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Minutes of the Arden Hills Planning Commission Meeting, July 6, 1988 <br /> Page 6 <br /> CASE #87-35 (Cont'd) Carlson questioned if there are any drawbacks to the <br /> proposed recommendation. <br /> Probst stated the big issue is the financial risk involved and the ideal <br /> situation would be to receive proposals and coordinate improvements with the <br /> development so that all happens at the same time and the tax increments would be <br /> available to pay for the improvements. He advised if the Village proceeds in that <br /> fashion and development does not occur the Village would still have the <br /> obligations to pay the bonds for the improvement; there is an element of risk. <br /> Commission discussed the long term benefits to Arden Hills and the establishment <br /> of a Community Development Commission. It was the general consensus of Commission <br /> members that it would be worth the expenditure to hire an outside firm with <br /> expertise in the area of Tax Increment Financing to handle the details of the <br /> program; Bergly advised he works with firms who have such expertise. Malone <br /> commented the newly appointed Clerk Administrator may have had experience in this <br /> area during his employment with the City of New Brighton. <br /> Probst recommended Arden Hills continue to work with the City of New Brighton in <br /> order for both cities to benefit from development of the area. <br /> Acting Chair Meury thanked the members of the Task Force and Planner Bergly for <br /> their time and efforts to submit an excellent report to the Commission. <br /> Carlson moved, seconded by Piotrowski, that Commission <br /> accept the Task Force Planning Study for NE I-694/I-35W, the recommendation for <br /> the Village to pursue Alternative III and the recommendations outlined on pages <br /> • 31 and 32 of the report, and furthermore, that Commission submit the report to <br /> Council at their next regular meeting held July 11th for their review and <br /> respectfully request their comments, questions or other action be returned to the <br /> Planning Commission at their next regular meeting held August 3, 1988. Motion <br /> carried unanimously. (7-0) <br /> COUNCIL REPORT Planner Bergly reported on items of interest to the <br /> Commission. <br /> ADJOURNMENT Malone moved, seconded by Zehm, that the meeting be <br /> adjourned at 9:40 p.m. Motion carried unanimously. (7-0) <br /> Calvin Meury, Jr. , Acting Chair <br />