HomeMy WebLinkAbout2004-135 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 04 -135
RESOLUTION CALLING FOR PUBLIC HEARING TO CONSIDER A DEVELOPMENT
AGREEMENT WITH LEGACY HOLDINGS LINO LAKES, LLC
WHEREAS, approximately 40 acres of property on the southeast quadrant of
35W /Lake Drive has been guided in the Lino Lakes Comprehensive Plan for a mixed
use town center development (the "Site "); and
WHEREAS, on November 24, 2003 the City Council of the City of Lino Lakes
approved a modification of Development District No. 1 and the adoption of a Tax
Increment Financing Plan for TIF District No. 1 -1 1 on a portion of the Site; and
WHEREAS, Legacy Holdings Lino Lakes, LLC has submitted a preliminary plat
for the Site consistent with the Comprehensive Plan and has asked for public
assistance in the development of the project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota as follows:
1. The city clerk - treasurer is authorized and directed to prepare a notice for
publication in the official newspaper setting a public hearing before the city
council to consider this matter on Monday, September 27, 2004 at 6:30 p.m.
in the council chambers at city hall. The notice shall be published in the
newspaper at least 10 but not more than 30 days prior to the public hearing.
2. The city staff and consultants are authorized and directed to take any and all
other actions necessary to bring this matter before the city council at the time
of the public hearing.
Dated: September 13, 2004
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ATTEST:
Ann Blair, Ci9 Clerk
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/Joh i ergeson, Mayor
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Proposed Council Schedule for Approval of Hartford Development Agreement
Weds. Sept. 8: Council Work Session
Council reviews proposed agreement. Question and answer
session. Defines unresolved issues.
Mon. Sept. 13: Council Meeting
Council calls for public hearing on Hartford Development
Agreement
Weds. Sept. 22: Council Work Session
Staff/consultants report progress of unresolved issues.
Mon. Sept. 27: Council Meeting
Council hold public hearing on Development Agreement. If major
agreement details have not been resolved in full, hearing is
continued to October 11.
Weds. Oct. 6: Council Work Session
Continued progress discussion
Mon. Oct. 11:
Council Meeting
Public hearing (if continued from Sept. 27). Council decision on
Development Agreement
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AGENDA ITEM 6G
STAFF ORIGINATOR: Mary Alice Divine
DATE: 9/13/04
TOPIC: Resolution No. 04 -135 calling for a public hearing to
Consider a Development Agreement with Legacy Holdings
Lino Lakes, LLC
BACKGROUND:
The Hartford Group is proposing to develop Legacy at Woods Edge, a mixed use
town center development on the southeast quadrant of 35E /Lake Drive. A
portion of the development is within Redevelopment Tax Increment Financing
District No. 1 -11. City staff and the city's financial and legal consultants have
been working with Hartford Group to develop a package for financial assistance
to the project to assist with improvements to Lake Drive /35W interchange area,
land write down and extraordinary site improvement costs.
This resolution calls for a public hearing at 6:30 p.m. on Monday, September 27,
2004 in the council chambers to consider the development agreement.
OPTIONS:
1. Adopt Resolution No. 04 -135 calling for a public hearing.
2. Return to staff for further consideration
RECOMMENDATION:
Option 1