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<br /> <br />Item # 6.1. & B.2. <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />Mayor and City Council <br /> <br />Michele MCPherso~ector of Planning <br /> <br />DATE: <br /> <br />September 6, 2005 <br /> <br />SUBJECT: <br /> <br />1) Consider Redevelopment Program for Redevelopment <br />District No.1, Sherburne County <br />2) Consider Project Plan for Target Technology Center, <br />Sherburne County <br /> <br />Request <br /> <br />TIle City Council is asked to consider, on bellalf of Sllerburne County, dle rede\Telopment <br />program for Rede\TeloplTIent District No.1, and tlle project plan for Target Tecllnology <br />Center. <br /> <br />Attachments <br /> <br />. .L'\ugust 8, 2005 IvIelno froln Sllerburne County -L'\ttorney I(adlY Heaney <br />. Resolution No. 05 - <br />. Description, Rede"velopment Program for Rede\ielopment District No. 1 <br />. Description, Project Plan for Target Tecllnology Center <br /> <br />.L'\s tlle Council is a\vare, Sllerburne County purcllased tlle 76-acre Elk Patll Business Center <br />late in 2004. TIle County l1as entered into discussions \vitll Target Corporation for purcIlase <br />of approxitnately 25 acres in order to construct a second Target Tecllnology Center on a <br />portion of tlle property. Subdi'Tiding t11e property and rev"ie\ving tlle site plan for tlle <br />Technology Center are tlle follo\ving nvo itelns on tllls e,rening's agenda. <br /> <br />III order for Sllerburne County to enter into a contract for tlle sale of tile property to a <br />specific buyer, tlle land lTIUst be transferred to tile Sllerburne County H~\, \vl10 may tllen <br />appro\Te a rede'TeloPlnent progralTI and project plan for sale of tlle land to a specific entity. <br />Tl1ese actiol1s \vill not create a tax increlnent financing district, but are tile legal mecl1anisln <br />\vitbin \vlucll tlle County can acllie'le its objecti\Tes of selling the site to a specific party. <br /> <br />Planning Department Mission: the orderly development of a livable and sustainable Elk River community. <br />