05/06/2004 EDAC Minutes - Laserfiche WebLink

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APPROVED CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: Thursday, May 6, 2004 MEMBERS PRESENT: K. Hansmann, H. Juni, T. Vacha, J. Schwartz, H. Karth, J. Helgemoe, F. Chase MEMBERS ABSENT: D. Gorowsky, S.Rymer, K. Hansmann OTHERS PRESENT: M. Divine GENERAL/MINUTES Minutes of April, 2004 were approved. EDAC ONE –YEAR ACTION PLAN REVIEW Ms. Divine reviewed the changes EDAC had suggested. The 2003 projects include Woods Edge, 35E Corridor, town center development, Lake Drive and Apollo Business Park. Ms. Divine stated the action plan calls for a more aggressive use of public financing for priority projects. For several years staff has not had clear direction regarding city participation through public financing. This council has a diverse opinion about its use. A clear policy, based on today’s market realities, may need to be reviewed so that if a company meets the “but for” requirement, it has a reasonable chance of getting approved. Mr. Chase said it is appropriate that EDAC recommend direction regarding use of TIF on specific projects. Ms. Divine said the Woods Edge application is under review by Springsted, it is a certainty this project will need TIF to work. The TIF workshop will be on June 2 at 6 p.m. Springsted has been asked to answer questions that EDAC had brought up. Once this review is complete, the city may want to revisit its TIF policy. It has been several years since it was reviewed. 2003 programs include local business retention, a promotional program and subsidy evaluation. A local business retention goal is to encourage the use of public incentives to move incompatible businesses within the city to compatible sites. Mr. Karth brought up Lake Drive redevelopment across from Target and noted that something will happen, but it will be a smaller scale if the city doesn’t take a proactive approach. Mr. Vacha said the city should have a master plan for redevelopment. Mr. Chase said it is EDAC responsibility to indicate what uses a particular zone should have, what type of business, etc. It could take years to develop, but at least there would be a vision. Mr. Juni said it should be on EDAC agenda as a priority for the next couple meetings. Ms. Divine stated the downtown quadrant is a good example of planning for the future, yet it took years to get it implemented. But the plan ensured the city eventually got the development it wants. 1