09/10/2001 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES SEPTEMBER 10, 2001 He thanked Council Member Carlson and Dahl for abstaining on the vote. Any money this will cost the City is because the City rezoned without a development. He stated the Council should stand firm and not let Target nickel and dime them. Mr. Ryan Kenny, 6299 Red Maple Lane, stated he has filled out many job applications and the spots are already filled. Lino Lakes does not have enough job opportunities for all the homes that are being built. Target would be a good job for students. He indicated he has learned about business in school and want to earn money to apply what he has learned. Mr. James (?), 3888 5`h Avenue, stated he wants the Target here because he needs a job and college money. He has learned in school that you should get jobs early. He stated he has applied for a lot of jobs but there are never any openings. He stated he is happy about Target and Kohl's so he can get a job. Mr. Kenny added that Target does give back to the community. Mr. John Johnson, 261 Elm Street, stated he is disappointed that resid and have to wait until after the public hearing is over. He stated h wanted to slow things down but citizens voted them in to vote to be put to the voters to see what the majority really want Mayor Bergeson advised the two (2) abstentions Mr. Lyle Carpenter came forward and gav and also proud of the job the Council shouldn't hesitate in moving ahea Bedroom communities can no this plan. sked for information ) Council Members stain. The plan needs e City, noting he is very proud of the City ve one over the past several years. The Council ss is good and this will be an outstanding City. se ves. He stated the Council should move forward with Mayor Bergeson advis if the project is approv their deliberation. c hearing will be closed. Staff will then outline the financial steps stated the Council will take a short break and then Council will begin Council Member Carlson moved to close the public hearing at 8:45 p.rn. Council Member Dahl seconded the motion. Motion carried unanimously. Finance Director Rolek outlined the business subsidy proposal and explained the abatement process and how abatement works. He noted the differences between tax abatement and TIF. The City is not committing any general tax dollars. The tax dollars will only be abated if the development goes forward. The City will still collect taxes, then rebate them for five (5) years or the final figure, whichever comes first. There is no immediate need for the dollars that will be used for this project. The infrastructure costs will be assessed back against the development and will be collected over a period of time. Mayor Bergeson called for a short recess at 8:52 p.m. 10