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• <br />• <br />• <br />CITY COUNCIL WORK SESSION OCTOBER 6, 2004 <br />APPROVED <br />1 It is a very proactive approach to development, which provides the community with a <br />2 better opportunity to plan for development rather than react to it. <br />3 <br />4 Consider Resolution No. 04 — 147, Authorization of DSU Contract for 35E Corridor <br />5 AUAR, will appear on the regular Council agenda Tuesday, October 12, 2004, 6:30 p.m. <br />6 <br />7 PROPOSAL FOR 9.8 ACRES IN APOLLO BUSINESS PARK, MARY ALICE <br />8 DIVINE <br />9 <br />10 Economic Development Coordinator Divine advised United Properties is interested in <br />11 building approximately 100,000 sq. ft. of warehouse/office space on the 9.8 -acre site <br />12 remaining in the Apollo Business Park. <br />13 <br />14 Economic Development Coordinator Divine stated the parcel is within TIF District 1-9, <br />15 which expires in December 2009. Because the district is aging, new projects would not <br />16 generate enough increment to provide the type of subsidy most users are requesting <br />17 without creating a new district, and the parcels have remained undeveloped. <br />18 <br />19 Economic Development Coordinator Divine advised staff is seeking Council direction on <br />20 whether Councilmembers wish to pursue this project using TIF to pay assessments on the <br />21 parcel. Using TIF, the City can guarantee it recovers the City investment by 2009, or the <br />22 Council can choose to wait and see if the property develops on its own. <br />23 <br />24 Mayor Bergeson and Councilmember Stoltz indicated they were comfortable with staff <br />25 moving forward with the proposed project. <br />26 <br />27 Councilmember Carlson indicated she needs more information about the proposed <br />28 project. <br />29 <br />30 Mayor Bergeson advised staff to obtain an opinion regarding this issue from <br />31 Councilmembers Dahl and Reinert. <br />32 <br />33 REGULAR AGENDA ITEMS <br />34 <br />35 Item Dii, Consideration of Resolution No. 04 —149, Approving Development Agreement, <br />36 Pheasant Hills Preserve 12th Addition — City Engineer Studenski noted a revised <br />37 development agreement would be included in the Friday update. <br />38 <br />39 There were no other changes to the regular agenda. <br />40 <br />41 The meeting was adjourned at 8:17 p.m. <br />42 <br />43 These minutes were considered, corrected and approved at the regular Council meeting held on <br />44 October 25, 2004. <br />45 <br />46 <br />47 <br />7 <br />