12/20/1990 Council Minutes (2) - Laserfiche WebLink

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fiL 1 COUNCIL WORK SESSION DECEMBER 20, 1990 Mayor Bisel called a work session of the Lino Lakes City Council to order at 5:45 P.M., Thursday, December 22, 1990. Council Members present: Neal, Kuether, Reinert, Bohjanen. Council Members absent: none. City Planner, John Miller; City Administrator, Randy Schumacher and Clerk - Treasurer Marilyn Anderson were also present. Mr. Schumacher explained that the purpose of this meeting is to introduce the Council to BTR Acquisitions of Vadnais Heights. BTR Acquisitions is considering relocating their facilities to Lino Lakes. The purpose of the second port =on of the fork session is to update the Council regarding :nside Sports. BTR Acquisitions, Vadnais Heights Mr. Schumacher introduced Mr. Rick Trombley and Mr. Bernie Reeck of BTR Acquisitions. Mr. Miller explained that this company is looking at two (2) or three (3) possible locations in the Lino Industrial Park. They are most interested .1n a trianc-.:lar shaped lot located near the freeway. This location would allow BTR to erect a sign that could easily be seen from the freeway. The lot is located in TIF District No. 1 -4. This City does need a project in that district by June 1, 1991. :here could be advantages to the relocation of BTR to Line Lakes for both the company and the City. Nr. Miller explained that a 20,000 square f_ot structure constructed of tilt up concrete is planned. The building would be connected to municipal utilities. There will be an outside storage area which would be bermed and landscaped with pine trees. The sign would be a monument sign, be landscaped and lighted. It would be attractive. BTR woul± like to cet an indication from the Council that they would be a welcome addition to Lino Lakes. They will then post an escr_w and proceed with 1991 construction plans. 13'1'R explained that they will need a minirur of two (2) acres for - their business. They are currently looking at approxi- .ately three (3) acres. They employ twelve (12) people. The primary business is buying, reconditioning and sales'of used office equipment, storage systems and racking syst_ms. Outside storage areas are needed primarily for pallet racki-a. BTR is- planning on a minimum investment of $200,000.00 to gat started in Lino Lakes. They arc also looking for a loan fr_- the city of ',0,000.00 at 8'. interest. Mr. ::chumachor - .ot.ed that $35.00 per square foot, the I3'I'R building will cost approximately $700,(700,00. The representatives from BTR =xpla.ined that the total root of the improverent will he well ver $700, !.00.