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Chatfield EDA and City Council hold joint meeting


Fri, Mar 28th, 2014
Posted in Chatfield Government

In order to establish tax increment financing district (TIF) No. 2-5 the two bodies met together at the city council’s March 24 meeting. A public hearing was held on the modification of the municipal development district No. 2. No. 2-5 notes the second underlying document and the 5th district on the Olmsted County side of the city.

EDA members present included Michael Tuohy, Sue Keefe, Randy Paulson, and Molly Baum. Councilors Paul Novotny and Mike Urban serve with the EDA.

Mike Bubany, David Drown and Associates, explained that in the Olmsted County portion of Chatfield the EDA created the redevelopment project area and it is actually an EDA TIF District. The redevelopment TIF District is being established to reimburse the developer for added project costs, specifically the building of a retaining wall needed to make the site “developable.”

The Twiford area redevelopment property value will be froze as it is valued today with the homes and land value. Ninety percent of the property tax increase between the current value and the improved value due to the development will be reimbursed annually to the developer over the life of the TIF District, 15 years.

Bubany explained the difference in the city’s tax rate due to the TIF will be less than a point, adding the reimbursement is “significant to the developer, but not big bucks to the city.” If the property was not developed, the market value of the property would only increase due to normal inflation.

Chris Giesen, Community Development Coordinator, said the formal development agreement with Family Dollar had not been drafted yet. A purchase agreement contingent on the development agreement has the EDA selling the property for $210,000. A retail store of eighty-three hundred square feet is to be developed.

The city has received $233,000 from the State of Minnesota to offset some of the city’s infrastructure costs associated with the development. The company is to be assessed over 10 years the net remaining costs for infrastructure.

The TIF increment is for site improvements. The development of the Twiford area will be paid for by the developer, the state grant, and the TIF.

The EDA approved a resolution adopting the Modification of Redevelopment Project Area No. 2 and the Redevelopment Plan and the establishment of the TIF District 2-5 and TIF financing plan.

The city .....
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CUP for apartments in Chatfield general commercial district issued

Fri, Mar 14th, 2014
Posted in Chatfield Government

At the Chatfield City Council’s March 10 meeting an application submitted by property owners Geoff and Monica Griffin to construct four apartments in their building located at 15 Third Street SE was approved. Councilor Ken Jacobson was absent. ..... 
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Chatfield to forgo billing for extra water and sewer costs

Fri, Feb 28th, 2014
Posted in Chatfield Government

Chatfield encourages residents with drinking water temperature of 40 degrees or lower to run their water continuously to prevent freezing of lateral water lines, a water main freezing, or a broken water main. Councilors approved the averaging of eac ..... 
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Chatfield plans for Family Dollar store

Fri, Feb 14th, 2014
Posted in Chatfield Government

At the February 10 Chatfield City Council meeting a resolution was adopted allowing the Chatfield EDA to enter into a purchase agreement to sell land for the future location of a Family Dollar store. The 0.85 acres is in the Twiford Redevelopment ..... 
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Location an issue for Veterans Memorial in Chatfield

Fri, Jan 31st, 2014
Posted in Chatfield Government

At the January 27 meeting of the Chatfield City Council an appropriate location for a Veterans Memorial proposed by the Chatfield American Legion Club was discussed at length. Councilor Paul Novotny was absent. Jerry Baudoin representing the Legi ..... 
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Chatfield accepts engineering proposal for St. Albans Place

Fri, Jan 17th, 2014
Posted in Chatfield Government

At the January 13 Chatfield City Council meeting councilors split the engineering responsibilities for the four 2014 street improvement projects planned. The city’s engineering firm WSB will do the engineering work for three of them. G-Cubed wil ..... 
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Chatfield reconsiders portion of engineering proposal

Fri, Jan 3rd, 2014
Posted in Chatfield Government

At a special meeting of the Chatfield City Council on December 30 councilors discussed a decision made at their November 25 meeting. At the November meeting it was suggested that WSB’s projected engineering fee for St. Albans Place improvements ..... 
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Chatfield 2014 levy down slightly

Fri, Dec 13th, 2013
Posted in Chatfield Government

At the December 9 meeting of the Chatfield City Council the 2014 final budget and property tax levy was adopted showing a decrease of .0002 percent in the levy or about $24. The total 2014 levy will be $1,225,793. City Clerk Joel Young credited th ..... 
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Engineering proposal accepted for planned 2014 improvement project

Fri, Nov 29th, 2013
Posted in Chatfield Government

At the Chatfield City Council’s November 25 meeting a proposal from WSB and Associates was accepted for engineering services related to planned 2014 street and utility improvements. Councilor Paul Novotny was absent. Chatfield is planning a subs ..... 
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