1999-06-22 - Laserfiche WebLink

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I I I Council Meeting Minutes June 22, 1999 Page 3 Public Hearing. continued Wiessner noted the issue of fiscal disparities, and recommended research into methods which places TIF districts back onto the tax rolls in shorter periods of time, Locke said the financing process is very critical to recovering redevelopment costs, and the ultimate goal is to create a tax base to eventually generate tax revenue. Benke acknowledged the County's response is a valid concern. Larson asked if the school district and County would participate in the financing needed during the TIF process. Locke said the City has a good working relationship with the school district and County, but clearly the City has the primary role for redevelopment. Benke said the creation of TIF districts eventually provide benefit to the entire community through job creation and tax revenue. Staff will provide a revenue strategy report to the County on existing TIF Districts. There were no comments from the audience Motion by Gunderman, seconded by Larson to CLOSE THE PUBLIC HEARING. 5 Ayes - 0 Nayes, Motion Carried, Motion by Larson, seconded by Hoffman, to WAIVE THE READING AND ADOPT THE RESOLUTION MODIFYING THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO.1, MODIFYING THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT DISTRICT NO.1 THROUGH 20, 23 AND DISTRICTS NO. 25 THROUGH NO. 28 TO REFLECT INCREASED PROJECT COSTS WITHIN DEVELOPMENT DISTRICT NO.1 AND CREATING PROPOSED TAX INCREMENT FINANCING DISTRICT NO. 29 AND APPROVING AND ADOPTING THE PROPOSED TAX INCREMENT FINANCING PLAN. 5 Ayes - 0 Nayes, Motion Carried. Council Business City Engineer Les Proper presented installation of a new street light at the intersection of 16th Ter. and 23rd Ave. NW, and lease takeover of the 16th Ter. cul-de-sac street light. Sixteen Ter. is a new street serving the new Stony Lake residential subdivision, A petition supporting the street light was signed by two of the four property owners who abut the area, Also, it is City policy to install street lights at all intersections. Motion by Gunderman, seconded by Hoffman, to WAIVE THE READING AND ADOPT THE RESOLUTION ORDERING INSTALLATION OF NEW STREET LIGHT AT THE INTERSECTION OF 16TH TER. AND 23RD AVE. NW AND CITY TAKEOVER OF LEASE FOR EXISTING STREET LIGHT AT THE END OF THE 16TH TER. CUL-DE~SAC. 5 Ayes - 0 Nayes, Motion Carried. City Manager Matthew Fulton presented a recommendation to reject the bid received from Interstate Power Systems for the purchase of the Family Service Center generator. Public Hearin~ Creation of TIF#29 and District #1 Report 99-144 Resolution 99-056 Council Business 16th TeL Street Lights Report 99-145 Resolution 99-057 FSC Generator rebid Report 99-146