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<br />1988. <br /> <br />4. City Council special meeting miriutes dated May 31. 1988. <br /> <br />5. City Council and Park and Recreation Commission special joint meeting <br />minutes dated June 9. 1988. <br /> <br />6. City Council regular meeting minutes dated June 14. 1988. <br /> <br />7. City Council special meeting minutes dated June 21. 1988. <br /> <br />Commissioner Ippel inquired as to the status of the proposed relocation of <br />the Burlington Northern railroad tracks. <br /> <br />Ms. Norris replied that on July 12. City Council requested that staff <br />contact representatives of Mn/DOT to determine if there is interest in <br />pursuing the reI oca ti on of Burl ingt on Northern railr oad tracks. Some <br />councilmembers feel it is not feasible without funding participation from <br />other ~gencies and other councilmembers feel it is wise to at least <br />preserve the corridor in the event the relocation project becomes a <br />reality. <br /> <br />Commissioner Ippel stated that the need to relocate the tracks would be <br />negated and a better use of the funds would be to get a Mississippi River <br />bridge crossing. construct an overpass over Hwy. :#10 and the railroad <br />tracks and reroute Cty. Rd. :#83. <br /> <br />COMMISSION BUSINESS <br /> <br />Case #1: Request For City Participation (Tax Increment Financing) In <br />Project; Case Of Mr. Todd Elofsop: <br /> <br />Todd and Randy Elofson and Dave Adkins from Stiglich Construction were <br />present requesting approval of tax increment participation in their <br />proposal to construct a commercial/retail facility south of Hwy. :fHO and <br />west of Sunfish Lake Blvd. The Elofsons stated that the project hinges on <br />the follows: 1) Extension of Sunfish across Hwy. #10 and improvements to <br />Front Street; 2) City participation; 3) Signing anchor tennants. <br /> <br />Ms. Norris itemized the funds needed for site grading and filling, <br />irrigation and sprinklers, security lighting, drainage and curbs. Ms. <br />Norris noted that preliminary projections indicate their will be sufficient <br />increment generated to support the city's participation. <br /> <br />Motion by Commissioner Ippel and seconded by Commissioner Fults to <br />recommend that City Council approve the request by Todd Elofson for City <br />participation in his proposed project contingent upon it's compliance with <br />the City's tax increment financing guidelines. <br /> <br />Motion carried. Voting Ye s: Chairman Greenberg, Commis sioners Ful ts, <br />hardin, Wagner and Ippel. Voting No: None. Absent: Commissioners <br />Gorecki, Kurak, Muller and Vevea. <br /> <br />Economic Development Commission/July 13, 1988 <br /> <br />Page 2 of 5 <br />