2019.01.15 Planning Commission - Laserfiche WebLink

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6 than originally anticipated. When this happens, a modification to the TIF budget must be reviewed and approved by the City. Per on State Law, this means following the same steps as approving a brand new TIF district which requires the Planning Commission to determine if the TIF district changes are compliant with the Comprehensive Plan. In the case of TIF 26, revenues are projected to exceed the current TIF budget in 2019, so the City’s Financial Advisor (Ehlers) is recommending the budget be amended to reflect our real-world data. The proposed budget modification does nothing to change development within TIF 26, the pooling of TIF funds to cover New Brighton Exchange expenses, or the goals being achieved through use of TIF financing. As the original TIF 26 was compliant with the City’s comprehensive plan, the modified TIF 26 will be compliant as well. Staff recommends approval of a Resolution determining the proposed TIF budget modification for TIF District 26 was in compliance with the City’s Comprehensive Plan. Chair Nichols-Matkaiti asked if this matter was generated because of the Comprehensive Plan Update. Assistant Director of Community Assets and Development Gozola stated the matter was brought before the Planning Commission because of the budget modification. Commissioner Fynewever questioned if the District 26 decertification date would change. Assistant Director of Community Assets and Development Gozola reported this date would not be changing. Motion by Commissioner McQuillan, seconded by Commissioner Biedenfeld, to adopt a Resolution of the City of New Brighton Planning Commission finding that a modification to the Tax Increment Financing Plan for TIF District No. 26: Brighton Corporate Business Park III conforms to the general plans for the development and redevelopment of the City. Approved 5-0. (B) 2019 Look Ahead: Verbal update on anticipated Planning Commission tasks in the upcoming year. Assistant Director of Community Assets and Development Gozola provided the Commission with a verbal update on the comprehensive plan status, and what the ultimate plan approval means to the Planning Commission in 2019. Most importantly, the City will have nine months to update its zoning code to be in compliance with the new plan. Beyond that, staff would like to initiate a complete overhaul of the zoning ordinance which hasn’t been completed in decades. Chair Nichols-Matkaiti asked any worksession meetings would be scheduled for 2019. Assistant Director of Community Assets and Development Gozola anticipated all Comprehensive Plan issues could be handled at regular Planning Commission meetings. He stated special meetings may be required for the rewriting of the Zoning Code. Mayor Johnson commented further on the tasks that would be facing the City in 2019.