12-08-1997 EDA MIN - Laserfiche WebLink

Home Browse Search

EDA Minutes December 8. 1997 Page 3 e 5 - 7 years. Paul noted a Development Agreement would be required which requires the developer lease to eligible recipients of tax increment as identified by State Statute. COMMISSIONER GONGOLL MOVED APPROVAL OF RESOLUTION 97-4, A RESOLUTION MODIFYING DEVELOPMENT DISTSRICT NO.1 AND ADOPTING THE DEVELOPMENT PROGRAM THEREFORE: AND ESTABLISHING WITHIN DEVELOPMENT DISTSRICT NO.1, TAX INCREMENT FINANCING DISTRICT NO. 17, AND ADOPTING THE RELATED TAX INCREMENT FINANCING PLAN THEREFOR. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 6-0. 6. Request City Council to Call for Public Hearina on April 6. 1998. to Establish Tax Increment Financina District #18. {Morrell Companiesl Commissioner Duitsman explained that the application by Morrell Companies indicates a requested tax increment subsidy of approximately $300.000. He indicated the City's interest in consideration of this request is to facilitate the relocation of Morrell Transfer from School Street and Jackson Avenue to their new site. Commissioner Duitsman questioned whether or not the closure of the existing operation can be tied into approval of Morrell's request. e President Dwyer indicated a verbal agreement has been made to vacate the present trucking operation. The Morells have indicated they plan to continue to operate the storage facility and possibly expand it. Commissioner Duitsman indicated he would like to see language included in the development agreement to clean up the property. Paul felt a development agreement would allow the flexibility to include stipulations regarding the present operation. Paul suggested a work session in January be added to the proposed scheduled to discuss/negotiate issues. COMMISSIONER THOMPSON MOVED TO REQUEST THE CITY COUNCIL TO CALL FOR A PUBLIC HEARING TO BE HELD ON APRIL 6, 1998 TO ESTABLISH TAX INCREMENT FINANCING DISTRICT NO. 18 (MORRELL COMPANIES). COMMISSIONER GONGOLL SECONDED THE MOTION. Terry Morrell indicated he supported holding a work session with the EDA and staff to discuss their project. President Dwyer suggested an agreement be included to ensure that when the trucking site is relocated. the existing site be cleaned up. Terry Morrell indicated cleaning up the site would be in their best interests for better marketability of the site. Terry Morrell stated he was not prepared to discuss a need for TIF for redevelopment of the Jackson and School Street site. He indicated the property will be sold. but the timing and redevelopment plan is not clear at this time. Mr. Morrell added they would like to expand mini storage and square off the property. e Commissioner Holgrem expressed his concern that all the "cottage" businesses at site (i.e., firewood. etc.) be relocated or discontinued.