HomeMy WebLinkAbout06-22-98
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CITY OF LAKEVILLE
SPECIAL COUNCIL MEETING
JUNE 22, 1998
Mayor Zaun called the meeting to order at 9:10 a.m.
Roll call was taken. Present:. Council members Ryan, Sindt, Mulvihill,
Holberg and Mayor Zaun. Also present: R. Erickson, City Administrator;
-D. Feller, Finance Director; M. Sobota, Community & Economic
Development Director; C. Friedges, City Clerk.
ITEM 2
Mayor Zaun opened the public hearing on the proposed modification of
Airlake Redevelopment Project No. 1 and establishment of Tax
Increment Financing District No. 16 within the redevelopment project,
and the proposed approval and adoption of a modified redevelopment
plan and tax increment financing plan relating thereto,
Mr. Jack Matasosky of Appro Development and Terrence North of Alcorn
Beverage Co., Inc. requested Council approval of the establishment of
Tax Increment Financing District No. 16, an 11-year economic
• development district that would provide financing for the land acquisition
write-down, site grading and public infrastructure for the proposed Alcorn
Beverage site.
Mr. Sobota explained that the proposed tax increment financing. district
includes the. Alcorn Beverage site located on the approved plafi for
Progressive Rail First Addition and the Metropolitan Airports
Commission (MAC) parcel. The proposed $2.4 million Alcorn Beverage
facility will generate nine increments over 11 years. The MAC property
is tax-exempt and will not generate any tax increments. The City will
reimburse the developer for construction of the storm water pond on the
MAC property. The project also includes right turn lanes on County
Road 70 and Highview Avenue and strengthening of Highview Avenue to
a nine-ton capacity. The developer will reimburse the City for the
installation of the County Road 70 water main adjacent to the Alcom
Beverage site.
Council member Ryan asked if there are plans for a left turn lane on
County Road 70. Mr. Sobota stated there are not, as County Road 70
will become afour-lane road in the future when traffic warrants are met.
Council member Ryan asked if this project involves any risk to the
a taxpayers of Lakeville. Mr. Sobota stated the entire risk in this project
would be borne by the developer.
98.154 Motion was made by Sindf, seconded by Holberg to close the public
hearing.
Roll call was taken on the motion. Ayes, Ryan, Zaun, Sindt, Mulvihill,
Holberg.
Mr. Erickson pointed out that the Alcorn Beverage building square
footage in Appendix D of the Tax Increment Financing Plan No. 16 dated
5/13/98 should be 56.,000 rather than 69,500.
98.155 Motion was made by Holberg, seconded by Mulvihill to approve
Resolution No. 98-137 approving a modification to Airlake
Redevelopment Project No. 1 and establishment of Tax Increment
Financing District No. 16 to be located within the redevelopment project,
and approving a modified redevelopment plan and tax increment
financing plan relating thereto.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Mulvihill, Holberg,
Ryan.
• ITEM 3
Mr. Sobota recommended Council approval of the Redevelopment
,Agreement between the City of Lakeville and Terrence J. North and
Alcorn Beverage Co., Inc.,. with. a correction to the first sentence on Page
11 by changing water main to sanitary sewer area charge.
98.156 Motion was made by Mulvihill, seconded by Sindt to approve the
Redevelopment Agreement By, Between and Among the City of
Lakeville and Terrence J. North and Alcorn Beverage Co., Inca dated
June 22, 1998, with the correction on Page 11.
Roll call was taken on the motion. Ayes, Sindt, Mulvihill, Holberg., Ryan,
Zaun.
ITEM 4
Mr. Sobota. recommended Council approval of a Joint Powers
Agreement with the Metropolitan Airports Commission ,(MAC) for storm
water detention basin construction and maintenance at Airlake Airport.
The storm water management pond is required for the run-off from the
. Alcorn Beverage/Progressive Rail First Addition development. The pond
would be a "dry pond" to allow for volume control of water run-off. This
• storm. water. pond would. be similar to the existing storm water pond on
MAC property directly south of the Ryt-Way complex.
98.157 Motion was made by Mulvihill, seconded by Sindt to approve a Joint
Powers Agreement .between the City of t_akeville and the Metropolitan
Airports Commission for storm water detention basin construction and
maintenance at Airlake Airport.
Roll call was taken on the motion. Ayes., Mulvihill, Holberg, Ryan, Zaun,
Sindt.
There being no further business, Mayor Zaun adjourned the special
Council meeting at 9:30 a.m.
Respectfully submitted,
harlene Frie ges, Ci lerk
•
Duane Zaun, M r
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