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<br />City Councillvllnutes <br />November 21, 2005 <br /> <br />Page 2 <br /> <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 /> <br />MOTION CARRIED 5-0. <br /> <br />4. Open :Mike <br /> <br />Noone appeared for Open 1:v1ike. <br /> <br />5.1. Resolution Authorizing Execution of a Tax _Abatement and Business Subsidy _Agreement for <br />Quality Label Inc. Public Hearing <br /> <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 (TRF) note <br />\vith the company receiving 1000/0 of the annual TRF for a maximum of 10 years. She stated <br />a requirement of the financial assistance \vill be a commitment from Quality Label, Inc. for <br />the creation of ne\v jobs \vithin 2 years. <br /> <br />Mayor I<linzing opened the public hearing. <br /> <br />John Jacobs and Chad Johnson, owners of Quality Label, Inc.-Introduced themselves. <br /> <br />Mayor I<Jinzing closed the public hearing. <br /> <br />MOVED BY COIJNCILMEMBER 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 /> <br />Mayor I<linzing \velcomed Quality Label, Inc. to the Elk River community. <br /> <br />5.2. Downtown Traffic Control <br /> <br />Chief Beahen stated the "No Left Turn Benveen 3-6 p.m." signs from north Parrish .L!\venue <br />onto ""V;lestbound l\1ain 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 turn. He <br />stated the signs "\vere installed due to safety concerns \Vi.th the vie\v through the construction <br />fencing for the do\vntow~ revitalization project. Chief Beahen stated that due to high traffic <br />congestion in this area vehicles are forced to automatically slow do\vn. <br /> <br />Discussion was held on other possible safety solutions. <br /> <br />6.1. Resolution to Vacate a Portion of Vernon Street~ Requested by Bill Houlton. Public <br />Hearing-Case No. EV 05-11 <br /> <br />:Mr. Harlicker stated the applicant \vould like to vacate a portion of Right-of- \Vay (RO\X0 on <br />Vernon Street. He stated the applicant has a drive\vay easement over the RO\v. <br />