06-23-2003 EDA Minutes - Laserfiche WebLink

Home Search

EDA MINUTES JUNE 23, 2003 DRAFT 5 EDA Member O'Donnell moved to adopt Resolution No. 03-02 extending the Compliance Date for 177 Wage and Job Goals for Marmon/Keystone for one year. EDA Member Bergeson seconded the 178 motion. Motion carried unanimously. 179 180 CONSIDERATION OF RESOLUTION NO. 03-03, AUTHORIZING THE PREPARATION 181 OF A PLAN TO MODIFY DEVELOPMENT DISTRICT NO. 1 AND TO ESTABLISH TAX 182 INCREMENT FINANCING DISTRICT NO. 1-10 (LAKES BUSINESS PARK) 183 184 Ms. Divine summarized the staff report, explaining in August they will have more details of the plan 185 and will have a public hearing and consideration by the City Council, and the action tonight just 186 allows those steps to start. 187 188 EDA Member Reinert stated he wants it on record that there is residential area surrounding this 189 development, and when allowing new districts to go forward, they need to keep in mind ways of 190 buffering the residential areas from these new development areas. 191 192 EDA President Carlson asked if they authorized the preparation of the plan and establish the TIF 193 district, will it come back to the EDA. Ms. Divine stated it would, after Planning and Zoning reviews 194 it, it will come back in August for a public hearing and action. 195 196 EDA President Carlson stated she asked this question because there is not currently enough 197 information to establish a need for funding. Ms. Divine stated anything having to do with a request 198 for TIF will not come for approval until more is known. She added that this was approval of the 199 creation of a district, not an approval of a subsidy. She noted there will be improvements to Lake 200 Drive that will be for the general good of the city, and may not be covered by the developer, and that 201 generation of increment can help pay for improvements to Lake Drive and the bridge. 202 203 EDA President Carlson stated she had a question from a commercial owner asking if the County 204 would be tearing up the entire Lake Drive/35W bridge when they reconstruct, as it would be a 205 detriment to business. Ms. Divine indicated for now that reconstruction has been removed from the 206 County plans, but when they are ready to do it there is the possibility they may not have to completely 207 close the bridge. 208 209 EDA Member Reinert moved to adopt Resolution No. 03-03 authorizing preparation of a plan to 210 modify Development District No. 1 and to establish TIF District No. 1-10. EDA Member Bergeson 211 seconded the motion. Motion carried unanimously. 212 213 CONSIDERATION OF POWER LINE EASEMENT TO NORTHERN STATES POWER 214 COMPANY 215 216 Ms. Divine summarized her report, noting that Northern States Power Company has agreed to define 217 the limits of their easement over the property. 218 219 EDA Member Bergeson moved to approve the Electric Distribution Easement from Northern States 220 Power Company. EDA Member Dahl seconded the motion. Motion passed unanimously. 221