HomeMy WebLinkAbout2001-105 Council ResolutionCouncilmember Dahl introduced the following resolution and moved
its adoption:
LINO LAKES CITY COUNCIL
RESOLUTION NO. 01-105
RESOLUTION ADOPTING TAX ABATEMENT POLICY
WHEREAS, Minnesota Statutes, Sections 469.1812 through 469.1815 (the "Statutes")
allows the governing body of a political subdivision to grant an abatement of the taxes
imposed by the political subdivision on a parcel of property; and
WHEREAS, The City Council of the City of Lino Lakes (the "City") has determined that
it is appropriate to consider tax abatement when it is in the public interest because it will
1) increase or preserve the tax base: 2) provide employment opportunities in the political
subdivision; 3) provide or help acquire or construct public facilities: 4) help redevelop or
renew blighted areas: or 5) help provide access to services for residents of the political
subdivision, pursuant to the Statutes.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota, that the Tax Abatement Policy, contained in Exhibit A of this resolution, is
hereby approved, ratified, established, and adopted and shall be placed on file at the City
Hall.
Dated: July 23, 2001
Ma or
ATTEST:
Cle-Tr;asurer
The motion for the adoption of the foregoing resolution was duly seconded . y member
O'Donnell
and upon vote being taken thereon, the following voted in favor
thereof: Bergeson, Carlson, Dahl, Reinert and O'Donnell
and the following voted against same: None.
Whereupon said resolution was declared duly passed and adopted.
_ AGENDA ITEM 3B-2
STAFF ORIGINATOR: Al Rolek
DATE: 7/23/01
TOPIC: Resolution No. 01-105 adopting the City of Lino
Lakes Tax Abatement Policy
BACKGROUND:
This resolution establishes that the city developed objectives for the use of tax
abatement, which include providing assistance to the Town Center, increasing
the number and diversity of jobs, enhancing the tax base, or encouraging spin-off
development.
Policies for the use of tax abatement include developer responsibilities for
demonstrating an ability to complete the project, providing cash equity
investment, and that the project would not happen without financial assistance.
Attached are EDAC recommendations for language changes for Council
consideration.
OPTIONS:
1. Adopt Resolution No. 01-105
2. Do not adopt Resolution No. 01-105
3. Return to staff for further consideration
RECOMMENDATION:
Option 1
Memorandum
To: Mayor and Council
From: Mary Divine
Date: 7/16/01
Re: EDAC recommendations on Tax Abatement Policy
cc:
EDAC is recommending the following minor corrections and clarifications to the draft
Lino Lakes Tax Abatement Policy:
IV. Policies for the Use of Tax Abatement,
• Letter e: Change wording to "Tax Abatement may not be utilized in
cases where it would create an unfair and significant competitive
financial advantage over other projects and/or existing businesses in
the area.
• Letter f: Change to "Tax Abatement may not be used for projects...."
V. Project Qualifications, Section. b., second bullet:
Change the wording to read "Commercial or industrial development, expansion,
redevelopment, or rehabilitation."
VII. Application Process for Tax Abatement, Section B: Change to "It is recommended
that applicants intending to seek Tax Abatement from the affected county or school
district..."