City Council Notes-Oct. 15, 2013

A part of the OACCT's Public Policy efforts for 2013 is for volunteers from the Public Policy committee attend both City and County meetings and report back on items that are of interest/concern to business.

Tax Increment Financing district No.6 created for Pillsbury property.
Brings educational facility back to Pillsbury campus with language school and Charter school.  Allows for 1,000,000 of tax increment to be used for the remodeling of buildings on campus.  Funds paid up front by developer, then recaptured with 4.75% interest until year 2041 or until paid off.   One local investor involved in project.
Development agreement with City of Owatonna and Pillsbury Intl Academy and E & A Ventures.  Two separate projects involving Fernbrook and Pillsbury Academy.


Resolution 96-13 Delinquent OPU accounts, allows to be collected with Real Estate taxes.

Brooktree settlement funds.  City to get 1,858,293 from DuPont settlement for trees damaged at Brooktree.  Funds to be used for tree removal and replacement and other improvements at Brooktree.

Rezone and vacate easements for property for Viracon expansion.

Changes in purchasing policy to clarify and better regulate purchases.


Please Note next Council meeting date changed to Monday November 4th, due to Levy vote on the 5th.