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<br />I`~iITNTES <br />SP'r.,CIAL CITY CO;,'IuCILrI^~'ETING/T.'U;uLIi.t~ii.Itii.-S <br />APtIL 2G, 19R3 <br />PAC~]~, l) <br />amendment.rotion carried unanimously. <br />RESOLUTION 83-11 IiESOLUTIOlr' <br />83-11 <br />A t~;SOLUTION APPROVITIG THE PRELI~TIT+IAc~Y AT1D r'IluiL <br />PLAT Or' F~,LCON ~~O~T/S i~IO. 3 AirI:iITION AS S'J3T~IIT'lTl <br />I'ULIC <br />T~Iayor y~arkentier. moved, seconded by Counci?~tember Cierni a that a :iE~RING OTZ <br />public hearing 'ce held T'iay ll, 1983 to revi ew and accept the feasibi - FEASIBILITY <br />lity study on the utilities for the Good Value Iicmes development, STU>JY ]a'OI~. <br />and that the Clerk Administrator be authorized to publish the hear- UTILITIES <br />ing notice. The feasibility study will be made available to the public i0 FsE HELB <br />one week prior to the hearing. 511./83 <br />ayor ' ~arkentien cpened the Public Bear ing on the Subdivi lion l~.equest °ULLIC <br />from Hewlett Packard at 9:30 P.T~I. and presented the Affid~Tit of HEA~ITy'G ON <br />Publication, Affidavit of Posting and Certificate of Tailing . Hr~'L.~LETT <br />PAC Iir"~;`c7) <br />Clerk :•idmin..stx~ator ;-~:.rnes infcrr!ed that the reason for the re:;uest to S'JIDIVISIOTy <br />subdivide the Iewlett Packard propertyy is so that it may be included REQUEST <br />in the tax increment financing distri ct to help defray the cost of the <br />bonds for the stox^.-i sewer 4•.hich was installed along Gortner Avenue. <br />TAB IJCTl~E,TIL;V7 <br />Carolyn Gay asked what areas wore ? ncluded in the tax increment FI1IATdCIIJG <br />district and Fiscal Consultant Chenoweth replied that the parce7_s uI~CUSSIOir <br />to be included are (l) Gcod Value Homes development, (2} Grace . <br />CAitOLiid GAY/ <br />Lai parcel, and if subdivided, (3) the parcel upon which the proposed FISCAL COiJ- <br />Iiewlett ?ackard addition twill be built. Ile explained that due to SULTAiVT <br />an amendment to the tax increment latir stipu7_ating that s. five year CI~.E"30~~ETri <br />tax histor,~- must be prepared on any parcel included in the plan, <br />it is to the advantage of the C _t~r to subdivide the property +„o e - <br />ciude the existing buildit~.g as it was constructed ti~aithin the past <br />five years. 1~s.thout the subdivision, the tax increase an the proposed <br />I-Iewlett Packard addition would not generate significant revenue towards <br />pay-*nent on the storm sewer bonds. <br />~~alter Northrop asked ~_f Summer Street were judged to become a part of Z~ALTEI~. <br />the seT~.er dish ict and thus sharir~ in the cost, t.-ould or could Summer TdOR'gIH.Up <br />Street become ~ part of the t-a.x increment financing district. Fiscal <br />Consultan+~ Chenoweth replied that the area is in the development district <br />but it would not be included i.n the financit~; plan as only parce~.s cn <br />7arhich there is to be construction are included in the financing district. <br />Aqy sewer assessment is not part of the tax increment financing distx:~.ct. <br />i~lr: Northrup stated he had heard that if his property is assessed for <br />storm sewer it vaotzld cost ~.?~5 per square foot. Tim". TJarthrup ~~as <br />a.d<,rispc? that the cast would be approximately four tc five cents per foot. <br />ia_~ror t•arkention closed the Public fearing at 9:~~ P.T PUBLIC <br />IiF.AItING <br />Councilmember L~;gert moved, seconded by Counci.l.merrber Chestovich, that CLCSED <br />~~esolution 83-~'-2 be adopted. T:oticn carries unanimously. <br />RESOLUTION 83-'2 ESOLUTION <br />83-12 <br />b ~;ESOLUTIOTZ PEItTATNING TO Ti3E SU:B:CIVISIOTI <br />OF NS`~~~L`l'1 PnC..r~tl: COi pON.ATIOi1 Pit.OP~,Ei.TY <br />