CC MINUTES 03121985 - Laserfiche WebLink

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1 -4- also recommended that the next Council meeting be scheduled for April 2nd. • Councilman Makowske indicated she would be unable to be in attendance that evening and suggested instead that the next meeting be held April 9th as set up in the annual calendar. It was finally agreed that the Council would schedule a short special meeting for April 2nd to take up several issues which the Manager stated would require immediate attention and the other matters would be deferred to April 9th when Councilman Makowske could be present. Mr. Childs reported meeting with Neil Hamlin of Garment Graphics within the last few weeks after the Manager had -learned the firm was considering moving out of their building at 3819 .Chandler Drive to New Brighton where they could find expan- sion space for 50 employees within the next four or five years and where there was a possibility New Brighton could get them Industrial Development Bonds for their expansion. Mr. Childs said Mr. Hamlin had also learned the Keebler Company would be moving away from their building in the office park based on the fact that the larger building would be available and he asked -whether it would -_be possible the City could get the IDB funds for the expansion at that location. The Manager also told the Council members that the Garment Graphics could be making as much as a two million dollar expansion and the City would certainly want to keep them here. He said with the restriction on IDB's, the funding pools are very competitive and the application must be made as soon as possible. Motion by Councilman Ranallo and seconded by Councilman Marks to authorize the City Manager to advertise that a public hearing on the preliminary resolution pertaining to the Industrial Development Bonds for Garment Graphics would be held by the City Council April 9, 1985. • Motion carried unanimously. Councilman Ranallo complimented the Manager on his quick action to prevent the loss of a growing firm from the village. Mr. Childs said it had been Wally Parkins, a local resident and bond counsel , who had moved quickly to investigate the possibility of IDB's for the project. He was instructed to express the Council 's gratitude to Mr. Parkins. The Mayor said another person who was spending a lot of time on the City's behalf was Dean Tollefson of the St. Anthony National Bank, with whom the Mayor had been working to find a high tech, low traffic/density purchaser of the Medtronics building. The Manager then reported the Springsted Company had advised him that the time might be right to call for the sale of tax increment bonds for the Kenzie Terrace and Walbon projects and Mr. Childs said if the bids for the bonds are advertised for the first week in April they could be let in early May. The deadline for a public hearing to approve the application Year XI Community Development Block Grant funds is April 5, 1985, according to the Manager. Motion by Councilman Marks and seconded by Councilman Enrooth to schedule a Special Council meeting for 7:00 P.M. , April 2, 1985, where the Council would con- sider the Year XI allocation for Community Development Block Grant funds and would call for bids for approximately $600,000 in Tax Increment Bonds for the Old Highway 8 Redevelopment Project and Phase 2A of the Kenzie Terrace Redevelopment Project (senior housing building). • Motion carried unanimously.