10/04/2001 EDAC Minutes - Laserfiche WebLink

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1 APPROVED CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: Thursday, October 4, 2001 MEMBERS PRESENT: H. Juni, K. Hansmann, R. Jensen, D. Gorowsky, T. Vacha, J. Schwartz, J. Milbauer MEMBERS ABSENT: F. Chase, B. Hicks OTHERS PRESENT: D. Carlson, M. Divine, M. Grochala GENERAL/MINUTES Due to F. Chase’s absence, Vice Chair Gorowsky chaired the meeting. Minutes were approved with corrections. COMMUNITY SERVICE AWARD Ms. Divine informed the board that three candidates all received awards this year: John Sullivan, outgoing chair of the Charter Commission and active in Earth Day; George Lindy, a long-time Park Board member; and Andy Cardinal, past council and P&Z member, also on the board of the Rice Creek Watershed District. MARKETPLACE DEVELOPMENT Ms. Divine updated the committee regarding the Target/Kohl’s tax abatement. Council voted in favor of a $519,300 abatement, or a maximum of five years, whichever came first. A waiver of $105,000 in surface water management fees was also approved. The subsidy will be divided between the parties based on the square footage of the two projects. Ms. Carlson corrected Ms. Divine’s error regarding the council vote. The tax abatement vote was 4 to 1, with Councilmember Dahl voting no, and the waiver of fees was a 3 to 2 vote, with Councilmembers Dahl and Carlson voting no. Mr. Gorowsky questioned if the lower abatement had an impact on the project. Mr. Grochala stated that the project is moving forward. They had held firm with their earlier request for subsidy, but recognized it would not be adopted. Site preparation should begin in September and Target is still anticipating to open July 2002, although all the contingency time is gone. Kohl’s is looking at a fall 2002 opening.