08/14/2000 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES AUGUST 14, 2000 the construction of an 83,000 square foot facility in the Apollo Business Center. A new state statue requires that a public entity- in this case EDA- must find that the granting of a subsidy meets the best interests of the City. As required by state statue, the City Council is required to also approved the subsidy. This subsidy is to write down a portion of the cost of land and assessments on the project according to the terms of a development agreement. The development agreement includes the Subsidy Agreement, specifying the requirements under the Business Subsidy Law, including wage and job goals and annual reporting. Council Member Dahl moved to approve the business subsidy for Marmon/Keystone, as presented. Council Member Reinert seconded the motion. Motion carried unanimously. Consideration of Business Subsidy Agreement for Twin City Fab, Inc., Mary Alice Divine — Staff advised earlier this evening the Economic Development Authori $77,185 business subsidy in the form of Tax Increment Financing construction of a 19,200 square foot facility in the Apollo Busi agenda item, state statue requires that a public entity -in this cq of a subsidy meets the best interests of the City. The City subsidy. The main component of this subsidy is to write agreement includes the Subsidy Agreement, spe Law, including wage and job goals and ann nsidered a proposed ty Fab, Inc. for the As with the previous must find that the granting uired to also approve the cosf assessments. The development e requirements under the Business Subsidy • Council Member Reinert moved to asiness Subsidy Agreement for Twin City Fab, Inc., as presented. Council Member 0' :u, , se ded the motion. Motion carried unanimously. Town Center Development rds ' ndorsement (3/5 Vote Required), Jeff Smyser — Staff advised the Planning and • ning $ . d opened the public hearing on the new Town Center Development standards in R 0. It was kept open to allow extensive discussion and public input. The Economic Dev S +pm nt Advisory Committee (EDAC) met on August 3, 2000, for further discussion of the proposed s dards and voted on a recommendation. Planning and Zoning closed the hearing on August 9, 2000. The public hearing and discussion has been for educational purposes: to educate the public about the City's intent to create the new zoning district and standards, and to educate City staff and officials on what developers, land owners, and other think about the draft standards. Staff has not yet begun the formal process for amending the zoning ordinance and rezoning the Town Center area. The City has applied for additional grant money from the Metropolitan Council under the Livable Communities program. The City received a grant in 1998 to plan the Town Center. The City has applied for additional money to help implement the plan. The Met Council has let the City know that the development standards are important to show the City is serious about implementing the mixed use, compact development plan. While the City has yet to process the formal zoning amendment that 10 •