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5.2. SR 07-05-2005 Item 5.2. 13065 Orono Parkway Elk Rivec IvlN 55330 July 5, 2005 Elk River City Council City of Elk River 13065 Orono Parkway Elk River N1N 55330 RE: NORTHSTAR BUSINESS PARK IMPROVEMENTS PUBLIC HEARING Dear Council Members: At this evening's City Council meeting, the public hearing for the Northstar Business Park Improvements is scheduled. As the City Council is aware, this property is owned by the Economic Development Authority (EDA). The purpose of this evening's public hearing is to allow for the assessment of the cost for the improvements to development the N orthstar Business Park to the EDA. The repayment of the assessments is planned through the use of Tax Increment Financing (fIF) and/or Tax Rebate from development of the lots. Notice of the public hearing was published in the Elk River Star News and individual notices were sent to Jeff Gongoll, President of the EDA and Cathy Mehelich, Director of Economic Development. The conceptual layout of the Northstar Business Park has changed slightly as staff has worked to place three prospects into the site. I will be prepared to make a brief presentation and answer any questions the City Council may have. At the close of the public hearing, it would be appropriate for the City Council to consider the attached resolution which orders the improvement. If you have any questions, please call. Sincerely, ~ ~p~ Teny J. :Maurer, PE City Engineer Phone: 763.635.1000 Fax: 763.635.1090 S:\EngineerImprovProj\200S Improvement Projects\Nonhstar Business Park\06 27 05 cc memo.doc www.ci.elk-river.mn.us RESOLUTION 05-_ A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION ORDERING THE IMPROVEMENT IN THE MATTER OF THE NORTHSTAR BUSINESS PARK IMPROVEMENT OF 2005 WHEREAS a public hearing relating to the Northstar Business Park improvement was held before Elk River City Council after ten days mailed notice and two weeks published notice of hearing was given; and WHEREAS the City Council has duly considered the Feasibility Report and those matter presented at public hearing by those person desiring to be heard on the matter; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota: 1. The Northstar Business Park improvement is hereby ordered as recommended in the Feasibility Report dated June 1, 2005. Passed and adopted this 5th day of July 2005. Stephanie A. Klinzing, Mayor ATTEST: Joan M. Schmidt, City Clerk s: \EngineerImprovProj\2005 Improvement Projects \N orthstar Business Park\Resoluuon order improvemt.doc