HomeMy WebLinkAbout1995/05/22 - ADMIN - Minutes - City Council - Study Session 4c
MINUTES
STUDY SESSION
ST. LOUIS PARK CITY COUNCIL
May 22, 1995
Mayor Lyle Hanks called the meeting to order at 7:00 p.m.
Present were Councilmembers Jeff Jacobs, George Haun, Allen Friedman, Gail Dorfman and
Robert Young.
Also present were the City Manager(Mr. Meyer), Director of Community Development(Mr.
Harmening), Director of Public Works(Mr. Rardin), Director of Finance(Ms. McBride), Director
of Parks and Recreation(Mr. Gears), Planning Coordinator(Ms. Erickson),Planning Coordinator
(Ms. Jeremiah)and Assistant Finance Director(Mr. Felton).
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1. Tax Increment Financing
Representatives of PubliCorp, Inc. made a presentation about tax increment financing(TIF),
including specific uses in St. Louis Park, an understanding of the future uses of TIF and its
application to redevelopment activities in the city.
Issues for future discussion included development of a redevelopment/economic development
strategy or plan; establishment of policies and procedures on the use of TIF; modification of
existing TIF districts and or project areas and perhaps creating new TIF districts/project areas;
and creation of a development fund.
2. Comprehensive Plan
Discussion took place regarding the comprehensive plan relative to the redevelopment of the
Honeywell site.
3. Adjournment
The Study Session adjourned at 8:45 p.m.
Respectfully submitted,
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Recording Secretary