CCP 12-14-2010 - Laserfiche WebLink

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November 23, 2010 Page 3 of 5 During the 2010 regular session, the Minnesota Legislature adopted the so-called Jobs Bill. One of those provisions (Sec. 32) modified state statutes related to the use of tax increment. This provision allows cities to spend tax increments (i.e. cash from existing TIF districts) for certain activities intended to stimulate construction. The Jobs Bill would allow cities like New Brighton to use these resources as an economic stimulus. In our case, these funds would be used to assist the proposed Stuart Development project. Councilmember Bauman questioned if the city is required to approve the Stuart proposal as part of the process. Director Femelius reported the City is obligated to provide some specificity. Councilmember Burg requested an explanation of the use of the money if it is not used for this purpose. Director Femelius explained that if there is any surplus, it would go back to the various taxing jurisdictions. Mark Ruff, representing Ehlers reported that the plan is to be transparent as well as allow for some flexibility in the event costs are less than anticipated. Councilmember Samuelson requested clarification on what the process is if the Stuart project does not materialize. Director Femelius responded if the closing never occurs, the City would keep the $1.2 million in the tax increment districts. If the projects starts, and the funds are released to the developer, these types of scenarios are addressed in the development agreement. Councilmember Bauman questioned if Stuart Companies is the only interested party. Councilmember Phillips questioned if Stuart was no longer interested, would the City have the opportunity to work with another developer. Director Femelius responded that the TIF plan would likely have to be amended. Motion by Councilmember Phillips, seconded by Councilmember Burg to open the Public Hearing 5 Ayes, 0 Nays-Motion Carried Mayor Jacobsen opened the Public Hearing at 6:50 pm. Mayor Jacobsen asked for additional questions, there were none. Motion by Councilmember Phillips, seconded by Councilmember Samuelson to close the Public Hearing. 5 Ayes 0 Nays-Motion Carried The Public Hearing was closed at 6:51 pm Motion by Councilmember Phillips, seconded by Councilmember Samuelson to approve the resolution approving the TIF Spending `Plan for TIF Districts 23, 25, 27, 28, 30 and 33. 5 Ayes, 0 Nays-Motion Carried Council Business Council Business 1. Don & Cindi Fitch request approval of a Special Use Permit and Nonconforming Use I. Considerrmonof SUPand NCat2200 Permit to permit construction of a drive-thru facility at 2200 Silver Lake Road. Report Silver Lake Rd.Report No. 10-263. Resolution No. 10-075. *Moved from the Consent Agenda. No. 263. Momdfrom theConsentAgenda Resolution No. 10- 075. Councilmember Phillips reported he is favor of the Dairy Queen, and explained this is a site with many non-conformities. It was reported there was a portion of seven or eight parking stalls that