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<br />. <br /> <br />. <br /> <br />. <br /> <br />Planning Commission Minutes <br />May 28, 1996 <br /> <br />Page 2 <br /> <br /> <br />Pat Klaers, City Administrator reported McChesney Cabinets is a manufacturer of <br />custom cabinets and countertops and specialty wood items. The company <br />seeks approximately $35,000 in TIF assistance to support the construction of an <br />approximately 10,000 square foot facility on Lot 9. Tax increment funds will be <br />used to write down the value of this lot on a pay-as-you-go basis. With this <br />project. McChesney Cabinets will go from a 3,000 square foot facility to a 5,000 <br />square foot facility. The balance of the facility will be leased out to another <br />local company, Winelectric, for its expansion. With this project, McChesney <br />Cabinets will add two new employees over the next three years. McChesney <br />Cabinets currently has two employees. Additionally, it is anticipated that <br />Winlectric will be adding another employee with their expansion. Overall this <br />project adds 10,000 square feet of industrial space in the community and adds <br />another few employees, plus the spin-off benefit of another company <br />expanding into the space that McChesney Cabinets and Winlectric currently <br />occupies. <br /> <br />To support the request for assistance, the EDA proposes to create an economic <br />development TIF District. New property taxes generated by the 10,000 square <br />foot facility will be captured by the city/EDA in order to pay back the $35,000 TIF <br />grant. It is estimated that the McChesney TIF District will last approximately five <br />years. New property taxes, or the increment. will be collected for four years. <br /> <br />COMMISSIONER MINTON MOVED THE PLANNING COMMISSION RECOMMEND <br />APPROVAL OF RESOLUTION 96-3. A RESOLUTION OF THE ELK RIVER PLANNING <br />COMMISSION FINDING THE ECONOMIC DEVELOPMENT AUTHORITY'S TAX <br />INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 15 <br />LOCATED WITHIN DEVELOPMENT DISTRICT NO.1 TO BE CONSISTENT WITH THE <br />COMPREHENSIVE PLAN FOR THE CITY OF ELK RIVER. COMMISSIONER KUESTER <br />SECONDED THE MOTION. THE MOTION CARRIED 4-0. <br /> <br />...........",."........."..._-..-..."".."""............ ... ...., .. .......... . .. ........"",......""............... <br />..5,.1<..... .@C>lJhtrY....RiiJqe,....lng/R~9liestf()r..PrelilTlin~~...PI(Jt..~t)Rr~\l(Jl.lC:()~f1frY~r()ssing...3ro <br />...Addi'tidhl,..P\J6Iic...Aedrlna..Cd.se...No.P~96f2-.ContN::I..tb..6125196.MeetlnQ.H............. . <br /> <br />COMMISSIONER KUESTER MOVED TO TABLE THE PRELIMINARY PLAT REQUEST BY <br />COUNTY RIDGE PARTNERSHIP, PUBLIC HEARING CASE NO. P. 96-2, TO THE JUNE 25, <br />1996 PLANNING COMMISSION MEETING. COMMISSIONER MINTON SECONDED <br />THE MOTION. THE MOTION CARRIED 4-0. <br /> <br />5,29itY~f~I~Riy~r~~C}\Jesff~rZ()h~9fltti6B~frC)fnRl(jf6g1'f'6bI19H~H9QBse <br />.......................Nbtz@..9641Q.tConfiduedfrom.4123/96iPlannino..Commlssioner..Meetinril...... . <br /> <br />Staff report by Scott Harlicker. Scott handed out the suggested definition of <br />agribusiness. Scott will draft an amendment to the zoning code addressing <br />"agri-business" as a new use and present to the Planning Commission in June. <br /> <br />COMMISSIONER MINTON MOVED THE PLANNING COMMISSION RECOMMEND TO <br />TABLE TO THE JUNE 25, 1996 PLANNING COMMISSION MEETING. COMMISSIONER <br />SULLIVAN SECONDED THE MOTION. THE MOTION CARRIED 4-0. <br />