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Mot ion by and seconded by to appoint <br /> Mr. Roy Shumway to serve on the Planning and Zoning Commission <br /> for a %erin to e~pi~e on Deeembe~ S1~ 1985 and to send a lette~ <br /> of thank~ to Dp. Duane ~ennen fo~ his time with the Commission. <br /> <br /> Fu~the~ discussion: <br /> <br /> Motion carried/failed. Voting yes: Voting ~o: <br /> <br />~Ite~ F: ~pdate on. Northfopk Development Aqpee~ent Reqapdin~ <br /> <br /> [l~']North lock, I~c. and the City of Ra~sey for ~he Northfo~k P.U.D. fop <br /> ~~your review. This agreement contains the revisions you directed at <br /> the Jur, e 19a5 City Council eeting. Paragraph ~9 regarding the <br /> costs of ar, y improvements to Japvis Street NW is still under <br /> .~~ discussior, between the Cities of Ramsey and~ Elk R~ve~~he <br /> <br /> Item ~: Ta~ I~e~ent Fi~nein~: <br /> <br /> As you recall, the City Council conducted a public hearinB on the <br /> adoption of the Development Progra~ for Development District No. 1 <br /> and ~he Tax Increment Financing Plan fo~ Tax Increment District No. 1 <br /> on July 9, 1985. The Council delayed action on this item until July <br /> 23,1985. <br /> <br /> Proposed Development District No. 1 is that area of the City <br /> ~esignated as the "1990 Urban Area" and ~ithin that district, Tax <br /> District is to include the of <br /> ~Incre~ent <br /> Financing <br /> proposed <br /> plats <br /> ~River's Bend, Flintwood Hills Second Addition and the Oxbow Addition <br /> <br /> ~funded with tax increment financing: a ~unicipal con,unity center <br /> and the installation of ~unicipal sewer and wate~ along West Highway <br /> ~10. The total proposed cost for the community center (based on a <br /> 65,000 square foot structure) is $5, 265~ 000. The cost for the <br /> installation of ~unicipal utilities along West Highway ~10 is <br /> $1,610,000. <br /> <br /> The cash flow analysis (see Exhibit II-B-I) assu~es low growth. <br /> These figures assu~e the development of one-third of the total ho~es <br /> i~ the Tax Inc~e~ent Financing District (96 ho~es) ove~ the ~ext five <br /> years. I~ addition, this analysis does ~ot account fo~ a~y <br /> development in the Oxbow Addition. Based on these figures, the <br /> fiscal consultant determined that the community center was not a <br /> feasible project at the present ti~e. <br /> <br /> As City Staff noted, this document is ~ot committing the City to <br /> either project. The plar~ and districts can be a~ended by Council <br /> a~tion. The primary purpose fo~ this document is to be able to have <br /> <br /> <br />