Laserfiche WebLink
Mounds View City Council August 14, 2000 <br />Regular Meeting Page 13 <br />MOTION/SECOND: Marty/Thomason. To Waive the Reading and Approve First Reading of <br />Ordinance 663, an Ordinance Creating Language to Administer and Regulate Tattoo and Body <br />Piercing Establishment within the City of Mounds View. <br />Upon inquiry, Assistant City Attorney Vose advised there is no legal prohibition to consider first <br />reading while the public hearing is continued. <br />Council Member Stigney stated at the work session he had asked about including language to <br />require training, certification, or accreditation prior to opening such a business. He noted staff <br />will continue research on that issue and the language would be included prior to consideration of <br />second reading. <br />Ayes - 5 Nays - 0 Motion carried. <br />C. Public Hearing, Discussion and Consideration of Resolution 5455 Approving <br />Economic Development Project and Tax Increment Financing Amendments. <br />Mayor Coughlin opened the Public Hearing at 8:14 p.m. <br />Economic Development Coordinator Parrish explained that as indicated at the Council work <br />session, modification of the Mounds View Economic Development Project and Tax Increment <br />Financing Plans establishes the necessary framework to provide tax increment financing <br />assistance for the Mermaid's proposed hotel and banquet center expansion. He stated that the <br />anticipated level of assistance being negotiated with the developer is 90% of the available <br />increment over a period of 10.5 years or duration of the TIF district not to exceed $2 million to <br />$2.5 million. He stated that issue will be considered at a future meeting. <br />Economic Development Coordinator Parrish noted the letter outlining the "but for" requirements <br />of the legislation and need to articulate those findings. He stated those findings will be <br />quantified and articulated in terms of sources and uses of funds compared to anticipated levels of <br />income to define the rate of return at an upcoming meeting. He stated staff is in the process of <br />negotiating this agreement and requested input on the possibility of scheduling a work session <br />during the third week of September to consider this and the Mermaid development plans in <br />conjunction with their PUD application so the developer could place footings prior to frost <br />conditions. <br />There was no other public input. <br />Mayor Coughlin closed the Public Hearing at 8:18 p.m. <br />Dan Hall, representing the Mermaid, stated his family has had this property for 27 years and this <br />• idea for a banquet center started with him and his father about five years ago. He reviewed how <br />this concept developed and their decision to approach City staff about the availability of <br />assistance to put this type of project together to help with property acquisition and demolition. <br />Mr. Hall stated there has been a lot of progress and cooperation realized with the City Council <br />