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CITY OF LINO LAKES <br />ECONOMIC DEVELOPMENT AUTHORITY <br />MINUTES <br />DATE: Monday, December 14, 1998 <br />MEMBERS <br />PRESENT: K. Sullivan, J. Bergeson, C. Dahl, C. Lyden, A. Neal <br />MEMBERS <br />ABSENT: <br />OTHERS <br />PRESENT: Brian Wessel, Mary Divine, Mark Ruff, Shelly Eldridge <br />CONSIDERATION OF MINUTES <br />EDA Member Neal moved to approve the minutes from the October 26, 1998 EDA <br />meeting. EDA Member Dahl seconded the motion. Motion passed unanimously. <br />CONSIDERATION OF RESOLUTION NO. 98-06 APPROVING A PLAN TO <br />MODIFY DEVELOPMENT DISTRICT NO. 1 AND TO ESTABLISH TAX <br />INCREMENT FINANCING DISTRICT NO. 1-9 <br />Mr. Wessel explained to the Authority that the city had a request for tax increment <br />financing from businesses interested in locating in Apollo Business Center. This resolution <br />approves the modification of Development District No. 1 to delete the remaining G.M. <br />Development parcels, the Hawkins Chemical site and the Rehbein business park parcels <br />from TIF District No. 1-7, and to reconstitute them into a new TIF District No. 1-9. <br />Additional parcels that were in TIF District -No. 1-7 that were unlikely to develop as light <br />industrial uses were removed from the district altogether. The only parcels remaining in <br />1-7 had businesses with development agreements with the city. <br />Ms. Divine explained that two developers have plans for construction. H&L Mesabi was <br />considering three acres its facility, and Lino Lakes Business Center is planning to purchase <br />the six -acre Hawkins Chemical site for three leasable buildings. <br />EDA Member Lyden said he was -against -light industrial zoning for the Glenn Rehbein site <br />and it should be zoned for commercial. Mr. Wessel responded that during the <br />comprehensive planning process it -was -believed that there was enough commercial on the <br />interchange and -additional would -cause further traffic issues. This business park has a <br />campus type setting and should attract good businesses. Mr. Lyden disagreed that more <br />commercial would increase the traffic, since -the -interchange was already planned for <br />commercial. <br />