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HomeMy WebLinkAbout11-28-89 • CITY OF LAKEVILLE ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES NOVEMBER 28, 1989 The meeting was called to order by Acting Chairman Emond at 7:00 p.m. in the City Hall conference room. Roll call of members was taken. Present: Matasosky, Tushie, Erickson, Brantly, Detjen, Emond. Absent: Berg, Meledandri, Leslie. Also present was Duane Zaun, Mayor and ex-officio Commission member; Bob Erickson, City Administrator; Dennis Feller, Finance Director; Jim Robinette, Community Development Director; ?aryl Morey, Assistant Community DevelopmenC Director; Elizabeth Halbach, Executive Director of the Lakeville Chamber of Commerce; Walt Hartman, City Tax Increment Financing Consultant and Lynette Mulvihill, City Councilmember elect. Mayor Zaun introduced the two new members of the Economic Development Commission, appointed by the City Council on November 20, 1989, Robert Brantley and Dale Detjen, as well as the other Commission members and City staff present. Mayor Zaun described the functions of the Economic Development Commission to the new • members. 89.26 Motion was made by Matasosky, seconded by Erickson to approve the minutes of the October 24, 1989 Economic Development Commission meeting. Roll call was taken on the motion. Ayes: Unanimous. Walt Hartman described how tax increment financing works, why cities use tax increment financing, the three types of tax increment districts (economic, housing and redevelopment) and tax increment project areas. Mr. Hartman briefly described the specific tax increment project areas and districts located in Lakeville. He stated that the important distinction between tax increment project areas and districts is that project areas are areas where tax increment monies can be spent and districts are areas [hat generate tax increment monies. Bob Erickson explained that excess monies from the Despatch and Toro tax increment districts can be used in their project area for the design and implementation of a badly needed downtown storm water improvement project. Mr. Erickson also stated that excess monies from the Mills Fleet Farm tax increment district can be used in its project area to assist in funding the seal coating of Kenrick Avenue. The Kenrick Avenue seal coating can only be assessed on one side due to its juxtaposition with I-35. • ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES NOVEMBER 28, 1989 • Commission members discussed the importance of educating the public on tax increment financing because there exists a general misunderstanding and a negative image of tax increment financing amongst the public. Commission members agreed that a direct mailing explaining tax increment financing and describing Lakeville's tax increment financing policies and programs should be considered as a possible solution to this problem. Jim Robinette stated that Commission members might like to cancel the December meeting so that they can have a much needed break for the holidays. Commission members agreed to cancel the December meeting. Bob Erickson stated that the January 1990 meeting agenda should include a discussion with the Metro East Chamber of Commerce, of which Lakeville is not a member. Staff discussed the latest development situation at the Southfork Shopping Center, including the possibility of a grocery store doing business as "Berries" locating there. The status of Airlake Industrial Park was discussed. Jack Matasosky stated that there are two proposed Airlake property purchases that are currently awaiting approval, which should come by the end of December. Bob Erickson sited the assistance of Senator Boschwitz's office in helping to speed up the process of • releasing property encumbered by FDIC in Airlake. Jim Robinette stated that Knutson Construction is considering purchasing 20 acres of land in Airlake to construct a $10.5 million building. Mr. Robinette also stated that Crown Cork and Seal is considering a $21 million expansion of their plant in Airlake. Bob Erickson asked if Commission members would like to view a videotape of the proposed I-35/County Road 46 Interchange at their next meeting. Commission members answered in the affirma- tive. Jim Robinette asked Commission members to turn in any Business Retention Program surveys they might have so that he can send them to the DTED. 89.27 Motion was made by Erickson, seconded by Tushie to adjourn the meeting. Roll call was taken on the motion. Ayes: Unanimous. Time: 9:40 p.m. • 2 • r ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES NOVEMBER 28, 1984 • Resp ctfully aub fitted: Daryl D. rey, Assista t C nity Development Director ATTEST: Jim Emond, Acting Chairman • • 3