03-28-1990 Council Agenda - Laserfiche WebLink

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MINUTES PLANNING COMMISSION March 8, 1990 financing. The City Planner reported that HUD is not giving Section 8 money for elderly housing at this time, and the market for this type of financing has been limited mainly to handicapped housing. Brachman also pointed out that the "Pay As You Go" method of TIF is being discussed, which means that the City has no risk since no TIF monies would be disbursed unless the taxes on the property are paid. Garske felt the proposal was a good use of the land, feeling that the property would not develop with a retail development. Herkenhoff declared that the Commission finds the land use as proposed by Mr. Brachman for senior citizen housing adjacent to the Garden Terrace site is in conformance with the Comprehensive Plan, and the Commission suggests that the City continue to research the feasibility of this project. Motion seconded by DeLonais. Motion carried 7 - 0. TIF,& Pat Pelstring, Business Development Services, appeared COUNTRY DR. before the Commission and reported that expansion of the Development District and TIF District for the Country Drive area are necessary. Pelstring reported that the original plan adopted by the City contained an error and did not include the four residentially -used properties adjacent to the Water Works property. It had always been planned that these properties should be included within the District. Another amendment that is necessary is to amend the TIF budget for the area. The original budget adopted includes only the first two buildings, and have included the budget amounts for all the development phases. The budget does not mean a commitment on the part of the City to that level of funding, but rather authorizes the City to fund up to the level budgeted for. Pelstring reported that the City Council will consider these corrections at a public hearing scheduled for April 11th, and Commission action is necessary prior to that date. Page 16