12-22-1997 CC MIN - Laserfiche WebLink

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City Council Minutes December 22, 1997 Page 2 COUNClLMEMBER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 4-0. 4.1. Consider Purchase Aqreement with Country Rid.qe, Inc. Director of Economic Development Paul Steinman reviewed this issue. He explained that the issue pertains to the use of $198,769 of excess tax increment in District No. 5. Paul indicated that the city is proposing to use the funds to purchase a 4.4 acre parcel of property from Country Ridge, Inc., in the Elk River West Business Park. He further explained that if there are funds remaining following the land transaction, they are required to be returned to the county as undesignated excess tax increment dollars. Paul Steinman indicated that the EDA has unanimously voted in support of using these funds for the land purchase. COUNCILMEMBER THOMPSON MOVED TO APPROVE AN EXPENDITURE OF UP TO $198,769 IN EXCESS TAX INCREMENT DOLLARS FROM TAX IN~_,REMENT FINANCING DISTRICT NO. 5 FOR THE PURCHASE OF APPROXIMATELY 4.4 ACRES FROM COUNTRY RIDGE, INC. IN THE ELK RIVER WEST BUSINESS PARK AND THAT UPON CLOSING OF THE TRANSACTION, THE PROPERTY BE TRANSFERRED FROM THE CITY TO THE ECONOMIC DEVELOPMENT AUTHORITY. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 4-0. (Councilmember Farber arrived at this time) 4.2. Consider Resolution Requestin.q Grant Funds for Park and Recreation Projects Community Recreation Director Jeff Asfahl stated that the Minnesota Amateur Sports Commission has recently introduced a grant program aimed at enhancing recreational opportunities and fa,z:.lities for youth. He stated that the Park and Recreation Commission recommended that he request funds from the MASC for skate~ark development in the amount of $5,000, and construction of a concession/shelter building at the new youth athletic sports complex in the amount of $20,000. Jeff indicated that the request of $5,000 for the skatepark would require a match from the city of $2,500, and the $20,000 grant request for the concession/shelter building would require a $20,000 match of a combination of cash and in-kind capital contributions from the city. COUNCILMEMBER DIETZ MOVED TO ADOPT RESOLUTION 97-131 REQUESTING M.A.S.C. MIGHTY KIDS GRANT FUNDING FOR THE DEVELOPMENT OF A CONCESSION/SHELTER AT THE YOUTH SPORTS COMPLEX. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER FARBER MOVED TO ADOPT RESOLUTION 97-132 REQUESTING M.A.S.C. MIGHTY KIDS GRANT FUNDING/'OR THE DEVELOPMENT OF A SKATEPARK. COUNCILMEMBER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4.3. Bud,qet Amendments Assistant City Administrator Lori Johnson distributed a 1997 budget amendment summary sheet. She reviewed the revenue and expenditure amendments. She