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CITY COUNCIL WORK SESSION MAY 23, 2001 <br />DISCUSS PARK DEDICATION ORDINANCE, JEFF SMYSER/AL BRIXIUS <br />City Planner Smyser advised that the Council approved the first reading of the new park <br />dedication ordinance at the last Council meeting. However, there were questions <br />regarding the numbers used in the calculation. <br />Mr. Al Brixius came forward and reviewed in detail a memo regarding the requirements <br />for combination (cash and land) dedication, commercial/industrial dedication and revised <br />recommendation for residential dedication. He also reviewed examples of each type of <br />dedication noting the figures need to be periodically reviewed in the future. <br />Council directed staff to make sure the ordinance reads "charge per unit" relating to the <br />park dedication fees. <br />This item will appear on the regular agenda Tuesday, May 29, 2001 6:30 p.m. <br />TOWN CENTER UPDATE <br />Village Development Project, Brian Wessel - Econo <br />advised the target date for Council to review the deve <br />2001. The proposal will be reviewed at a future <br />for the Council to consider the Village in the ss s'dy. <br />ent Director Wessel <br />osal is mid August <br />ion. e noted it is important <br />Marketplace Project, Ryan/Target/Kohl <br />Development Director Wessel advise <br />He referred to a drawing of the revi <br />the project remains the same as <br />2002. <br />Brian Wessel — Economic <br />eceived a revision of the site plan. <br />e changes. He indicated the schedule for <br />ly presented with Target opening in July <br />Request for Financial Ass'' ce, Al Rolek — Finance Director Rolek advised the City <br />has received a reques ubsi from Ryan Companies. Staff has looked at different <br />ways to provide that sith the help of Springsted. <br />Business Subsidy -Tax batement Procedures, Al Rolek — Mr. Jerry Shannon, <br />Springsted, came forward and distributed a handout regarding the financial assistance <br />process and time schedule. He stated the Council is basically looking at setting up an <br />abatement policy with a timetable that meets the Target project. The City has not <br />previously used tax abatement and, therefore, needs to establish a City policy. He <br />reviewed the abatement process is detail noting the actions necessary at the next Council <br />meeting. <br />Council Member O'Donnell asked at what point an agreement will be put together <br />regarding the dollars to be used by abatement. <br />2 <br />