01/13/1997 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES JANUARY 13, 1997 Mayor Landers stated the Council must look at the better of two evils and the proposed project creates a shorter route plus a service road to access property that would otherwise be landlocked. He explained that once Otter Lake Road is realigned and the existing Otter Lake Road is closed, this City will not, nor will Anoka County, approve any other entrance onto County Road 14. Council Member Bergeson moved to table further consideration of Resolution No. 97 - 07 to the January 27, 1997 Council meeting. Council Member Lyden seconded the motion. Motion carried unanimously. In consideration of this motion to table, Mr. Ahrens recommended that Agenda Items 9F and 9G be tabled. Consideration of Resolution No. 97 - 08, Declaration of Intent to Bond, Otter Lake Service Road Street and Utility Project - Council Member Lyden moved to table consideration of Resolution No. 97 - 08 to the January 27, 1997 Council meeting. Council Member Bergeson seconded the motion. Motion carried unanimously. Consideration of Resolution No. 97 - 09, Determining the Necessity for and Authorizing the Acquisition of Certain Property by Proceeding in Eminent Domain, Otter Lake Service Road Street and Utilities Project - Council Member Bergeson moved to table consideration of Resolution No. 97 - 09 to the January 27, 1997 Council meeting. Council Member Lyden seconded the motion. Motion carried unanimously. Consideration of Resolution No. 97 - 01 Calling for a Public Hearing for an Industrial Facilities Project (AdGraphics) Pursuant to the Minnesota Industrial Development Act - Mr. Wessel advised that in February 1996 the City Council approved Resolution No. 96 - 11 indicating its intent to assist in financing AdGraphics, owned by the Taylor Corporation, through the issuance of revenue bonds in the principal amount of $6,000,000. The project being financed is the 138,400 square -foot manufacturing facility located on 20 acres in the Clearwater Creek Development Center. Mr. Wessel advised the City will assume no liability and the only restriction is this can only be done once annually. He noted that the Taylor Corporation applied for the allocation in December 1996, and the Department of Trade and Economic Development (DTED) notified the Taylor Corporation its allocation will be approved. The Municipal Industrial Development Act requires that the City Council facilitate the issuance of these tax exempt bonds and hold a public hearing. This resolution calls for the hearing to be held 6:30 p.m. at the February 10, 1997 City Council meeting. The issuance of the bonds is subject to final approval by DTED and the City Council then has 120 days to issue the bonds. Mr. Wessel named the staff members who have worked on this project. Council Member Lyden moved to adopt Resolution No. 97 - 01. Council Member Bergeson seconded the motion. Motion carried unanimously. Resolution No. 97 - 01 can be found at the end of these minutes. PAGE 14