CCP 04-22-2008 - Laserfiche WebLink

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April 8, 2008 Page 3 of 5 Counell Business • 1. Consideration of Resolution Approving Special Legislation (TIF 26). ReportNo. 08-117. Resolution No. 08-0=41. Director of Community Development Grant Femelius reported that a resolution was passed in February 2007, which resulted in a special legislation bill, included in the omnibus tax bill, which was vetoed by the Governor. The TIF 26 legislation was approved as part of anon -controversial tax bill in March 2008. This allows the City to pool increment for TIF 26 for specific uses in the Northwest Quadrant projects. The additional resources available is estimated to be $6.8 million on a present value basis. Councilmember Doffing questioned how the funds would be applied, and how this would reduce the levy. Mr. Femelius directed council to a spreadsheet included in the staffreport, where a breakdown was presented. Councilmember Doffing questioned where the money would come fi>xn, if this option was not exercised. Mr. Femelius reported another option would be to pool other districts. Councilmember Phillips questioned whether these funds were in excess ofrequirements for obligations. Mr. Femelius reported these as surplus funds. Councihnember Phillips requested clarification on an earlier statement reporting these funds being available at a later date. Councilmember Bauman also was under the understanding that funds would not be available until 2014. Mr. Lotter reported abrief financial report from the Finance Director may clear up any confusion. Councilmember Doffing stated her support, for the reason it allows the City to meet our obligations, without resorting to a levy increase. Motion by Councilmember Doffing, seconded by Councilmember Burg to adopt the attached • resolution approving the Special Legislation for Tax Increment Financing (TIF) District 26. 4 Ayes —1 Nays, Motion Carried Ayes: Mayor Larson, Councilmembers Doffing, Burg and Phillips Nays: Councilmember Bauman 2_ Consideration ofResolution denying Northwest Youth & Family Services request for Special Use Pemnit in order to operate an education and day treatment program out of the existing building at 520 West County Road D. Report No. 08- 118. Resolution No. 08-042. The City Planner, Janice Gundlach directed council to the amended resolution. Councilmember Doffing read through key points ofthe resolution, and reported it was the decision of the Council that an educational facility in a heavy industrial zone would not be compatible. Councilmember Bauman requested that going forward, two resolutions would be prepared, one for approval and the other for use in the event of denial. Motion by Councilmember Bauman, seconded by Councilmember Phillips to To review the findings of fact and, if appropriate, adopt the Resolution. Directing the Sale of Class Aggregate located at the former Midwest Asphalt Site. Report No. 08-116. Resolution No. 08-M, Pubhe He uioe None Counal Business 1. Consideration of Resolution Approving Special Legislation (nF 26). Report No. 08-117. Resolution No. 08-041. 2. Consideration of Resolution denying Northwest Youth & Family Services request for Special Use Permit in order to operate an education and day treatment program out of the existing building at 520 west County Road D. Report No. 08-118. Resolution No. 08-042.