07-27-1998 EDA Minutes - Laserfiche WebLink

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CITY OF LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MINUTES DATE: Monday, July 27, 1998 MEMBERS PRESENT: C. Lyden, C. Dahl, K. Sullivan, J. Bergeson, A. Neal MEMBERS ABSENT: None OTHERS PRESENT: Brian Wessel, Mary Divine, Bill Hawkins, Dave Ahrens CONSIDERATION OF MINUTES EDA Member Dahl moved to approve the minutes from the June 22, 1998 EDA meeting. EDA Member Lyden seconded the motion. Motion passed unanimously. CONSIDERATION OF RESOLUTION NO. 98-03 AUTHORIZING EMINENT DOMAIN PROCEEDINGS, HIGHWAY 49/23 PROJECT Mr. Wessel explained this action authorized the use of eminent domain to obtain property on the southeast quadrant of the intersection of Lake Drive and Hodgson Road for economic development purposes. Staff has been negotiating with the property owner regarding special assessments to the parcel. The parcel will be combined with excess Anoka County right of way. Mr. Hawkins said the parcel is being surveyed and will be approximately four developable acres. Mr. Ahrens explained the county indicated it would grant an access to the Reiling parcel, but that is not included in this action. The county will give the city a document stating it is turning over the right of way. Mr. Hawkins said the increased value of the property will be equal or greater than the assessments. The trial has been continued, and he will continue negotiations with Mr. Reiling. EDA Member Lyden moved to approve Resolution No. 98-03. EDA Member Neal seconded the motion. Motion passed unanimously. DEVELOPMENT PROPOSAL, JADT DEVELOPMENT GROUP Mr. Wessel explained this item would be delayed until Aug. 10, 1998. As a part of the 20/20 Vision recommendation, a commercial development consultant, Mike Mulrooney of Advance Resources, has been retained to determine what appropriate incentives, if any, might be available for the shopping center development. Tax increment financing is not available. Due to a family illness, Mr. Mulrooney is not available. The members agreed to remove the item from the agenda.