04-10-2013 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL APRIL 10, 2013 ARBOR I)AY PROCLA- MATION TIF DISTRICT NO. 6-1 Mayor Blesener proclaimed Friday, April 26, 2013 as Arbor Day in the City of Little Canada. Blesener invited the public to an observance of Arbor Day and Arbor Month which will be held on Friday, May 3, 2013 at 1:00 p.m. in Spooner Park. Mayor Blesener opened the Public hearing to consider the Modification of Development District No. 6, Modification of Tax Increment Financing District No. 6 -1 within Development District No. 6, and Adoption of a Modified Development Program and Modified Tax Increment Financing Plan. Mark Ruff, Ehlers & Associates the City's Tax Increment (TIF) Financial Advisor, appeared before the Council and presented an overview of the proposed action to modify TIF District No. 6 -1 and adopt a modified Development Plan and TIF Plan. He noted that modification to the development program for Development District No. 6 includes the expansion of the boundaries of the District and represents a continuation of the goals and objectives set forth in the Development Program for Development District No. 6. He noted that the District is an existing redevelopment district and was originally established in 2009. The action before the Council will expand the boundaries of the District adding two parcels (2945 and 2959 LaBore Road) which will result in a better lay out and greater number of units for the proposed redevelopment of the property in question (15 single - family dwellings). Ruff indicated that TIF is proposed to be used to help in the cost of acquisition, demolition, public improvements, and site improvements for the development in question. Ruff reported that the County and School District have been given a 30- day comment period on these modifications, and have not submitted any comments. Ruff also indicated that the actions this evening will give the City the legal authority to proceed. Once action is taken, TIF financing details will be finalized. Ruff noted that as part of the expansion of the District, the Building Official reviewed the buildings on the property in question and has found that more than 50% of the buildings are in need of demolition. He also noted that the Planning Commission has found that the development proposal is appropriate under the City's Comprehensive Plan and Zoning Ordinance. Briggs & Morgan, the City's Bond Counsel, has reviewed the proposal and finds it to be in order. Blesener clarified that the City has met the criteria necessary for expansion to take the proposed TIF actions. Ruff replied that that was correct. 2