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Citizen Input <br /> <br />There was none. <br /> <br />Motion by Councilmember Hendriksen, seconded by Councilmember Connolly, to close the <br />public hearing. <br /> <br />The public hearing closed at 8:13 p.m. <br /> <br />Motion carried. Voting Yes: Mayor Pro tem Zimmerman, Councilmembers Hendriksen, <br />Connolly, and Anderson. Voting No: None. Absent: Mayor Gamec. <br /> <br />Council Business <br /> <br />Mayor Pro tem Zimmerman called the regular City Council meeting back to order at 8:13 p.m. <br /> <br />City Administrator Norman requested a correction to the eighth WHE~AS to indicate "Anoka <br />County Board" rather than "Dakota County Board." <br /> <br />Motion by Councilmember Connolly, seconded by Councilmember Hendriksen, to adopt <br />Resolution #00~01-023 approving the establishment of Tax Increment Financing for TIF District <br />No. I-7. <br /> <br />Further discussion: City Attorney Goodrich stated he reviewed the document and found it within <br />the requirements of the State. <br /> <br />Motion carried. Voting Yes: Mayor Pro tern Zimmerman, Councilmembers Connolly, <br />Hendriksen, and Anderson. Voting No: None. Absent: Mayor Gamec. <br /> <br />Councilmember Hendriksen suggested that Case #6 be addressed next since it was included in <br />the staffpresentation. The Council agreed with this suggestion. <br /> <br />Case #6: <br /> <br />Request for Authorization for Execution of a Development Agreement with <br />Ramsey B&B L.L.C. <br /> <br />City Administrator Norman stated the proposed TIF development agreement is with Ramsey <br />B&B L.L.C. for construction ora 42,000 square foot facility to be located along Highway #10 on <br />the site formerly known as The Lighthouse Bar and Grille. The site plan review was considered <br />on the previous agenda case. He noted that while the City's experience in business subsidy for <br />Highway #10 is somewhat limited, it has provided business assistance for the recent construction <br />of a hotel at the intersection of Highway #10 and Sunfish Lake Boulevard. The County <br />Assessor's office has placed the new retail/commercial facility at $1,910,900. It is anticipated <br />that the project will generate approximately $78,300 in tax increment per year toward the TIF <br /> <br />City Council/January 25, 2000 <br /> Page 11 of 35 <br /> <br /> <br />