04-06-1992 CC MIN - Laserfiche WebLink

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. . . City Council Minutes April 6, 1992 Page 3 Mayor Tra1le indicated that the amendments to the TIF plans consisted of paying for public redevelopment costs associated with a proposed redevelopment project at 307 Main street and the acquisition of property located between the Elk River Golf Course and the Woodland Trails Park. Mayor Tralle stated that the Planning modifications to the Tax Increment No. 3 and indicated that there were proposed modifications to the TIF Plan. Commission reviewed the proposed Financing Plan Districts No. 1 and no inconsistencies between the plans in the City's Comprehensive Although this was not a public hearing, Gary Santwire spoke on behalf of REP, Ltd of Elk River, Linda and Russ Norha, and David and Mary Lou Decker. Mr. Santwire stated his objection to the TIF amendment for 307 Main street and felt the project was not a proper use of TIF funds. Gary Santwire stated that competitiveness should be considered when using TIF funds. He stated that the proposed redevelopment was in a competitive field and TIF funds were not necessary. Gary Santwire requested the Council to table a decision until his clients could respond in writing. Pat Klaers stated that the City Council looked at alternatives to the redevelopment project. The cost effectiveness of creating a new TIF district was evaluated. It was determined that it would be more cost effective to use funds from an existing TIF district. Councilmember Kropuenske indicated that Santwire's concern regarding competitiveness must also consider the growth of Elk River there is merit to the proposed redevelopment although he shares Gary in the developer field he and urban renewal. He felt project. COUNCILMEMBER SCHULDT MOVED TO ADOPT RESOLUTION 92-21, A RESOLUTION APPROVING THE MODIFICATION OF THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NO. 1 AND NO.3, AND DIRECTING CITY STAFF TO IMPLEMENT THE MODIFICATION OF TAX INCREMENT FINANCING PLANS NO. 1 AND NO.3. COUNCILMEMBER KROPUENSKE SECONDED THE MOTION. Councilmember Dietz indicated that the purchase of the land located near Woodland Trails Park was not necessary and that this was not a good use of City funds. Mayor Tralle indicated he was comfortable with the purchase of land but less comfortable with expenditure of funds redevelopment project. the for park the Councilmember Holmgren stated that he was in agreement land should be purchased but had reservations regarding funds for this particular redevelopment project. that the park the use of TIF Councilmember Schuldt stated that the pros outweigh the cons for the use of TIF funds for the redevelopment project. THE MOTION CARRIED 4-1. COUNCILMEMBER DIETZ OPPOSED.