Agenda - Council - 06/11/2013 - Laserfiche WebLink

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Assistant to the City Administrator Brama confirmed this is a strong prospect, staff has met with them multiple times, they have a banker, and are developing site plans with an architect. Councilmember LeTourneau asked if there is an estimate on the tax base and number of jobs. Assistant to the City Administrator Brama stated within two years there will be 37 employees with City taxes estimated of $22,000 per year and between $140,000 to $160,000 total with fiscal disparities taken out. Councilmember LeTourneau stated he is supportive of staff continuing to work with this prospect. Mayor Strommen noted that if in support, it means the City would commit to move the Public Works Campus, perhaps sooner than anticipated. Councilmember Backous stated that is a good point and asked if this straps the City too tightly, to move the Public Works Campus at this time. Assistant to the City Administrator Brama stated any agreement is negotiable and if the City wants to be conservative, the agreement could be extended for two years. The current draft includes a one-year clause. City Administrator Ulrich stated staff can run the numbers so the Council is aware of the potential financial impact. Mayor Strommen asked staff to include the future plans for a new Fire Station in the analysis and to determine financial ramifications. Assistant to the City Administrator Brama indicated that more information on this prospect will be presented on June 11, 2013, including an EDA recommendation and business subsidy application. The consensus of the Council was to support staff continuing to work with this prospect. 2.02: Consider Terms for Bury & Carlson (B&C) Request to Terminate Lease Agreement 2.03: Consider City participation in Game Fair 2013 These items were considered at the May 28, 2013, City Council Regular Session. 2.04: Discuss Economic Development Prospect Foxtrot This item was considered prior to Item 2.02. City Council Work Session / May 28, 2013 Page 7 of 8