06-19-2017 CCM - Laserfiche WebLink

Home Browse Search

City Council Minutes Page 3 June 19, 2017 ---------------------------- 6.2 Comprehensive Annual Financial Report for Year Ended December 31, 2016 Ms. Ziemer introduced Lucas Chase and Michelle Hoffman, representatives from CliftonLarsonAllen. Ms. Ziemer thanked city staff for their work throughout the year. Ms. Hoffman provided an overview of the audit. There were no internal control or legal findings. She stated the city will need to monitor the garbage fund because the change in fund balance and operating cash flows are in the negative. Moved by Councilmember Wagner and seconded by Councihnember Ovall to accept the Comprehensive Annual Financial Report for the City of Elk River for the year ended December 31, 2016. Motion carried 5-0. 7.1. Simple Plat: John Lenz, Elk River Screw Job Mr. Leeseberg presented Mr. Cathon's staff report. Mayor Dietz opened the public hearing, there being no one to speak to this issue, Mayor Dietz continued the public hearing to July 17, 2017. Moved by Councilmember Olsen and seconded by Councihnember Westgaard to continue the public hearing to July 17, 2017. Motion carried 5-0. 7.2 Beaudry Oil/Truck Shop — 620 Quinn Avenue and 623 Proctor Avenue A. Zone Change from C4 (Community Commercial) to 12 (Medium Industrial) B. Conditional Use Permit to Establish Truck Storage Maintenance and Repair Facility C. Preliminary and Final Plan for New Resources Addition Mr. Leeseberg presented the staff report for all three applications. He noted if Council denies the zone change they also have to deny the conditional use pemait because the business would not be a permitted use in the C4 District. Ms. Othoudt discussed project financing. She stated, as part of the Master Plan, they are considering creation of a Tax Increment Financing District (TIF). She stated the TIF District would help create revenue in order to acquire and demo properties for new development. She stated, as part of the Master Plan, the maintenance facility could shift to the north and Proctor Avenue could be connected to Quinn Avenue, which would create better access for the properties located on 6a' Street. She noted the revenue generated will not be enough to cover all the costs associated with acquisition, demolition, and site preparation. She stated three different funding sources would be utilized: Storm Water Fund, Street Improvement Fund, and Pavement Management Fund. She noted the revenue generated from the TIF District would be allocated back into these funds. She stated the District can't torIel® et NATURE