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MINUTES REGULAR CITY COUNCIL MEETING/PUBLIC HEARINGS JUNE'26, 1985 PAGE 2 • it may be placied in the Construction Fund. Mr. Chenoweth then explained the cash flow :Formula. The matter was interrupted for the public hearing ~ scheduled for '1:30 P.M. Mayor Eggert opened the Public Hearing on Amendment of Tax Increment Financing Plan for 1666 Coffman and presented the Affidavit of Publication. Attorney Van de North reviewed and commented on the amended plan which was prepared at the request of Attorney Mary Ipel. There being no one wishing to be heard, Mayor Eggert closed the Public Hearing at .7:43 P.M., and moved the adoption of Resolution R-85-31. The motion was seconded by Council- member Hard and upon a vote being taken, passed unanimously. RESOLUTION R-85-31 A RESOLUTION APPROVING THE MODIFIED TAX INCREMENT FINANCING PLAN FOR DEVELOPMENT DISTRICT N0. 1 Mayor Eggert moved, seconded by Councilmember Ciernia, that Resolution R-85-32 be adopted setting a Public Hearing on Reduction of Economic Development District No. 1 Within Development District No. 1 for 7:10 P.M., July 24, 1985, and a Public Hearing on Creation of Tax Increment District No. 3 Within Development District No. 1 for 7:15 P.M., July 24, 1985, and authorize publication•of the same. Motion carried unanimously. RESOLUTION R-85-32 RESOLUTION CALLING FOR PUBLIC HEARING ON THE REDUCTION OF ECONOMIC DEVELOPMENT DISTRICT N0. 1 WITHIN DEVELOPMENT DISTRICT N0. 1 AND THE CREATION OF TAX INCREMENT FINANCING DISTRICT N0. 1-3 WITHIN DEVELOPMENT DISTRICT NO. 1 Council again resumed discussion of the Tatum Street improvements and Mayor Eggert read into the record written comments made by persons who submitted the information during the two day period following the Public Hearing held June 12, 1985 (copies of which are on file in the Clerk's Office). Council discussed at length the value of curb and gutter in street reconstruction (adds 10 years of life to the street and snow plows do not tear up boulevard area, .the advantage of bidding the project with the Coffman project, and completion date - October, 1985). Councilmember Chenoweth moved, seconded by Councilmember Ciernia, that Resolution R-85-33 be adopted. Motion carried unanimously. RESOLUTION R-85-33 A RESOLUTION ORDERING TATUM STREET IMPROVEMENTS OF 1985 AND DIRECTING PREPARATION OF FINAL PLANS AND SPECIFICATIONS Councilmember Baldwin arrives. At 8:00 P.M. Mayor Eggert opened the Public Hearing on the proposed Hamline Avenue improvements and presented the Affidavits of Publication and Mailing. Engineer Schunicht presented an overview of the proposed project and explained the procedure required by State Statute. He also explained the need to reconstruct the alley running from Albert PUBLIC HEARING ON COFFMAN TIF AMENDMENT &:30 P.M. RESOLUTION R-85-31 RESOLUTION R-85-32 TATUM STREET IMPROVEMENT DISCUSSION RESUMED RESOLUTION R-85-33 COUNCIL- MEMBER BALDWIN ARRIVES HEARING ON PROPOSED HAMLINE AVE IMPROVEMENT S