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City Council Minutes <br />November 21, 2005 <br />Page 2 <br />HRA WITH A TERM EXPIRATION OF DECEMBER 31,2010; AND <br />ANNE SHCROEDER TO THE LIBRARY BOARD WITH A TERM <br />EXPIRATION OF DECEMBER 31, 2008. <br />3.7. SPECIAL ASSESSMENT REAPPORTIONMENTS AS OUTLINED IN <br />THE STAFF REPORT. <br />MOTION CARRIED 5-0. <br />�iT=t41131 <br />No one appeared for Open Mike. <br />5.1. Resolution Authorizing Execution of a Tao Abatement and Business Subsidv Agreement for <br />Quality Label. Inc. Public Hearin¢ <br />Ms. Mehelich stated Quality Label, Inc. has requested a property tax abatement in the <br />amount of $133,947 from the city for a pay-as-you-go Tax Rebate Financing (IRF) note <br />with the company receiving 100% of the annual TRF for a maximum of 10 years. She stated <br />a requirement of the financial assistance will be a commitment from Quality Label, Inc. for <br />the creation of new jobs within 2 years. <br />Mayor Klinzing opened the public hearing. <br />John Jacobs and Chad Johnson, owners of Quality Label, Inc. -Introduced themselves. <br />Mayor Klinzing dosed the public heating. <br />MOVED BY COUNCILMEMBER FARBER AND SECONDED BY <br />COUNCILMEMBER GUMPHREY TO ADOPT RESOLUTION 05-122 <br />AUTHORIZING EXECUTION OF A TAX ABATEMENT AND BUSINESS <br />SUBSIDY AGREEMENT. MOTION CARRIED 5-0. <br />Mayor Klinzing welcomed Quality Label, Inc. to the Elk River community. <br />5.2. Downtown Traffic Control <br />Chief Beahen stated the "No Left Turn Between 3-6 p.m." signs from north Parrish Avenue <br />onto Westbound Main Street have been removed. He stated enforcing the signage has been <br />difficult and the signs are not at the required height. He stated the Police Department <br />initiated heavy enforcement of the signs for a couple of weeks and that for every car pulled <br />over and ticketed, two to four times as many would drive by after making the illegal rum. He <br />stated the signs were installed due to safety concerns with the view through the construction <br />fencing for the downtown revitalization project. Chief Beahen stated that due to high traffic <br />congestion in this area vehicles are forced to automatically slow down. <br />Discussion was held on other possible safety solutions. <br />6.1. Resolution to Vacate a Portion of Vernon Street Requested by Bill Houlton Public <br />Hearing -Case Into. EV O5 -I1 <br />1 <br />Mr. Hazlicker stated the applicant would like to vacate a portion of Right -of -Way (RO\ti) on <br />Vernon Street. He stated the applicant has a driveway easement over the ROW. <br />