08/25/1997 Council Minutes - Laserfiche WebLink

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• • • COUNCIL MINUTES AUGUST 25, 1997 Council Member Lyden asked that policies and procedures regarding granting of MUSA Reserve be reviewed at the next Council work session. Motion carried with Council Member Lyden voting no. COMMUNITY DEVELOPMENT DEPARTMENT, BRIAN WESSEL Consideration of Resolution No. 97 - 95 Calling for a Public Hearing on the Adoption of a Modified Program for Development District No. 1 and Plans for TIF District Nos. 1-1 and 1-2 - Mr. Wessel explained that immediately prior to this evening s Council meeting the Economic Development Authority authorized the preparation of a modified program for Development District No. 1 and the plans for Tax Increment Financing District Nos. 1-1 and 1-2 to allow for expenditures for public improvements within The Village. Once Council sets the hearing date, the modified plans will be sent to School District No. 12 and Anoka County for review and comment. Staff recommended approval of Resolution No. 97 - 95. Council Member Lyden moved to adopt Resolution No. 97 - 95, as presented. Council Member Neal seconded the motion. Motion carried unanimously. Resolution No. 97 - 95 can be found at the end of these minutes. Consideration of Resolution No. 97 - 96 Calling for a Public Hearing on the Adoption of a Modified Plan for Tax Increment Financing District No. 1-7, Apollo Business Park - Mr. Wessel explained that immediately prior to this evening s Council meeting the Economic Development Authority authorized the preparation of a modified Plan for Tax Increment Financing District No. 1-7 to provide financial assistance to Rice Industries to build a facility in the Apollo Business park. Once Council sets the hearing date, the modified plans will be sent to School District No. 12 and Anoka County for review and comment. Staff recommended approval of Resolution No. 97 - 96. Council Member Kuether moved to adopt Resolution No. 97 - 96, as presented. Council Member Bergeson seconded the motion. Motion carried unanimously. Resolution No. 97 - 96 can be found at the end of these minutes. Consideration of FIRST READING, Ordinance No. 23 - 97 Offering Sale of Property in The Apollo Business Park to Rice Industries, Inc. - Mr. Wessel explained that this is the first reading required for the sale of property in the City -owned portion of the Apollo Business park to Rice Industries. This company plans to purchase the last parcel of 1.90 acres. They plan to build approximately 10,000 square feet of office/distribution space on the property, with eventual expansion to 20,000 square feet. This completes the sale of City -owned land in the Apollo Business Park. 19