07/18/2001 Council Minutes - Laserfiche WebLink

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CITY COUNCIL WORK SESSION JULY 18, 2001 Community Development Director Grochala stated the lots have changed as well as utility issues and the site plan. Staff needs time to review the changes but are trying to hold to the original schedule. Economic Development Director Wessel stated the Council should consider acting on the rezone Monday night and move the request for tax abatement and business subsidy agreement to the August 13th Council meeting. He added staff met with Ryan Companies last week and went through a conceptual negotiation that will hopefully end in an agreement. Finance Director Rolek advised a public hearing will be held regarding the Business Subsidy Policy and Tax Abatement Policy. He asked if Council Members are comfortable with the two -(2) policies. Mayor Bergeson asked if the policies are standards. Mr. Paul Steinman advised the policies are very standard an w e required to have these policies if they offer this type of assistance. Finance Director Rolek stated the policies are broa other projects within the City at the Council's dis EDAC and their comments were incorporate Council Member Carlson stated the pol the wage rate percentage is very low consistent with EDA policy. Council Member O'Donne question with the current the developer has ind' ated th ded to be used with The policies were reviewed by e doc . ments. e precise. She noted she believes irector Rolek stated the wage guideline is the City can accurately address the but/for fro v yan Companies. Finance Director Rolek stated 'thout the subsidy they will not build in Lino Lakes. Finance Director Rolek stributed and reviewed the numbers of the four -(4) options included in the Ryan Co ter Proposal for subsidy noting the original offer made by the City. He stated the city cost of acquiring a remnant piece of JADT property is the big unknown. The City would have to go through the eminent domain process to determine the value of the property. Economic Development Director Wessel stated he believes the City is in a good position to negotiate the price of the property with the property owner. Council Member O'Donnell asked if the City can structure the deal so Ryan Companies gets a set discount on the price that the City pays for the land. Economic Development Director Wessel stated that option is possible and staff will discuss it with Ryan Companies. 4