Agenda - Council - 04/24/2018 - Laserfiche WebLink

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TIF District #1. This old TIF District has an available balance of about $1.07M. Nearly all of this balance is committed to improvements within the Bunker Lake Industrial Park. Some room exists within TIF District #1 to cover this 2018 shovel ready effort (up to $25K). NOTE: TIF District #1 was used for the 2016/ 2017 shovel ready certification efforts (123K). The cost for the private land parcels would be the responsibility of the land owners (see discussion below). Recommendation: Staff recommends authorization of this work. For the city owned property, this effort is generally consistent with the City Council Strategic Plan and EDA Workplan, and past direction. For the non city owned properties, this appears to be a good way to partner with and support these property owners with very little/ no financial obligation from the city --outside of staff time. EDA Review: The EDA reviewed this case on 04/12 and recommended 6-0 for the City Council to approve. Please see QCTV video for details. The major discussion point for the EDA was to confirm that the certifications for the privately owned properties would be paid for said private property owners. It was confirmed by staff that was the intent. The only item that would be paid for by the City (via funds previously provided by Connexus) is the actual shovel ready application fee. Action: Motion to: Authorize staff to coordinate/ manage the process of completing Minnesota DEED Shovel Ready Applications for the three separate properties identified within this case. -and- Authorize staff to utilize up to $25,000 from TIF District #1 for Minnesota DEED Shovel Ready Application costs. Shovel Ready Data Tables Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 04/19/2018 08:50 AM Form Started By: Patrick Brama Started On: 04/15/2018 03:08 PM Final Approval Date: 04/19/2018