02/12/1996 Council Minutes - Laserfiche WebLink

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CITY COUNCIL MEETING FEBRUARY 12, 1996 January 31, 1996 - Council Member Kuether moved to approve these disbursements as presented. Council Member Lyden seconded the motion. Motion carried unanimously. February 12, 1996 Council Member Neal moved to approve these disbursements as presented. Council Member Bergeson seconded the motion. Motion carried unanimously. Centennial Fire District - Council Member Neal moved to approve these disbursements as presented. Council Member Kuether seconded the motion. Motion carried unanimously. COMMUNITY DEVELOPMENT DEPARTMENT REPORT, BRIAN WESSEL Resolution No. 96 - 23 Calling Public Hearing on the Modification of Plan for Tax Increment Financing District No. 1-4 - Mr. Wessel explained that earlier this evening the Economic Development Authority (EDA) authorized the preparation of modified Plans for Tax Increment Financing District (TIF) No. 1-4 to drop all parcels from the district with the exception of Emtech and Blue Heron, which are improved parcels. The purpose of the modification is to remove parcels that no longer have capacity for providing financial assistance to industrial businesses wishing to locate in the City. Industrial development is not likely on some of the parcels in 1-4 and they will no longer be within a TIF District. Certain parcels, such as the G.M. Development property in the Apollo Business Park, will be incorporated into TIF District 1-7 so that the City has capacity to provide assistance when these parcels develop. Once the City Council sets the public hearing date, the modified plans will be sent to School Districts 12 and 831, and Anoka County for review and comment. Mr. Wessel recommended that Resolution No. 96 - 23 be adopted setting a public hearing for March 25, 1996, 6:30 P.M. Council Member Lyden moved to adopt Resolution No. 96 - 23 as proposed. Council Member Neal seconded the motion. Motion carried unanimously. Resolution No. 96 - 23 can be found at the end of these minutes. Resolution No. 96 - 24 Calling Public Hearing on the Modification of Plan for Tax Increment Financing District No. 1-7 - Mr. Wessel explained that the EDA has authorized the preparation of a modified plan for TIF District 1-7. This modified plan will add parcels to the district and provide financial assistance to two (2) industrial projects. The parcels that will be added include the G. M. Development site in the Apollo Business Park, and Glenn Rehbein's light industrial site on I -35W and Highway 49 interchange, the Hawkins Chemical site just north of the Apollo Business Park. The momentum is there for these sites to develop over the next couple of years. Once these sites are PAGE 3