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Elk River City Council Meeting <br />January 27, 1997 <br /> <br />Page 2 <br /> <br />property and $42 per assessable front foot for commercial, industrial, and other <br />zonings. <br /> <br />COUNC:ILMEMBER DIETZ MOVED TO ADOPT RESOLUTION 97-8, A RESOLUTION <br />ESTABLISHING THE ASSESSMENT RATE FOR STREET RECONSTRUCTION IMPROVEMENT <br />PROJECTS. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />6.2, <br /> <br />Consider Resolution Receivin.q Feasibility Study and Orderinq a Public Hearin.q in <br />the Matter of the Lowell Avenue Improvement Project <br /> <br />COUNCILMEMBER DIETZ MOVED TO ADOPT RESOLUTION 97-9, A RESOLUTION <br />RECEIVING THE FEASIBILITY REPORT AND ORDERING A PUBLIC HEARING FOR MARCH <br />3, 1997, ON THE IMPROVEMENT IN THE MATrER OF THE LOWELL AVENUE <br />IMPROVEMENT OF 1997 TOGETHER WITH THE RESCINDING OF RESOLUTION 96-104. <br />COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />6.3. <br /> <br />Consider Resolution Determinin.q the Assessed Cost of Improvement and Orderin.q <br />Preparation of Proposed Assessment Roll in the Matter of the Lowell Avenue <br /> <br />6.4, <br /> <br />Improvement <br /> <br />COUNCILMEMBER FARBER MOVED TO ADOPT RESOLUTION 97-10, A RESOLUTION <br />DETERMINING ASSESSED COST OF THE LOWELL AVENUE IMPROVEMENT AND <br />ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN THE MATTER OF THE <br />LOWELL AVENUE IMPROVEMENT OF 1997. COUNCILMEMBER HOLMGREN <br />SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />Consider Resolution Determininq the Assessed Cost of Improvement and Orderinq <br /> <br />Preparation of Proposed Assessment Roll in the Matter of the Orono 3rd <br /> <br />o <br /> <br />Improvement <br /> <br />City Engineer Terry Maurer indicated that construction bids for the Orono Lake 3rd <br />Addition improvements were received and bid in con]unction with the Lowell <br />Street upgrade and Joplin Street reconstruction. Terry Maurer recommended <br />that the assessments for properties receiving only sanitary sewer and water <br />benefit be reduced from $7,500 to $7,275 and properties receiving sanitary sewer, <br />water, storm sewer, and street benefit be reduced from $12,500 to $12,150. He <br />indicated that the assessment hearing would be scheduled for March 3, 1997. <br /> <br />COUNCILMEMBER DIETZ MOVED TO ADOPT RESOLUTION 97-11, A RESOLUTION <br />DETERMINING ASSESSED COST OF IMPROVEMENT AND ORDERING PREPARATION OF <br />PROPOSED ASSESSMENT ROLL IN THE MA'FrER OF THE ORONO LAKE 3RD ADDITION <br />IMPROVEMENT OF 1997. COUNCILMEMBER THOMPSON SECONDED THE MOTION. <br />THE MOTION CARRIED 5-0. <br /> <br />Tax Increment Financinq District No. 1 6/Public Hearinq <br /> <br />Director of Economic Development Paul Steinman informed the Council that the <br />City Council is required to hold a public hearing to consider public review and <br />comment on the creation of Tax Increment Financing District No. 16. Paul <br />Steinman indicated that the HRA purchased three parcels of property at the <br />corner of King and Main in downtown Elk River with the anticipation of <br />demolishing the buildings and reselling the site. He further indicated that the <br /> <br /> <br />