Laserfiche WebLink
<br />CITY OF NEW BRIGHTON <br /> <br />Agenda Section: <br /> <br />If II 9 r-:J7T'- I <br />83-81 <br /> <br />REQUEST FOR COUNCIL CONSIDERATION <br /> <br />Report Number: <br /> <br />Report Date: March 18, 1983 <br /> <br />ITEM DESCRIPTION: A P P lIe A T ION FOR I N D U S T R I A L REV E N U E BON D S <br />WINFIELD DEVELOPMENTS, INC./NEW BRIGHTON VENTURE I <br /> <br />DEPT. HEAD'S APPROVAL: <br /> <br />NA <br /> <br />MANAGER'S REVIEW/RECOMMENDATION: <br />No comments to supplement this report p. <br /> <br />Comments below / attached <br /> <br />EXPLANATION/SUMMARY (attach supplemental sheets as necessary): <br /> <br />EXPLANATION <br />On February 22, 1983 the Cauncil received an application far Industrial <br />Revenue Bands1IRB's) fram Winfield Develapments, Inc./New Brighton Venture <br />I. The amount af IRB autharizatian requested was $5.5 millian. The <br />praject inva1ves a phased deve1apment af 3 buildings with a tatal develap- <br />ment af appraximately 125,000 square feet. <br /> <br />An applicatian far site plan apprava1, LP-141, has been submitted and is <br />an agenda item far the March 22, 1983 Caunci1 meeting. A develapment <br />agreement will also. be cansidered by the Caunci1 an March 22. <br /> <br />The present request is far a praject within what has been cansidered to. be <br />the Old Highway #8 carridar, is a praject cansistent with the Camprehensive <br />Plan, allaws far greater land uti1izatian, creates greater emplayment . <br />appartunities and greatly increases the tax base an this praperty. <br /> <br />Winfield Develapment has praven an ather metra area prajects to. be <br />tharaugh and dependable. My apinian is that the IRB's are warthy af <br />cansideratian. <br /> <br />54 <br /> <br />RECOMMENDATION <br />To. waive the reading and adapt a RESOLUTION GIVING PRELlMINARY APPROVAL TO <br />A PROJECT UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT ACT, REFERRING THE <br />PROPOSAL TO THE COMMISSIONER OF THE DEPARTMENT OF ENERGY, PLANNlNG AND <br />DEVELOPMENT FOR APPROVAL, AND AUTHORIZING PREPARATION OF NECESSARY <br />DOCUMENTS. <br /> <br /> <br />:J.7Jd <br /> <br />s F. Winkels, Directar <br />munity Develapment Department <br />