HomeMy WebLinkAbout8A - Economic Developemt Projects Fee Payments
CONSENT AGENDA:
PREPARED BY:
SUBJECT:
DATE:
SA
KAY KUHLMANN, ASSISTANT CITY MANAGER
DISCUSS COOPERATION wrrn POTENTIAL ECONOMIC
DEVELOPMENT PROJECTS FOR PAYMENT OF PRELIMINARY
FEES
JULY 19,1993
INTRODUCTION:
BACKGROUND:
City statT would like to discuss with the City Council a policy for
assisting with preliminary payment of fees for economic development
projects. This item is for discussion only. No action will be
requested.
In the past, Prior Lake City statT have worked cooperatively with
various development opportunities in order to assist with preliminary
data gathering and cost associated with these costs. The activities may
include surveys, topographical photos, phase one en' 'ironmental
testing, soil borings, legal activities, and miscellaneous.; udies. City
statT have participated for example with the Enivid project by paying
a portion of some legal fees. On another site the City has picked up
the cost of soil borings or participated in the cost of roadway studies.
The staff has never had a policy to work from but believe it may be
time to set up some type of guidelines.
DISCUSSION:
In the most recent request there is a group of people interested in
doing a redevelopment project in downtown Prior Lake. They need to
spend approximately $7,000 in order to get enough infonnation to
make a decision on whether they can go ahead with their project.
They have requested City consideration of a portion of those fees.
Currently we have no policy. StatT believes consideration should be
given for a portion of the costs.
StatT would like to discuss with the City Council several items.
1. If the City should institute a policy to administer requests.
2. If the City does institute a policy, what are the parameters.
Should the City pay a percentage, and should there be a ceiling
to those costs.
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 4474230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
RECOMMENDATION:
ACTION REQUIRED:
CCAlg.WRJ'
3. If the policy provides for assistance, where should the funds
come from. StatT believes that there are funds available in the
Tax Increment Financing District Downtown that could cover
minor costs like this. In the past we have used primarily our
Engineering Construction Fund or General Fund to handle these
costs. You may want to talk in more detail about other resources
at the City Council meeting.
Staff has no recommendation on this but would like a preliminary
discussion with the Council.
None at this time.