1/24/2019 4:24:00 PM Public TIF hearing for Northland Lindstrom apartments February 21
The Lindstrom City Council set a date to hold a public hearing to review a request for Tax Increment Financing for Northland developers’ apartment/marina/restaurant, for February 21.
At the meeting last week; the city council voted 4-1 to hold the hearing, with Council member David Waldoch opposed. Waldoch felt that necessary information to support discussion on the developer’s claimed “hardship” motivating this financing assistance request, was lacking.
City Administrator John Olinger assured council the complete application, including extraordinary expenses, estimates for project cash flow and findings to support the existence of “blight” will be sent out to council shortly.
Northland Group hopes to be approved for a Tax Increment Finance process, recouping certain subsidy- eligible costs in constructing a 92 unit apartment complex. They are claiming they have encountered excessive blight remediation and site prep costs.
The property tax “increment” which is the increase in what the property tax payments are after the improvements compared to current tax for existing conditions-- are captured and redirected to defray project costs. The request could go out for over 20 years of taxes.
Several meetings on the project drew dozens of citizens opposed due to the Northland proposal due to traffic congestion in a residential neighborhood, lack of on-site parking, size of the building and other issues. The city council gave approval to the project however.
The Tax Increment Financing request was submitted after council acted on the project.
In other business, council appointed Olinger to the new Vistor Bureau Board, which will be the entity spending receipts of a new local lodging tax imposed on Taylors Falls, Shafer, Center City, Lindstrom and Chisago City lodging enterprises. The three percent tax becomes effective in three months.
There’s a volunteer recognition for Lindstrom helpers of all types, levels and involvement. The event is the brainchild of Mayor Kevin Stenson and is February 28. Watch for more details. January 30 from 7 to 9 p.m. is an orientation session for city office holders, and planning commission members. The Urban Land Institute is also holding a training February 12. This workshop starts at 7 p.m. at city hall.