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Assistant Public Works Director Olson noted the rain sensor is not included in the code as he <br />thonght it was. He requested input from the Council regarding this and the minimum depth of <br />soil. <br /> <br />The conscnsus of the Council was that requirements regarding the minimum depth of soil and <br />sprinkling systems be included in the construction code. <br /> <br />Motion by Councihnember Cook, seconded by Councilmember Elvig, to adopt Ordinance #04- <br />24 modifying section 4.40.06 subd 10 relating to sprinkling and limitations on use of the <br />municipal water system. <br /> <br />A roll call vote was performed by the Recording Secretary: <br /> <br />Councihnember Cook: aye <br />Councihnember Elvig: aye <br />Councihnember Kurak: aye <br />Councihnember Pearson: aye <br />Councihnember Strommen: aye <br /> <br />Counci hnember Zimmerman: aye <br />Mayor Gamec: aye <br /> <br />Motion carried. <br /> <br />Case #4: <br /> <br />Public Hearing to Consider Execution of a Business Subsidy Agreement with <br />T & D Holdings, LLC <br /> <br />Mayor Gamec closed the regular portion of the City Council meeting at 7:42 p.m. in order to <br />conduct a public hearing. <br /> <br />Public Hearing <br /> <br />Mayor Gamec called the public hearing to order at 7:42 p.m. <br /> <br />Presentatiou <br /> <br />City Administrator Norman indicated recently a development agreement with T & D Holdings, <br />LLC had bcen negotiated with City staff. The project includes the construction of a 10,912 <br />square foot office/warehouse/manufacturing building in the Summer of 2004. The building will <br />be located at the intersection of Azurite Street Northwest and 141~t Avenue located in Gateway <br />North Industrial Park Plat 2. It is anticipated that the project will create at least five new jobs <br />paying a wage of at least $12 per hour in a two-year period. The County assessor has established <br />an assessed taxable market value of approximately $686,000 for the project. It is anticipated that <br />the project will generate $22,700 annually in taxes and approximately $12,970 annually in tax <br />capacity. The tax increment generated per year will be approximately $10,500 per year toward <br /> <br />City Council/June 8, 2004 <br />Page 10 of 23 <br /> <br /> <br />