09/10/2001 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES SEPTEMBER 10, 2001 Finance Director Rolek advised the motion on the table is for Resolution No. 01 106. That resolution does not including anything about waived fees. Council Member Carlson indicated she will withdraw the amendment and add it to the business subsidy resolution. Council Member Dahl asked what will happen if the tax abatement resolution is approved and the business subsidy resolution is denied. City Attorney Hawkins stated he understands that the negotiations are for both the tax abatement and business subsidy. If the both items do not pass the City does not have an agreement. Motion carried with Council Member Dahl voting no. Resolution No. 01 — 106 can be found in the City Clerk's office. Consider Resolution No. 01-127, Approving a Business Subsidy to T Rolek - Finance Director Rolek advised Resolution No. 01-127 reco development meets the goals and objectives outlined by the City i Target Corporation has agreed to create 75 new full-time equi $8.25, plus benefits. Kohl's Department Store has agreed o equivalent positions at an hourly rate of $8.00, plus be These wages and job goals exceed the City's mi date assistance is received, jobs created s plus benefits." et and Kohl's, Al t the Marketplace ubsidy Criteria. t an hourly rate of 30 new full-time uirement that "within two (2) years of the • ual to 110% of the federal minimum wage, Separate Abatement agreeme... i .tlinee conditions for public assistance to Target and Kohl's for the construction of Targ u"K rs d Kohl's Department Store. Included in these agreements will be a Business Sue idy A_ p- men that defines the number and wages of new jobs to be created by each project, and th elo * s' responsibilities if they do not fulfill the Agreement. Council Member Reinenoved to adopt Resolution No. 01 — 127, as presented. Council Member O'Donnell seconded the motion. Council Member Carlson moved to amend the motion to include the removal of the $105,00 in waived fees for a five -(5) year total subsidy. Council Member Dahl seconded the motion. Mayor Bergeson stated he is against the amendment because he believes the agreement was negotiated as a package. The project is good for the City and the total package should be approved as presented. Council Member Dahl stated she agrees the project would be good for the City but it can be done without a subsidy. If it can't be done without a subsidy, Target does not really want to be here. 16