05/22/1995 Council Minutes (2) - Laserfiche WebLink

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1 1 1 COUNCIL MEETING MAY 22, 1995 Statutes require that the governing body if not the same as the EDA, which it is not, also approve the TIF district. That is why the City Council is holding this public hearing this evening and finalizing the district. Council Member Elliott moved to close the public hearing at 6:57 P.M. Council Member Kuether seconded the motion. Motion carried unanimously. Consideration of Resolution No. 95 - 63 Approving the Plan for Tax Increment Financing District No. 1 -7 - Mr. Wessel explained that the final step in the process to establish TIF District No. 1 -7 in the Apollo Business Park requires the City Council to adopt a resolution approving the TIF plan. This resolution will be sent to Anoka County for certification of the District. Council Member Bergeson asked if there was a waiting period before this resolution takes effect. Mr. Schumacher said no, only ordinances have a waiting period of 30 days. The TIF District No. 1 -7 will be in effect this evening after the resolution is approved. Council Member Bergeson asked Mr. Batty, if the City Council adopts this resolution this evening, does this start the clock on the District. Mr. Batty explained that the 11 year period of this District will begin today. Council Member Kuether moved to adopt Resolution No. 95 - 63 Approving the Plan for Tax Increment Financing District No. 1 -7. Council Member Elliott seconded the motion. Motion carried unanimously. PUBLIC HEARING, CONSIDER MAKING AN IMPROVEMENT, WELL SITE NO. 4, CLEARWATER CREEK SUBDIVISION, JOHN POWELL Mayor Reinert opened the public hearing at 7:00 P.M. Mr. Powell used the overhead projector and pointed out the proposed site of the well in Clearwater Creek subdivision. On April 10, 1995, the City Council received the feasibility report for this project and a public hearing was set for this evening. The information contained within the outlines the site of the well as well as a cost estimate. The tentative schedule for the project includes getting the plans to the City Council for their approval no later than July 11, 1995. This will allow the well construction to begin in August with a completion date in October. The pump house will be bid separately and the completion of the pump house will take place next spring. There have been discussions with the developer regarding the location of the well site. Three (3) lots in Phase I have been set aside for the well. All three (3) sites are located very PAGE 7