Minutes - Council - 04/12/1988 - Laserfiche WebLink

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Motion carried. Voting yes: Mayor Reimann, Councilmembers Cox, Pearson, DeLuca, and Sorteberg. Voting no: None. Motion by Councilmember Cox and seconded by Councilmember DeLuca to have City Staff forward infor~mtion to Amoco that approval of their request includes using Ramsey as their address and not Anoka. Motion carried. Voting yes: Mayor Reimann, Councilmembers Cox, DeLuca, Sorteberg, and Pearson. Voting no: None. Motion by Councilmember DeLuca and seconded by Councilmember Cox to direct City Staff to develop a standing policy to require that all businesses locating in Ramsey use Ramsey as their address and that a variance be necessary if they wish otherwise. Motion carried. Voting yes: Mayor Reimann, Councilmembers DeLuca, Cox, Pearson, and Sorteberg. Voting no: None. Case ~12: Request ~for City Participation (Tax Increment Financing) iD P~oposedProject: Case~ofMs. Kris Flue~el and Ms. Sarah Sawyer: City Administrator Hartley stated that the City's policy regarding tax incr~nent financing includes Council review of all tax increment financing requests with respect to the following issues: a) Will the request benefit the City as a whole? b) Will the request encourage other private development in the area? c) Will the project not occur without City assistance? and d) Is the project legally and financially feasible? Mr. Hartley explained that the proposed development consists of a block building. The improved quality of construction in the area will generate more tax increment. The value is estimated at $250,000 and based on that, the amount of increment that would be available to the developers would be $36,000. The total amount of increment that would be generated would be between $60,000 and $70,000 over a period of 20 years. Mr. Hartley stated that he has indicated to the developers that they cannot extend utilities to the property. This development district has the floating base and it's difficult to generate much increment. All engineering and administrative costs have to come out of the $36,000. The developers have to determine if the benefits are sufficient to serve the needs. Ms. Kris Fluegel stated that she and Ms. Sarah Sawyer have been working with a group called Human Economic Development Group (HEDG) and they have compiled a business plan and have met with bankers and have financing contingent upon the tax increment financing. Motion by Counciln~mber Cox and seconded by Councilmember Sorteberg to approve the request by Ms. Kris Fluegel and Ms. Sarah Sawyer for City participation in their proposed project. Motion carried. Voting yes: Mayor Reimann, Councilmembers Cox, Sorteberg, Perason, and DeLuca. Voting no: None. Case 913: Request for Site Plan Review and Cit~ Participation (Ta~ Increment Financing) in Proposed Project: Cass. of Mr. John Noard: City Administrator Hartley explained that Mr. John Noard is proposing to relocate his existing business, the Anoka Sports Center, to Lot 1, Block 1, Riverside West. This is a quality development and will be an enhancement to the Highway ~10 Corridor. City Council/April 12, 1988 Page 10 of 13