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CITY COUNCIL WORK SESSION JUNE 19, 2001 <br />Mr. Fefercorn added that he cannot stress enough the need for a commitment from the <br />YMCA. <br />Economic Development Assistant Divine advised meetings have been held with the <br />YMCA. Preliminary concepts should be available in 3-4 weeks. <br />This item will appear on the regular Council agenda Monday, June 25, 2001, 6:30 p.m. <br />Lino Lakes Marketplace EAW, Jeff Smyser — City Planner Smyser advised the EAW <br />was distributed. The City has received one request for a copy. The deadline for public <br />comment is 30 days after it was published. <br />Council Member O'Donnell asked when the decision will be made regarding an EIS. <br />City Planner Smyser advised the City should make decision about an EIS 30 days after <br />the public comment period closed. Additional time can be reques <br />Mayor Bergeson stated the Council will want a staff reco s:� . arding an EIS. <br />Tax Abatement & Business Subsidy Policies, Al R Director Rolek <br />advised the City has begun the process to initiate t ab eme or City projects. The <br />City has to develop policies for business subsidy : batement. The City did request <br />participation in the tax abatement from the F. e Sc ool District and the County. <br />At this time, the Forest Lake School Distric • oes n F want to participate. The County <br />Task Force will address the issue of p � i ax abatement on July 11, 2001. <br />Economic Development Assistan uted and reviewed a draft copy of the <br />Lino Lakes Business Subsidy P! oti. it is only a draft and will be revised. <br />Mr. Jerry Shannon and <br />Policy City of Lino <br />Lakes position relatin <br />beyond the requiremen <br />policy does include an a <br />witt, Springsted, reviewed the Tax Abatement <br />e purpose of the policy is to establish the City of Lino <br />of Tax Abatement for private development above and <br />d mitations set forth by State Law. It was noted that the <br />lication and scoring system. <br />Council Member O'Donnell asked if tax abatement will be applicable to new businesses <br />only. Finance Director Rolek advised tax abatement can also be used for existing <br />businesses. <br />Council Member Reinert asked if tax abatement or TIF is more beneficial to the City. <br />Finance Director Rolek stated each project has to be evaluated individually. The City <br />controls more dollars with the use of TIF. <br />This item will appear on the regular Council agenda Monday, July 23, 2001, 6:30 p.m. <br />3 <br />