990 discussed this financing method and would like to meet with the Council prior to the public hearing. Mr. Fifield explained that if this method of financing is developed by the Council, the Council will have to be specific regarding where the bond money is to be spent. The ability to collapse any portion or all of the projects should be built into the program. The Council thanked Mr. Fifield for attending this evening. (See Page 13, Economic Development Authority) PLANNER'S REPORT - JOHN MILLER Economic Development Committee Recommendation to Complete Market Analysis - Mr. Miller explained that Lino Lakes has been successful in marketing its residential development and now has placed a cap on the number of housing units that can be built in one (1) year. However, Lino Lakes has not been as successful in attracting industrial and commercial development. The Economic Development Committee (EDC) has looked at the two (2) diamond interchanges in the City and has noted that there is considerable interest in developing these areas. The EDC has decided that a market analysis and land planning analysis should be completed and they have taken proposals from several firms to complete these studies. When this work is completed, the EDC is planning to sponsor a developers luncheon and make a sales pitch for these areas. I.t is hoped that this will attract some development for the spring of 1991. Three (3) proposals have been received and Mr. Miller recommended that the Council accept the proposal from Short, Elliot and Hendrickson to complete a land planning analysis and accept the proposal from Advance, Inc. to complete a market analysis. The total cost of both proposals is $16,900.00. Mr. Schumacher explained that the City will pay for the two studies at this time. It is expected that as the land develops, the developers will participate in these costs. The City may never fully recover all of the costs. Council Member Reinert asked why these studies were not being completed in -house and use the resources of the firms Selected here. He noted that a large amount of money has been spent on studies and felt that the City Planner should be used in this capacity. T' ;; explained that these two studie very time consuming and Mr. Miller did not nave time to do this. Mayor Bisel noted that these studies are addressing marketing not planning. He ieit that =�J' two interchanges needed to be developed to the bet_ .vantage of Lino Lakes and the City should not be re- active t :: development but pro- active and see that they are pia; ed for PAGE 3 47