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I I I Council Meeting Minutes May 13, 1986 street were closed it would make the park a little larger, might cut down on traffic that St. John's is concerned about, and did not understand the concern about fire when most of the village is a long, long way from the fire station and most of the residents present live within a few blocks of the fire station. Williams further stated that if a hotel and a senior housing project do go in, they would bring unwanted traffic through the residential area. Resident stated if the street were closed, they would have to go all the way around; Benke stated one of the original considera- tions of the council was a matter of convenience as compared to pedestrian safety. Gunderman restated William's statement that no park plan had been approved, thanked the residents for their thoughts and concerns, asked them to stay for the park plan, and moved, seconded by Benke, to RECEIVE THE PETITION AND REFER IT TO STAFF FOR REVIEW FOR A REPORT TO COUNCIL AT THE MAY 27, 1986, COUNCIL MEETING. Benke asked Tom Chock if he would act as a spokesperson for the neighbors for the next few weeks; Chock stated he would. Mayor directed receipt of an additional 14 signatures on the petition. Representative of St. John's church briefly summarized Father Grieman's letter. Brandt asked staff to look at the issue of whether or not it would be possible to close the street for short periods of time. Schmidt would like to have staff gather data to determine what the use of the street is currently. Williams expressed a need to find out why the street should not be closed. Resident stated that no matter what is done, the church's parking lot will be a short cut. 5 Ayes - 0 Nayes, Motion Carried Egan stated Rick Poston, Financial Policy Advisory Board Chair- person, was present to make a presentation to the council on a resolution establishing a tax increment policy. Poston reviewed the staff report, stating they were charged with developing a policy statement for the use of tax increment by the city, never asked to judge or study the merits of the use of taxdincrement financina. .Poston believes the cjty has wisely Ose ~ax lncrement tlnanclng as one ot lts development tools. Page Five Tax Increment Policy Report 86-101 Resolution 86-46