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<br />I <br /> <br />I <br /> <br />I <br /> <br />Council Minutes <br />June 26, 1984 <br /> <br />Benke asked why the hearing would not be sooner than <br />July 24,.198~. Winkel~ responded that time was required <br />for publlcatlon tD notlfy the school districts, county <br />etc. ' <br /> <br />Schmidt asked how one would get back the value of the land <br />if we wish to use those funds for expansion of the city , <br />hall; how do we get the dollars out; is that an irrevocable <br />choice? <br /> <br />Winkels responded that the Tax Increment law had been <br />changed so that monies could not be used for pUblic <br />buildings. However, the city's original tax incre- <br />~ent plan designated the public safety building and <br />lt could be argued that the city was, therefore, <br />grandfathered in its use of tax increment monies <br />for the public building. <br /> <br />Schmidt then asked if the city were going to build a new <br />facility, would that site need to have been within the <br />original Tax Increment Financing District to collect those <br />do 11 a rs . <br /> <br />Winkels responded that the site would have to be in the <br />same project area. <br /> <br />Schmidt indicated the need to encourage redevelopment in <br />the city and would like to have staff consider a stream of <br />dollars with regard to what might be flowing with the sale <br />of city-owned parcels and what choices we might be making. <br /> <br />Blomquist agreed it was necessary to do this project and <br />worthwhile calling a hearing; also interested in the <br />stream of dollars. Feels there is a question if Thermo <br />King should be added to the district after-the-fact. <br /> <br />Harcus and Janecek agreed with the analysis for flow of <br />dollars for now and future times. <br /> <br /><. <br /> <br />Benke felt that city hall imprDvement project should <br />stand Dn its own merits and the city shouldn't plan on <br />receiving monies from the sale of land to offset the <br />cost; agrees with stream of dollars but feels it should <br />stay with development activity, not administrative <br />space for the city. <br /> <br />Schmidt mentioned that we have two parcels of land in <br />the proposed district and we have a right to know what <br />the fair market value is, and to be paid dollar-for- <br />dollar; wants to know what we are giving up for future <br />development purposes. Would like to know what options <br />are being precluded. <br /> <br />Blomquist was pleased tD find out about this opportunity, <br />and felt the opportunity could be kept open to use all or <br />part of the monies along with, or instead of, bonds. The <br />decision could be made when it is appropriate. <br /> <br />Page Five <br />