HomeMy WebLinkAbout08-11-2003 EDA MinutesCITY OF LINO LAKES 1
ECONOMIC DEVELOPMENT AUTHORITY 2
MINUTES 3
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DATE : August 11, 2003 6
MEMBERS PRESENT : J. Bergeson, D. Carlson, C. Dahl, J. O'Donnell, J. Reinert 7
MEMBERS ABSENT : None 8
OTHERS PRESENT : Mary Divine, Dan Tesch, Michael Grochala and Bill 9
Hawkins 10
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CONSIDERATION OF MINUTES OF JUNE 23, 2002 12
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EDA Member O’Donnell moved to approve the June 23, 2002 minutes, as presented. EDA Member 14
Bergeson seconded the motion. Motion passed unanimously. 15
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Ms. Divine noted that at the work session Councilmember Dahl asked for a worksheet on Tax 17
Increment Financing, which she has tonight for review. She indicated the Finance Director put the 18
information together, which shows the different TIF Districts that are open, the year they were 19
certified, which projects received assistance, etc. She advised TIF District 1-7 will be decertified at 20
the end of 2003, as will TIF District 3-1, and TIF District 1-8 at the end of next year. She further 21
advised TIF District 1-9 will run its full course. 22
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EDA Member Bergeson asked if the taxes would be collected in 2004 or 2005. Ms. Divine indicated 24
it would be on the tax roles of 2004, collected in 2004. 25
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EDA Member Bergeson noted there are budget preparations taking place, and he wonders if they 27
included this as coming on line. Ms. Divine indicated she was not sure, but believes they have been, 28
as they have been looking at this for some time. 29
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CONSIDERATION OF RESOLUTION NO. 03-04, ADOPTING A MODIFIED PROGRAM 31
FOR DEVELOPMENT DISTRICT NO. 1 AND ESTABLISHING TAX INCREMENT 32
FINANCING DISTRICT NO. 1-10 (MARSHAN LAKE INDUSTRIAL PARK) 33
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Ms. Divine summarized the Staff report, clarifying what is being considered is adoption of the TIF 35
plan, not approving any assistance within that TIF District. She indicated Staff recommends adoption 36
of Resolution No. 03-04 adopting a modified program for Development District No. 1 and 37
establishing TIF District No. 1-10. 38
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EDA Member Bergeson moved to adopt Resolution No. 03-04 adopting a modified program for 40
Development District No. 1 and establishing TIF District No. 1-10. EDA Member O'Donnell 41
seconded the motion. 42
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EDA MINUTES AUGUST 11, 2003
DRAFT
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EDA Member Dahl asked for clarification that they are adding a district here and the next resolution 44
is eliminating one. Ms. Divine stated this is creating a TIF District, and the next is taking 2 parcels 45
that are in TIF District 1-9 and moving them to the new TIF District 1-10. 46
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Motion carried. EDA President Carlson and EDA Member Dahl opposed. 48
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CONSIDERATION OF RESOLUTION 03-05, MODIFYING TAX INCREMENT 50
FINANCING DISTRICT NO. 1-9 TO ELIMINATE TWO PARCELS FROM THE DISTRICT 51
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Ms. Divine summarized her report, indicating Staff is recommending adoption of Resolution No. 03-53
05 modifying Tax Increment Financing District No. 1-9 to eliminate two parcels from the District. 54
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EDA Member Dahl moved to adopt Resolution No. 03-05 modifying Tax Increment Financing 56
District No. 1-9 to eliminate two parcels from the District. EDA Member Bergeson seconded the 57
motion. Motion carried unanimously. 58
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EDA Member Dahl indicated on the Tax Increment District update it says LLBC. She asked what 60
that was. Ms. Divine indicated it is the Lino Lakes Business Center. EDA Member Dahl asked if the 61
City owns that property. Ms. Divine stated they do not. Mr. Fogerty purchased that property from the 62
city. 63
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ADJOURNMENT 65
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There being no further business, EDA Member O’Donnell moved to adjourn. EDA Member 67
Bergeson seconded the motion. Motion passed unanimously. 68
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Meeting adjourned at 6:21 p.m. 70
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Transcribed by: 78
Karen Whaley 79
TimeSaver Off Site Secretarial, Inc. 80
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