HomeMy WebLinkAbout02-28-89 CITY OF LAKEVILLE
ECONOMIC DEVELOPMENT COMMISSION MEETING
' FEBRUARY 28, 1989
The meeting was called to order by acting chairman Emond at 7:00
p.m. in the City Hall conference room.
Members present: Emond, Erickson, Leslie, Matasosky, Meledandri
Also present was Daryl Morey, Assistant. Community Development
Director, Walter Hartman, Dan Nelson of Holmes and Graven,
Nick Boosalis of Sherman-Boosalis and John Ruggeri
of G1enEagles golf plan.
The developers presented the G1enEagles Planned Unit Development
concept plan. The concept plan consists of two phases. The
first phase consists of 326 acres of land located on the east
side of Dodd Boulevard, north of Highway 50. The concept plan
consists of an 18 hole championship golf course modeled after
G1enEagles Golf Course in Scottland, executive single family
detached homes, owner occupied townhomes, moderately priced
single family detached homes, zero lot line housing, rental
apartments, office and retail buildings.
The developers also presented to the Commission their proposal
for a "pay as you go" tax increment financing program.
Walt Hartman stated that a 25 year housing tax increment district
and an 8 year economic district could be created for this
proposal.
Commission members asked specific questions regarding elements of
the concept plan and tax increment financing proposal.
Commission members discussed with Walt Hartman the merits of the
G1enEagles tax increment financing proposal. The negative image
of a failed business and its effect on the City was discussed in
case the proposed golf course and/or residential/commercial
development is not completed. If that happens, the City may end
up owning the golf course.
Walt Hartman felt that a tax increment financing policy is put in
place to keep out projects that a City does not want. He also
stated that we must ask ourselves the following three questions:
1. Do you want a golf course in Lakeville?
2. Do you want to subsidize it?
3. How much do you want to subsidize?
Commission members agreed that they did not have enough
information to make a recommendation to the City Council on this
proposal.
•
ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES
FEBRUARY 28, 1989
• 89.03 Motion was made by Meledandri, seconded by Matasosky to table
the G1enEagles tax increment financing proposal in order to get
more specific information from the developer and City staff
regarding this proposal.
Roll call was taken on the motion. Ayes: Unanimous.
89.04 Motion was made by Erickson, seconded by Matososky to table
discussion of the proposed Lakeville Tax Increment Financing
Policy in order to get more specific information.
Roll call was taken on the motion. Ayes: Unanimous.
It was recommended that Walt Hartman be placed on the March
meeting agenda to give a background of how tax increment
financing works.
89.05 Motion was made by Meledandri, seconded by Matasosky to adjourn
the meeting.
Roll call was taken on the motion. Ayes: Unanimous.
Time: 10:45 p.m.
Respectfully submitted:
~
Daryl M ey ~
Assista Communitfl* y9evelopment Director
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