03/24/1997 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES MARCH 24, 1997 • PUBLIC HEARING, MODIFICATION OF PLAN FOR TAX INCREMENT FINANCING (TIF) DISTRICT NO. 1 - 7 (APOLLO BUSINESS PARK), BRIAN WESSEL • Mr. Wessel explained that the Economic Development Authority has adopted the modification of the plan for TIF District 1-7 to provide financial assistance to the Lino Lakes Business Center Phases 2, 3, 4 and 5. He stated that copies of the plan have been forwarded to the school district and the county for review. The purpose of the hearing is to receive public comment regarding the modification of the plan. Mayor Landers opened the public hearing at 6:51 p.m. There being no public comments, Council Member Kuether moved to close the public hearing at 6:51 p.m. Council Member Lyden seconded the motion. Motion carried unanimously. Consideration of Resolution 97 - 36, Adoption of Modification of Plan for Tax Increment Financing (TIF) 1- 7 - Mr. Wessel stated that the modification of TIF District 1-7, allowing the City to provide tax increment financing to the Lino Lakes Business Center Phases 2, 3, 4 and 5, has been determined to be in the best interests of the City. Following its approval the procedure for providing public assistance is in place. Council Member Bergeson moved to adopt Resolution No. 97 - 36. Council Member Neal seconded the motion. Motion carried unanimously. Resolution No. 97 - 36 can be found at the end of these minutes. COMMUNITY DEVELOPMENT REPORT, BRIAN WESSEL Consideration of Resolution 97 - 37, Calling for a Public Hearing to Modify Plan for Tax Increment Financing District 3-1 (Clearwater Creek) - Mr. Wessel stated the Economic Development Authority has authorized the preparation of a modified Plan for Tax Increment Financing District No. 3-1 to provide financial assistance to GNW Machine, Inc. and its "sister" company UpTech Automation for the construction of an office/manufacturing facility in the Clearwater Creek Development Center. Mr. Wessel requested that a public hearing date be set for April 28, 1997 at 6:30 p.m. in the council chambers. Once the date is set, the modified plans will be sent to School District No. 624 and Anoka County for review and comment. Council Member Kuether moved to adopt Resolution No. 97 - 37. Council Member Lyden seconded the motion. Motion carried unanimously. Resolution No. 97 - 37 can be found at the end of these minutes. Consideration of Resolution No. 97 - 40, Calling for a Public Hearing to Modify the Program for Development District No. 1 to Expand the Boundaries of the District and to PAGE 4