Minutes - Council - 08/11/2015 - Laserfiche WebLink

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need to be capped. He stated this is a great opportunity for business retention and would add tax base to the City as well. Councilmember Kuzma thanked Mr. Mulrooney for his in depth description of the process. Motion by Councilmember Kuzma, seconded by Councilmember Shryock, to Adopt Resolution #15-08-201 Calling for a Public Hearing by the City Council on the Proposed Adoption of a Modification to the Development Program for Development District No. 1, the Proposed Establishment of Tax Increment Financing District No. 15 (Life Fitness) Therein and the Adoption of a Tax Increment Financing Plan Therefore, and the Proposed Granting of a Business Subsidy; and Adopt Resolution #15-08-202 Declaring the City of Ramsey's Support of Applying to the State of Minnesota Department of Employment and Economic Development Job Creation Fund Program; and direct staff to accept a business subsidy application from Life Fitness and begin underwriting; and to execute the LHB Contract for State required TIF District analysis; subject to review and amendments by the City Attorney. Further discussion: Councilmember Shryock stated that this area is in her Ward and she is very excited about this project and the ability for a Ramsey business to expand within the City. Motion carried. Voting Yes: Councilmembers Kuzma, Shryock, Johns, LeTourneau, Riley, and Williams. Voting No: None. Abstain: Mayor Strommen Mayor Strommen returned to preside over the meeting. 7.06: Consider Approving Master Disbursement Agreement and an Amendment to the Development Agreement with CB Ramsey, Housing Limited Partnership for the Project Known as Sunwood Village; Case of CommonBond Communities Community Development Director Gladhill reviewed the staff report and recommendation to approve the Master Disbursement Agreement and an amendment to the Development Agreement with CB Ramsey Housing Limited Partnership for the project known as Sunwood Village. Councilmember LeTourneau stated that there is a reference to the HRA and asked for additional information. Community Development Director Gladhill noted that reference is to the Anoka County HRA. Motion by Councilmember LeTourneau, seconded by Councilmember Kuzma, to approve the Master Disbursement Agreement with CB Ramsey Housing Limited Partnership for the project known as Sunwood Village related to the grant awards to the project from the Metropolitan Council; and approve the amended Development Agreement for Sunwood Village. Motion carried. Voting Yes: Mayor Strommen, Councilmembers LeTourneau, Kuzma, Johns, Riley, Shryock, and Williams. Voting No: None. City Council / August 11, 2015 Page 7 of 10