HomeMy WebLinkAbout02-04-19CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
FEBRUARY 4, 2019
Chair Wheeler called the meeting to order at 6:55 p.m. in the Council Chambers at City Hall.
Members present: Commissioners Volk, Anderson, Wheeler, Hellier and Lee
Staff present: Justin Miller, Executive Director; David Olson, Community & Economic
Development Director; Charlene Friedges, City Clerk
Item 2
Motion was made by Hellier, seconded by Volk, to approve minutes of the January 7, 2019
H.R.A. meeting.
Voice vote was taken on the motion. Ayes - unanimous
Item 3
Mr. Olson presented a resolution approving the establishment of Tax Increment Financing
District No. 24 within Airlake Redevelopment Project No.1 and approving a Tax Increment
Financing Plan for QA1 Precision Products, Inc. The company plans to build a 100,000 square
foot manufacturing facility in Interstate South Logistics Park. The project will result in the
retention of an existing business with 95 employees, the creation of a minimum of 19 new
full-time jobs and will result in $6 million in new tax base, which is consistent with the City's
TIF and Business Subsidy policies.
Motion was made by Lee, seconded by Anderson, to approve Resolution No. 19-01 approving
the establishment of a Tax Increment Financing District within Airlake Redevelopment Project
No.1 and approving a Tax Increment Financing Plan therefor.
Roll call was taken on the motion. Ayes - Anderson, Wheeler, Hellier, Lee, Volk
There being no further business, Chair Wheeler adjourned the meeting at 7:02 p.m.
Respectfully submitted,
Charlene Friedges, City CI
Brian Wheeler, Chair