Laserfiche WebLink
City of <br />�- <br />Pequott <br />Lakes— <br />AGENDA ITEM #5.1. <br />REPORT TO <br />CITY COUNCIL <br />Date: August 4, 2009 <br />Subject: Conceptual Support for Establishment of a TIF <br />Redevelopment District for Proposed Oppidan <br />Project <br />Report: Oppidan, a development company, is requesting <br />the Council to consider a proposal for a redevelopment tax <br />increment financing for a new retail structure to be built in <br />Pequot Lakes. Please refer to the attached memorandum <br />from BLADC for further information on the project. <br />Ehlers has submitted a timeline for the TIF project, if the <br />Council decides to move forward. Also attached is a <br />resolution calling for a public hearing for the TIF project. <br />The Economic Development Commission reviewed the <br />proposal at two separate meetings. The minutes of both are <br />attached. The EDC voted 3 -0 (with one conflict of interest <br />and one member recusing themselves). <br />�" Council Action Requested: <br />