HomeMy WebLinkAbout091995 Special AGENDA
SPECIAL COUNCIL MEETING
September 19, 1995
5:30 P.M.
Prior Lake Fire Station #1
III. CALL TO ORDER
IV. PUBLIC HEARING
A. Consider Approval of Tax Increment Plan, Creation of Tax
Increment Financing District 2-6, Resolution 95-102 and
Approval of Developer's Agreement for NBC Products, Inc.
III. ADJOURN
16200 L:~I[~(~O3(~E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
City Council September 19, 1995
MINUTES OF THE PRIOR LAKE CITY COUNCIL
Special Meeting
September 19, 1995
CALL TO ORDER - Mayor Andren called the special meeting of the
Common Council to order on Tuesday, September 19, 1995 at 5:30 P.M. in
the Council Chambers. Present were: Mayor Andren, Councilmembers
Kedrowski, Schenck and Scott, Roger Guenette of Advance Resources, and
Recording Secretary Birch. Councilmember Greenfield was absent due to
being out of town.
PUBLIC HEARING -
Consider Approval of Tax Increment Plan, Creation of Tax Increment RES95-102
Financing District 2-6, Resolution 95-102 and Approval of Developer's Developer
Agreement
Agreement for NBC Products, Inc. - Mayor Andren called the public hearing for NBC
to order at 5:30 p.m. Roger Guenette, Business Development Consultant for Products
the City, presented an overview of the Tax Increment Financing Plan for TIF
District 2-6 for NBC Products, Inc. and introduced Tony Shanks, President of District
NBC Products, Inc., and Gene Happy Construction Manager. Mr. Guenette 2-6
discussed the dimensions of the building, financing, and gave budget
summary of the plan. Mr. Shanks complimented Council and Staff for the
cooperation and speed in moving the process to a quick conclusion.
A short recess was called for the purpose of making copies of the Agreement.
The meeting reconvened at 5:50 P.M..
Roger Guenette reviewed the Developer's Agreement with Council.
MOTION BY KEDROWSKI, SECOND BY SCOTT, TO APPROVE
RESOLUTION 95-102 APPROVING TAX INCREMENT FINANCING RS95-102
DISTRICT 2-6 AND THE USE OF TAX INCREMENT FINANCING. TIF Dist.
2-6
Upon a vote taken, ayes by Andren, Kedrowski, Schenck and Scott, the
motion carried.
MOTION BY SCOTT, SECOND BY KEDROWSKI, TO ADJOURN THE
PUBLIC HEARING.
16200 LI~,~PAPe0~E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447 4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Minutes of the Prior Lake City Council September 19, 1995
Upon a vote taken, ayes by Andren, Kedrowski, Schenck and Scott, the
motion carried.
There being no further business the meeting adjourn~ at~6/10 P.M.. The
next regularly scheduled Council meeting will b~2, 1995.
l~e~ording Secretary
M91995SP.DOC