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$12.00 per hour in a two-year period. The County Assessor has established an assessed taxable <br />market value of approximately $550,000 for the project. It is anticipated that the project will <br />generate $11,800 annually in taxes and approximately $10,750 annually in tax capacity. The tax <br />increment generated per year will be approximately $9,300 per year toward the TIF District, <br />which would be used to assist the City with its payment for public improvements. <br /> <br />Motion by Councilmember Kurak, seconded by Councilmember Pearson, to authorize business <br />subsidy agreement with L & D Properties, LLC and authorize execution of a development <br />agreement with L & D Properties, LLC, contingent upon review by the City Attorney. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, and Councilmembers Kurak, Pearson, Cook, Elvig, <br />and Zimmerman. Voting No: None. <br /> <br />City Attorney Goodrich stated that the City is in the process of drafting TIF agreement with L & <br />D Properties, LLC. As a part of the transaction, the City is to convey title to the South 167 feet <br />of Lots 2 and 2A, Block 1 West Radium Business Center First Addition to L & D Properties, <br />LLC. In order to complete this transaction a sale ordinance needs to be introduced and adopted <br />authorizing the sale. <br /> <br />Motion by Councilmember Kurak, seconded by Councilmember Pearson, to introduce Ordinance <br />#03-06- authorizing the sale of South 167 feet of Lots 2 and 2A, Block 1, West Radium <br />Business Center First Addition. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, and Councilmembers Kurak, Pearson, Cook, Elvig, <br />and Zimmerman. Voting No: None. <br /> <br />MAYOR AND COUNCIL INPUT <br /> <br />P72 <br /> <br />1) Planning Commission Appointment <br />City Administrator Norman stated that during a joint work session members of the City Council <br />discussed the idea of drafting new language regarding the board and commission members. The <br />language would have to due with the structure of the Planning Commission and introduce the <br />concept of appointing alternates that would receive on-going agendas and could be seated on the <br />Planning Commission on short notice in an at-tempt to eliminate the lack of quorum issues. He <br />presented an attendance report on Planning Commission members for the Council to review. <br /> <br />Councilmember Cook suggested that the information be forward to the Chair of the Planning <br />Commission and that a letter then be sent out to members who have not been attending regular <br />meetings to see if they were still interested in serving on the Planning Commission. <br /> <br />Councilmember Kurak stated that they have discussed with members of the Planning <br />Commission that it may be beneficial to hold off-camera work session to review some of the <br />issues. She suggested that the Planning Commission schedule regular work sessions. <br /> <br />City Council/June 10, 2003 <br />Page 22 of 24 <br /> <br /> <br />