CR 01-81 Schedule Public Hearings - Medica Project
C\IY OF
m
June 25, 2001
HOPKINS
Council Report 2001-81
SCHEDULE PUBLIC HEARINGS, MEDICA PROJECT
Proposed Action
Staff recommends approval of the following motion: authorize staff to schedule public hearings
on August 21.2001. at 7:30 V.m. for consideration of the following:
. AUAR for Medica Proiect
. Modification of the tax increment financing plan for Tax Increment District 2-11. re:
Medica Proiect
. Tax abatement and business subsidy agreement. SUPERV ALU
Overview
All of the above items require public hearings. The action being requested allows staff to
provide public notice of these meetings in accordance with statutory requirement.
The AUAR is the environmental worksheet for the Medica Project, and the hearing would be the
final action on this item.
Tax Increment District 2-11 needs to be revised to ensure there is adequate budget capacity to
pay public costs for the Medica Proj ect.
The tax abatement and business subsidy agreement concerns a tax abatement application to be
submitted by SUPERV ALU to utilize property taxes generated from the perishable warehouse
project for payment of eligible costs.
/,...-;
.// ,i /
" /,
;/ ,i /
;'i
,/.'..,....../7
.J....-. ---
Jim ~e .
Planlnng & Econo ,ic Development Director
Financial Impact: $ 0 N/A _ Budgeted: Y/N _ Source:
Related Documents (CIP, ERP, etc.):
Notes: