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r City Council Minutes April 12, 1995 Page 7 aCJO (a.) Mayor Baldwin concluded the discussion by noting his satisfaction with the current owner of the Falcon Crossing site. He reiterated that the taxes on the site may be a burden to the owner, but that burden was known to the applicant when the property was purchased. Baldwin stated that he would like to get the property off of the TIF roll without breaking the financial covenant made with taxpayers. If new funds that could not otherwise be available to the city are available to get the property off the TIF roll, those funds could be dedicated to relieving this property's tax burden. Councilmember Jacobs moved the following: "The city council denies the applicant's request to defease the bonds and amend the assessment agreement on the Falcon Crossing property (formerly Bullseye Plaza) because of the potential negative impact that it would have on all city property taxpayers from the loss of anticipated tax increment revenue to implement planned public improvements and revitalization efforts in the city as identified in the tax increment plan, including the reconstruction of Larpenteur Avenue and the commercial revitalization of the southeast corner." Councilmember Jacobs stated that he does not want to bring to end any discussions of apublic-private partnership on this issue. However, he also stated that he hopes the motion brings to an end any discussions regarding "cutting a deal" regarding the TIF arrangement. Councilmember Gibson Talbot remarked that she would not be in favor of amending the assessment agreement even if there is $650,000 in other funds (like CDBG) available. Mayor Baldwin asked Gibson Talbot if she would favor a termination if the money came from a new source, such as funding from the legislature specifically to pay off the bonds. Councilmember Gibson Talbot replied that would be acceptable, provided that the funds come from a source not already available to the city. The motion to deny the applicant's request, as noted above, was voted upon and unanimously approved. CITY INFORMATION AND ANNOUNCEMENTS Councilmember Gehrz announced that the Ramsey County League of Local Governments would be holding a session on crime at their April 19th meeting. The public was invited to attend. Mayor Baldwin reported that he'd recently attended the AMM Urban Issues Task Force and had participated in a good discussion on common concerns such as affordable housing. He also reported on a compliment he'd received from a resident about the city's excellent police and rescue service.