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Council Proceedings <br />City of New Brighton <br />April 5, 1977 <br />Special Meeting <br />Joan Mertz,a former resident of New Brighton, stated <br />that the older area of the City had not progressed and that <br />the people of the area had more initiative 20 years ago than <br />today. <br />Jack Farber, 1715 Alton Road, stated that he felt the <br />question of what the problem really was had to be identified. <br />He stated he felt a new center was doomed to failure <br />and stress should be placed on clean up. <br />Kathy Bona, 703 2nd Avenue, stated her concern of what would <br />happen to property owners in phase areas other than the phase <br />area actively being pursued. <br />Rudy Schellum, 560 5th Ave, stated he understood that the <br />Phase 1 increment would not be substantial enough to pay <br />the cost of Phase 2 or 3, but Phase 4 added sufficient <br />increment for Phases 2 and 3. <br />HRA Commissioner, Wickland. responded that the HRA analysis <br />was that Phase 1 would probably make enough increment to <br />pay for Phase 2,if not,increment generated in Phase 2 along <br />with Phase 1 would. <br />Schellum stated agreement that something should be done <br />regarding downtown core. <br />Larry Karlin, President of New Brighton Business Association, <br />stated that his Association's research indicated that <br />successful redevelopment projects were small and. that tax increment <br />financing was not the major source of financing but that <br />5 or 6 methods were used. He stated support of the <br />Mayor's study idea and acknowledged that something had to <br />be done with downtown core. He stated the HRA had generated <br />a good deal of information but that he felt fresh talent <br />was no'wneeded on the HRA. <br />0 <br />Mayor Bromander stated that while it might be true that tax <br />increment financing had not been the major source of financing <br />for most of the redevelopment projects in the state, that it was , <br />also true that tax increment financing was a new mechanism <br />and was authorized by the legislature when other sources <br />of revenue disappeared,such as federal monies. <br />Karlin stated. that he believed there was a substantial amount <br />of private money available. <br />9 <br />