HomeMy WebLinkAbout12-14-1998 EDA MinutesCITY OF LINO LAKES
ECONOMIC DEVELOPMENT AUTHORITY
MINUTES
DATE: Monday, December 14, 1998
MEMBERS
PRESENT: K. Sullivan, J. Bergeson, C. Dahl, C. Lyden, A. Neal
MEMBERS
ABSENT:
OTHERS
PRESENT: Brian Wessel, Mary Divine, Mark Ruff, Shelly Eldridge
CONSIDERATION OF MINUTES
EDA Member Neal moved to approve the minutes from the October 26, 1998 EDA
meeting. EDA Member Dahl seconded the motion. Motion passed unanimously.
CONSIDERATION OF RESOLUTION NO. 98-06 APPROVING A PLAN TO
MODIFY DEVELOPMENT DISTRICT NO. 1 AND TO ESTABLISH TAX
INCREMENT FINANCING DISTRICT NO. 1-9
Mr. Wessel explained to the Authority that the city had a request for tax increment
financing from businesses interested in locating in Apollo Business Center. This resolution
approves the modification of Development District No. 1 to delete the remaining G.M.
Development parcels, the Hawkins Chemical site and the Rehbein business park parcels
from TIF District No. 1-7, and to reconstitute them into a new TIF District No. 1-9.
Additional parcels that were in TIF District -No. 1-7 that were unlikely to develop as light
industrial uses were removed from the district altogether. The only parcels remaining in
1-7 had businesses with development agreements with the city.
Ms. Divine explained that two developers have plans for construction. H&L Mesabi was
considering three acres its facility, and Lino Lakes Business Center is planning to purchase
the six -acre Hawkins Chemical site for three leasable buildings.
EDA Member Lyden said he was -against -light industrial zoning for the Glenn Rehbein site
and it should be zoned for commercial. Mr. Wessel responded that during the
comprehensive planning process it -was -believed that there was enough commercial on the
interchange and -additional would -cause further traffic issues. This business park has a
campus type setting and should attract good businesses. Mr. Lyden disagreed that more
commercial would increase the traffic, since -the -interchange was already planned for
commercial.
Mr. Bergeson questioned if businesses must all be treated equally when it comes to TIF.
Ms. Divine respondedthatthe city provides TIF as a tool to get desirable development
and what is offered to one company does not have to be offered to another.
EDA Member Bergeson moved -to adopt Resolution No. 98-06,. EDA Member Neal
seconded the motion. Motion passed with EDA Member Lyden voting no.
ADJOURNMENT
EDA Member Bergeson moved to adjourn. EDA Member Dahl seconded the motion.
Motion passed unanimously.