09/10/2001 Council Minutes - Laserfiche WebLink

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COUNCIL MINUTES SEPTEMBER 10, 2001 • The City has established criteria to evaluate the granting of any business subsidy. In addition to increasing the tax base, a project receiving a subsidy should promote one or more of the following: • 1. Compliance with Comprehensive or Other Plans. 2. Development of Marginal Property. 3. Upgraded Design and/or Other Amenities. 4. Utilization of Existing Infrastructure Investment. 5. Direct Monetary Return on Public Investment. 6. Leveraged Funds. 7. Spin -Off Development. 8. Growth Potential. 9. Community Services. 10. Non -competition with existing services. If creating jobs is one of the purposes of providing a subsidy, the recipient of the subsidy must also establish goals regarding how many new jobs will be created and the wages Target Corporation has agreed to create 75 new full-time equivalent positions at an hourly rate Department Store has agreed to the creation of 30 new full time e of $8.00, plus benefits. plus benefits. Kohl's ons at an hourly rate Mayor Bergeson stated public comment will be taken. k • ste residents be respectful of each other when speaking. Mr. Mike Dempsey, 1051 Oak Lane, state the Council Members and Mayor for th City should be giving Target any given to the Target corporatio Ms. Deb Graf, 7757 ole to the community, not some other developer per hour. Lino Lakes for 24 years. He commended are doing. He stated he does not believe the y does need to progress, but money should not be , sta ed she was always under the assumption that Target gave back hie community. She stated the land is a prime piece of land and e. She added that she heard Burger King is paying employees $9.00 Mr. Dave Marshall, 7445 Village Drive, came forward and stated he was present to represent the YMCA. The YMCA has made a commitment to this community and is very excited about that. One reason for that is the potential for new business and growth within the community. The YMCA needs residents and the financial support from the businesses within the community. He added that he hopes the City will support this type of planned growth. Mr. Paul Tralle, 945 Evergreen Trail, stated he is in support of the Target project. The jobs and development are needed for the City. He stated he has lived here for 14 years and has to drive to 3-4 different towns to do shopping. He stated a sit-down restaurant would be very nice for the City. He indicated he is sorry for those residents who are very close to the development, but that is part of growth. Another development may come to the City, but will not give back to the community like Target will. He stated he is very much in favor of the project. 5