HomeMy WebLinkAbout1995-043 Council ResolutionCouncil Member
Elliott
and moved its adoption:
introduced the following resolution
CITY OF LINO LAKES
RESOLUTION NO. 95-43
RESOLUTION REAFFIRMING COUNCIL SUPPORT
OF ECONOMIC DEVELOPMENT POLICY
WHEREAS, in 1993 the Lino Lakes City Council determined that there was a need to
increase the tax base of the community; and
WHEREAS, the City Council endorses the policies set out by the Economic
Development Authority Advisory Board as necessary for the development of a
diversified commercial and industrial tax base; and,
WHEREAS, In recent months a number of requests have come before the Economic
Development staff and Economic Development Advisory Board to consider changing
industrial and commercial zoned land to a lesser zoning classification; and
WHEREAS, Removing such industrial and commercial zoning would create a
significant disadvantage for the City of Lino Lakes economic development effort for
the following reasons:
1. The economic development effort to provide tax diversity and relieve the tax
burden for the residents of Lino Lakes is a high priority.
2. Assuming a market rate in the range of $1.25 to $1.50 per square foot, a
midsize light industrial project (80,000 SF) would generate a minimum of $200,000
annual tax revenues. Residential use of the site would generate less than 1/3 of the
tax revenue, and public use would generate no revenue. Commercial/industrial use of
land currently zoned for such use is the most efficient use of the land and produces
the greatest potential value/tax leverage.
3. Existing zoning in Lino Lakes designates 1,025 acres (4.8% of land total) as
commercial/industrial. Approximately 30% is estimated to be wetland, leaving a net
of approximately 700 developable commercial/industrial acres. Accepted planning
guidelines for land use for a community the size of Lino Lakes are 10% light industrial
and 5% commercially zoned land. Consequently, the city has presently about 1/4 of
what is considered adequate land for future light industrial development.
NOW THEREFORE, BE IT RESOLVED, the City Council of Lino Lakes reaffirms its
support of economic development policy to preserve the remaining land currently
zoned for commercial/industrial use within the city and would consider downzoning
commercial/industrial land only when special conditions make it appropriate, or when
an equitable exchange could be negotiated.
Dated: April 10, 1995
ATTEST:
(7_<1 CC,Vt-
Randall Schumacher, City Administrator
Vernon Reinert, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by
member Neal and upon vote being taken thereon, the following
voted in favor thereof: Bergerson, Elliott, Kuether, Neal, Reinert.
and the following voted against same None
Whereupon said resolution was declared duly passed and adopted.