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~~~zr,~ures <br />c;ty coun~~~ <br />~eb. 26, 198& <br />f:l~ferly It ~~as also the concens~as of the Council tha~t'~4r. Johnson and h9rs. <br />Fiousing Scalze and D1s. P!ardini ~vou1c! work t;orether on a mailing to I_ittle ~ <br />(Cont.1 Canada residents to detereiine if th~re is a m~r!~et in I_ittl~ Canada <br /> for i:^,ar'r,et-rate senior rioi.isinn. This wouid i>e scnt o~it; as a <br /> separat^ ,~iailing, and Mr. Johnson in~Jicated ~hat he t~as ~,rillinq <br /> to pay for thn mailin~. <br /> 7he City Cler:.< v~as instructed to obtain mailinr, labels from the <br /> County. <br />Tax Increment The Planner reporterl t'nat there are tl~ree tvnes of tax increment <br />I'inancing projects: economic develoF~ment proj~c~ts, redFVelonm~nt projects, <br />Report and 'nousinq projects. The economic development project is limited <br /> to 10-year bonds s~~hile the recfevelop!rient project and hous9ng orojects <br />Agenda Piave ?5 years to nay off boncls. ~lso, there a.re certain qualifications <br />Item ~!o. 9 that rnust be met in the designation nf these pro,iects. <br /> 7he Planner further reporter.l that the "ity can designate a tax <br /> increment c~'istrict ~t any time it ,vai~ts. Statistics must be nut <br /> toeether a.nd for~r?al notir.e made that the area ~;iill be subject to <br /> a tax increment prn;iect. <br /> to have a tax increment uroject, the City must have ~ dev2loper <br />F{o~~~ever <br /> , <br />si~ned on the dotte<I lin~. The Ci+.y cannot simply declare an area <br /> a tax increm^nt district t~ith no develo~er in hanci. <br /> ?4rs. Scalze reported ttiat the City had a developer te11 theei that <br /> ~1r~as can be set aside as tax increment areas without a develoner. <br /> 7he Planner comm~nted that the City can set aside the first d~istric,t <br /> a~~ithout a develoner. Thi:~ serves as a sinnal to developers and is <br /> used as a mar':etiny tool by the City. <br /> i~r. [3lesener reported ~that the City s~~ants ~o te11 dev~lo~~rs that <br /> they are interested. <br /> ~"r. Fahey requested that the °lanner give the C,ounr.il his recommenciations <br /> on ho;~ to oroceed N!if,h this. Fah~y pointed ou~t that trie I:.c~tnomic <br /> Developr.ient Committee has indicated five areas in the Sity that <br /> ShOUId be COnSidnred. <br />The Nlarmer reported that he ~~ao~.~ld look at t4~~seareas anel ttioiaght <br />~hat the City might want to extend th~ suynestPd boundaries in sorie <br />instanr,es. The °lanner reportec( that he idoi.ild have a renort ready <br />by the P1ar~h 5 Coi,incil me~i.ing. Ttie Planner a1so indicated that it <br />the P~arch 5 meeting, Rrad Farnham ~f Juran & fqoody cou1d explain <br />the bondinq nortion of t'nis topic. <br />Scal ze askec~i i f the P1 anner ~~oul d i nc!i cate ~vhe1:her the supgest~d <br />areas snoi.ild be designated as ecanomic devalopment or redevelopment. <br />7he Pl anner renl i e8 that he ~,voi.il d. <br />paqe _~q_ <br />