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September 10,2019 Page 2 of 7 <br /> • PREC Minutes from August 7,2019. <br /> • Planning Commission Minutes from July 16,2019. <br /> • Parks and Recreation Comprehensive Plan Steering Committee from April 17,2019. <br /> Special Order of <br /> Special Order of Business Business <br /> None. <br /> Consent Agenda Consent Agenda <br /> 1. Consider Approval of Payments of Electronic Funds Transfer(EFT)8359-8559,ACH I.Pay of EFT 8359-5559, <br /> Payments 8321-8358&Vouchers 157702-157767 for atotal of$1,913,720.91. Vouchers <br /> s15 702-l5 7 <br /> � vouches 157702-t57767. <br /> 2. Authorization to make application for Water Efficiency Grant offered by 2.Water Efficiency <br /> Grant offered by <br /> Metropolitan Council. Metropolitan Council. <br /> Motion by Councilmember Jacobsen,seconded by Councilmember Allen to approve the Consent <br /> Agenda as presented. <br /> Councilmember Burg thanked City staff for seeking a grant opportunity from the Metropolitan Council. <br /> 4 Ayes,0 Nays-Motion Carried <br /> Public Hearing Public Hearing <br /> I None. <br /> III Council Business <br /> 1. Consideration of Resolution for Early Decertification of TIF District#23 & #30. Council Business <br /> 1. Consideration of <br /> Resolution for Early <br /> Motion by Councilmember Jacobsen,seconded by Councilmember Burg to adopt and authorize the Decertification of TIF <br /> Resolution Authorizing Early Decertification of TIF District No.23-Thorndale Plaza and TIF District#23&#30. <br /> District No.30-Brighton Village-Beisswenger's. <br /> City Manager Lotter indicated Finance Director Davitt would be presenting this item to the Council. <br /> Finance Director Davitt stated on November 14, 1994,the City certified TIF District 23 to assist with the <br /> development of 25 handicapped housing units.TIF District 30 was certified on June 28,2004,to assist with <br /> the demolition of the existing Brighton Village Shopping Center and development of a 12,500 sq.ft.drug <br /> store,two retail buildings totaling 28,750 sq.ft.,a 28,000 sq.ft.medical office building,a 3,000 sq.ft.food <br /> restaurant and relocation of Beisswenger's to a new site with a 41,000 sq.ft.building. By decertifying TIF <br /> Districts 23 and 30 as of December 31,2019,the City's overall tax capacity will be increased. For taxes <br /> payable 2020,the captured tax capacity of District 23 is$19,468 and District 30 is$323,556.Both of these <br /> TIF Districts have interfimd loan balances with the Municipal Development Fund that will be repaid by the <br /> end of the year. With no other outstanding obligations,Ehlers,the City's public financial advisor, <br /> recommended that both of these TIF Districts be decertified She commented further on how the <br /> decertification would benefit the City and recommended the Council authorize the decertification. <br /> ICouncilmember Burg explained TIF districts do not cost the taxpayers anything to establish but rather was a <br /> tool that helps property to redevelop. <br /> City Manager Lotter discussed on how students living in the Midtown Village development would bring <br /> more dollars to the school district. <br /> Councilmember Jacobsen thanked staff for the thorough report on this item and stated he was pleased to see <br /> the City was able to decertify this TIF district early. <br />