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10 Minutes CASE #11: <br /> <br /> DISCUSS ECONOHIC DEVELOPMENT COMMISSION'S llECOMMENDATION TO <br /> ESTABLISH DEYELOPMENT AND TAX INCP~EM~NT FINANCING DISTRICTS <br /> IN THE VICINITY OF ARMSTRONG BOULEVARD NWAND HIGHWAY ~10 NW <br />AND FOR CITY PARTICIPATION FOR THE PROPOSED PROJECT IN THAT ANEA <br />By: Anne Norris, Community Development Director <br /> <br />Background: <br /> <br />At its July meeting, the Economic Development Commission reviewed a proposal by <br />Ms. Kris Fluegel and Ms. Sarah Sawyer for a proposed 7,500 square foot building <br />to be constructed north of the railroad tracks, east of Armstrong Boulevard NW. <br />The building will be used for a dog training operation, a pet grooming <br />business, and a pet grooming supplies store. Ms. Fluegel and Ms. Sawyer are <br />requesting that the City participate in this project by using tax increment <br />proceeds to pay for certain site improvements for their project. <br /> <br />The Economic Development Commission reviewed this request and discussed the <br />development that is occurring in the vicinity of Armstrong Boulevard NW and <br />Highway #10 NW. The Commission recommended that the City establish a <br />development district to encompass Ms. Fluegel and Ms. Sawyer's proposed <br />project, the Ramsey HY-10 1st, 2nd, and 3rd Additions, and the commercial <br />portion of Alpaca Estates. In addition, the Commission recommended that a tax <br />increment financing district be established using those parcels where we <br />anticipate development in the next 12 months based on recent site plan reviews <br />and building permit applications. <br /> <br />Enclosed is a map showing the location of Ms. Fluegel and Ms'. Sawyer's <br />project for your information. <br /> <br />Observations: <br /> <br />City Staff discussed this project with Mr. Ron Batty, Bond Counsel. Staff <br />determined that the only type of tax increment financing district that could be <br />established in this area is an economic development district. As you know, <br />this district is active for a very brief time (8-10 years). Because of this, <br />it is important to review each project within such a district separately and <br />individually. <br /> <br />In addition, this area is located outside of the urban area. In the past it <br />has been the City's policy to encourage commercial development in the urban <br />area · <br /> <br />Recommendation: <br /> <br />Council action will be based on your discussion. <br /> <br />Review Checklist: <br /> <br />Administrator <br />Attorney <br />Engineer <br />Community Development Director <br />Economic Development Commission <br /> <br />Chief of Police <br />Finance Officer <br />Public Works Superintendent <br />Bond Counsel <br /> <br />X <br /> <br /> <br />