HomeMy WebLinkAbout2003-079 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 03 -79
RESOLUTION CALLING FOR PUBLIC HEARING TO MODIFY DEVELOPMENT
DISTRICT NO. 1 AND TO ESTABLISH TAX INCREMENT FINANCING DISTRICT NO.
1 -10
WHEREAS, the Lino Lakes Economic Development Authority (the "EDA ") intends
to modify the program (The "Program ") for Development District No 1 (the "District "), and
to establish Tax Increment Financing District No 1 -10 ( "TIF District No 1 -10 ") within the
District; and
WHEREAS, Minnesota Statutes, sections 469.174 through 469.179 (the "TIF Act ")
and sections 469.124 through 469.134 (the "City Development District Act ") requires that
the city council of the City of Lino Lakes (the "City") hold a public hearing on the
modification of the Program and the adoption of a Tax Increment Financing Plan ( "TIF
District No. 1 -10 Plan ") for TIF District No. 1 -10, following approval thereof by the EDA.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota as follows:
1. Springsted Inc. 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, August 11, 2003 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. Springsted Inc. is hereby authorized and directed to notify Independent School
District No. 12 and Anoka County at least 30 days prior to the public hearing and to
invite their comments and on the modification of the Program and the
establishment of TIF District No. 1 -10.
3. 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: June 23, 2003
ATTEST:
J. Bergeson, Mayor
Development District No. 1
City of Lino Lakes
Anoka County, Minnesota
I
1211 ‘��.i�.
General Location Map
Lakes Business Park
Project Area
AGENDA ITEM 7B
STAFF ORIGINATOR: Mary Alice Divine
DATE: 06/23/03
TOPIC: Resolution No. 03 -79 calling for a public hearing to
Modify Development District No. 1 and establish TIF
District No. 1 -10
BACKGROUND:
The developers of the Lakes Business Park north of the Blue Heron Elementary
School on 35W have proposed to plat the 30 -acre park into sites for Tight
industrial users. In conjunction with the plat, the developers are working with a
potential light industrial user that is proposing to construct a 265,000 sq. ft.
facility on approximately 13 acres in the park.
It is anticipated that development of the business park may justify some public
expenditure . for infrastructure improvements to Lake Drive. In addition, the
business park has not developed solely through private efforts and may require
public participation to develop in a manner consistent with the city's goals for
commercial and industrial development.
The establishment of a new Tax Increment Financing (TIF) District that
incorporates the business park is a part of the overall schedule that also includes
an EAW, site plan reviews and a public improvements process. This resolution
calls for a public hearing to be scheduled on August 11, 2003 allowing time for
preparation of the plan for TIF District No. 1 -10. Once Springsted, Inc. prepares
the TIF Plan, Anoka County and Centennial School District will be notified and
will receive a copy of the draft plan for review, as required by Minnesota statute.
The parcels that will be incorporated into the new TIF District will be removed
from the existing TIF District No. 1 -9 that was established in 1998.
RECOMMENDATION:
Adopt Resolution No. 03 -79 calling for the public hearing.