2012-12-12 CC Minutes - Approved

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City of Centerville Council Meeting Minutes December 12, 2012 fall. The offering of Tax Increment Financing to the firm requires a public hearing; however, Anoka County and Centennial School District must meet and consider the offering also. Administrator Larson stated that both entities seem willing to review the Tax Increment Financing Plan very quickly and waive normal notice requirements. Administrator Larson felt that finalizing the Tax Increment Plan would give the City a “leg up” in the process of securing this business versus another community. Administrator Larson requested the Council’s permission to engage a consultant (Northland Securities) to draft a Tax Increment Plan with the understanding that if the project did not go forward their fee of $4,800 would be reduced to $2,400. Council Member Fehrenbacher questioned the firms concerns with the City’s offerings. Administrator Larson stated that the firm has not made any decision on where to locate its expansion, but has sold their existing building. Thus, when they are able to make a decision, the timeline to complete the project is likely to be short. Administrator Larson stated that the firm has hired an architect. Motion was made by Council Member Fehrenbacher, seconded by Council Member Paar to authorize drafting of the Tax Increment Plan in an amount not to exceed $4,800 and setting a public hearing on the plan for January 2, 2013.. All in favor. Motion passed unanimously. IX. ANNOUNCEMENTS/UPDATES None given. X. ADJOURNMENT Motion was made by Council Member Fehrenbacher, seconded by Council Member Love to adjourn the regularly scheduled meeting of December 12, 2012 at 7:50 p.m. All in favor. Motion passed unanimously. Note: A work session followed the regular meeting. Transcribed by City Staff Member Teresa Bender, City Clerk Page 7 of 7