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HomeMy WebLinkAbout01-07-97 • CITY OF LAKEVILLE ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES SPECIAL MEETING January 7, 1997 Members Present: Brantly, Detjen, Emond, Krejci, Matasosky, Pogatchnik, Tushie and Vogel Members Absent: None Also Present: Robert Erickson, City Administrator; Michael Sobota, Director of Community & Economic Development; Nicole Bennett, Economic Development Specialist. 1. Call to Order. Chair Brantly called the special meeting to order at 6:05 p.m. in the • Administration Conference Room at City Hall. 2. Review Proposed Modification to Redevelopment Project No. 1 (Central Business District), Modification No. 1 to TIF District No. 2 (Senior Citizen Housing) and Modification No. 2 to TIF District No. 3 (DKM (Holyoke) Professional Building). Mr. Sobota reviewed the proposed modifications to Redevelopment Project No. 1, District No. 2, and District No. 3. He noted that District No. 3 was originally created for the DKM (Holyoke) Professional Building downtown and the Arkel Housing Project. The Arkel housing project never materialized. Mr. Sobota stated that the proposed Modification No. 2 to the TIF District No. 3 budget would allow increment collected from the parcels directly north and west of City Hall to be used for potential redevelopment costs including land write down, infrastructure improvements, or the acquisition/demolition of the Budget Mart Building. Comm. Pogatchnik inquired if Budget Mart is a willing participant in the redevelopment project. Mr. Sobota stated that Budget Mart has expressed an interest in constructing a new convenience/gas operation with a car wash predicated on being the only convenience/gas facility in "Town Square". Mr. Erickson stated that there is a need for an additional NURP pond to serve the "Town Square" development area. This corner is a potential site for the pond due to aesthetic and engineering benefits. He noted that location of the pond on the corner • would free up more valuable land for commercial development within "Town Square". Economic Development Commission January 7, 1997 Meeting Minutes Page 2 Mr. Sobota reviewed proposed Modification No. 1 to TIF District No. 2. He noted that the increment for this district is generated from the Fairfield Terrace Apartments. He noted that the proposed modification to the district plan would allow for future acquisition of two residential properties located south of the senior citizen center to allow for potential future development of a senior housing project similar to Fairfield Terrace. Mr. Erickson noted that this project would be at least five yeazs out, but the modifications to the TIF District would need to be made now to provide for such potential redevelopment. Mr. Sobota noted that the existing senior center could serve as a potential common area connecting to a new senior housing project. He noted that the existing senior center will eventually need additional space, and construction of a new center would allow for anticipated growth. Mr. Sobota stated that staff is recommending approval of the proposed modifications to Redevelopment Project No. 1, Modification No. 1 to TIF District No. 2, and Modification No. 2 to TIF District No. 3. 97.01 MOTION: Comms. Tushie/Pogatchnik moved to recommend approval of the proposed modification to Redevelopment Project No. 1 (Central Business District), Modification No. 1 to TIF District No. 2 (Senior Citizen Housing), and Modification No. 2 to TIF District No. 3 (DKM (Holyoke) Professional Building) to the City Council. Motion carried unanimously. • 3. Election of 1997 Officers: Chair, Vice Chair, and Secretary. Chair Brantly/Comm. Pogatchnik moved to nominate Bob Vogel for Chair. Comms. Pogatchnik/Vogel moved to nominate Joan Krejci for Secretary. Comms. Emond/Pogatchnik moved to nominate lack Matasosky for Vice Chair. 97.02 MOTION: Comms. Emond/Pogatchnikrnoved to cast a unanimous ballot for Bob Vogel as Chair, Joan Krejci as Secretary, and Jack Matasosky as Vice Chair. Motion carried unanimously. 4. Adjournment. The meeting was adjourned at 6:30 p.m. Respectfully submitted: ATTEST TO: j r C ico E. Bennett, Recording Secretary JTban Krejci, Sect`et c:\winward\edc\ 1997mtgs\0128mtg1mn010797. doc •