Minutes - Council - 07/27/2004 - Laserfiche WebLink

Home

Presentation Consultant Mulrooney explained recently a development agreement with Sharp and Associates LLC has been negotiated with City staff. The project includes the construction of a 41,022 square foot self storage buildings in the fall of 2004. The buildings will be located in Park 67 Industrial Park south of Bunker Lake Boulevard. This project is located in a redevelopment area in TIF District No. 2. Due to limitation in the soils on this site the slab on grade design of this project is the only cost effective way to get this site developed. The assistance being provided will focus primarily on getting the site buildable and to provide quality design and screening. This development will provide quality screening and improve the curb appeal of Bunker Lake Boulevard. It is anticipated that the project will create at least three new jobs paying a wage of at least $12.00 per hour in a two-year period. The County Assessor has established an assessed taxable value of approximately $1,400,000 for the project. It is anticipated that the project will generate $47,712 dollars annually in taxes and approximately $22,000 per year toward the District, which would be used to assist the City with its payment for public improvements. Citizen Input Gary Hanson, 14040 Azurite Street NW, stated there is another self storage unit in this immediate area. He questioned if there would be any impact from the location of a business of that nature so close. He stated the City is driving one business out by locating another one in the exact same area. Mayor Gamec stated in his opinion if the gentleman wants to run that business, he would hope he would have done a market study and that it is zoned in the appropriate manner to be able to open that type of business. It was noted the business Mr. Hanson mentioned is located in the city of Anoka. Mr, Hanson stated the City is subsidizing one business at the detriment of another business. Motion by Councilmember Kurak, second by Councilmember Cook, to close the public hearing. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Kurak, Cook, Elvig, Pearson, Strommen, and Zimmennan. Voting No: None. The public hearing was closed at 7:30 p.m. Council Bnsiness Mayor Gamec called the regular City Council meeting back to order at 7:30 p.m. Motion by Councihnember Cook, seconded by Councilmember Kurak, to authorize a business subsidy agreement with Sharp and Associates, LLC, and to authorize execution of a development agreement with Sharp and Associates, LLC., contingent upon review by the City Attorney. City Council/July 27, 2004 Page 8 of 35