HomeMy WebLinkAbout2005-04-20 PACKET 06.A.�
EXCERPT FROM UNAPPROVED MINUTES OF THE
PLANNING COMMISSION MEETING ON MARCH 28, 2005
6.5 CASE M05-020
The City of Cottage Grove has applied for a review of the proposed creation of
Tax Increment Financing District No. 1-13.
Blin summarized the staff report and recommended approval.
Reese asked why this is necessary. He expressed concern that the city may be
short sighted on the value of that property. Blin stated that the City Council and Eco-
nomic Development Authority will be addressing that issue. Reese stated that the
reason he asked is because the current TIF District runs out in six years and with the
highway projects being completed in the next three years, Cottage Grove will be
more accessible. He was wondering why we are doing this now instead of waiting.
Blin stated he would get a response from the EDA to address those questions.
Hale stated that the Planning Commission is not being asked a policy question, only
if this is an appropriate TIF District according to our comprehensive plan. He asked if
the Planning Commission or the EDA holds the public hearing on the policy issue.
Blin responded that both the EDA and the City Council hold public hearings.
Bauer asked how many years the new TIF District would be in effect. Blin responded
10 years from the date of passage.
Brittain opened the public hearing. No one spoke. Brittain closed the public
hearing.
Nitsch made a motion to approve the application. Ricart seconded. Motion
passed unanimous/y.