Laserfiche WebLink
<br />10 Minutes <br /> <br />CASE 112: <br /> <br />REQUFSl' FOR CITY PARl'ICIPATION (TAX <br />INCREJ.JENT FINANCIN;) IN PROPOSED PRQJECl'; <br />CASE OF MS. KRIS FLUEGEL AND MS. SARAH SAWYER <br />By: Anne Norris, Cammmity Developnent Director <br /> <br />Background: <br /> <br />Ms. Fluegel and Ms. Sawyer are proposing to construct and operate a dog <br />training school and retail pet supply store on the property at 14640 St. <br />Francis Blvd. N.W. They are proposing to construct a 7,500 square foot <br />conunercial block building and are requesting that the City participate in the <br />project by financing a portion of the site improvements. '!be subject property <br />is located in the B-1 Business District and the proposed use is a permitted <br />use. <br /> <br /> <br />The proposed project is located within Developnent District No.1. The City <br />would need to establish a tax increment financing district to accommodate this <br />project. <br /> <br />Enclosed are the follooing items for your information: <br /> <br />a) Site location map <br />b) Proposed site plan <br />c) Application for tax increment financing <br /> <br />Cl:>servations: <br /> <br />The Economic Developnent Commission reviewed this request on March 30, 1988 and <br />recommended approval provided there is sufficient increment. The Planning and <br />Zoning Commissision will review this request on April 12, 1988. Their <br />recommendation will be available at the meeting. <br /> <br />As you may recall, the City's policy regarding tax increment financing includes <br />Comcil review of all tax increment financing requests with respect to the <br />follC1tling issues: <br /> <br />a) Will the request benefit the City as a whole? <br />b) Will the request encourage other private development in the area? <br />c) Will the project not occur without City assistance? <br />d) Is the project legally and financially feasible? <br /> <br />Recanmendation: <br /> <br />Council Action: <br /> <br />Motion to: <br />Approve/deny the request by Ms. Kris Fluegel and Ms. Sarah Sawyer for City <br />partiCipation in their proposed project. <br /> <br />Review Checklist: <br /> <br />Administrator ..x.... <br />Attorney <br />Enaineer <br />C6rl'Itrlurilty Developnent Director :x:: <br /> <br />Chief of Police <br />Finance Officer <br />Economic Deyelopment Commission <br />Bond Counse <br /> <br />:!:: <br /> <br />18 <br />