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<br />Commissioner Allen believed there was a huge need for more affordable housing in the City and stated <br />this parcel would be the only one available for that opportunity. He understood APi and Pulte had been <br />great partners to the City however, this was the only spot available for expansion of affordable housing. <br />Commissioner Murlowski indicated the question before the Commission was if they supported giving <br />APi an extension. <br /> <br />Chair Zisla discussed how this had to be considered along with the other proposed developments for the site, along with how the City would be financially impacted. He questioned which of the projects was <br />the most real. <br /> <br />Commissioner Murlowski believed that the Pulte scenario was very real and could begin shortly. He <br />stated the only reason he would support an extension with APi is if they were willing to provide the City with a lump sum to cover the extension. <br /> <br />Commissioner Benke questioned how the City could possibly provide 140 affordable housing units <br />when 99% of the community was fully developed. Gundlach explained the City would have to evaluate <br />the zoning and guiding of the City in order to accommodate for affordable housing in the City in order to meet this requirement. It is likely a redevelopment matter. <br /> <br />Commissioner Carter respected APi and their partnership with the City and he would like to keep this <br />company within the community. <br /> Chair Zisla believed there would be positive policy aspects to each scenario. The City just had to <br />determine what direction they wanted to pursue for this portion of NBE. <br /> <br />Commissioner Allen supported the City offering APi an extension if they paid the City a lump sum for <br />the option. <br />Commissioner Murlowski questioned the up side to the City of approving a three year extension. <br />Gundlach discussed the tax implications for the property if it was developed residential versus <br />commercial. <br /> Commissioner Carter questioned if the Commission was being asked to make a recommendation today. <br />Gundlach stated this was the case. <br /> <br />Motion by Commissioner Carter, seconded by Commissioner Benke to recommend the City Council <br />offer APi a three year extension with the best negotiated terms with respect to a cash payment in lieu of lost tax increment. <br /> <br />Gundlach asked if the negotiated price would then be applied toward the land price after three years. <br /> <br />Commissioner Carter believed that $120,000 should be on top of the land price. <br />Commissioner Allen supported the extension. <br /> <br />Commissioner Murlowski suggested that the City lock APi in on future development by requiring <br />$250,000 for the three year extension that could be used towards the land price. In addition, if after three years APi does not build, the money would be retained by the City. <br /> <br />Commissioner Benke believed there were a lot of unknowns with this situation before the Council could <br />take action.