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suitable to control dust and drainage and is specifically approved by the City <br />Council. <br />5. The storage area does not take up parking space or loading space <br />as required for conformity to this Ordinance and is not located in the front yard. <br />6. The property shall not abut I-35W or I-35E. <br />7. The ratio of storage area to building footprint shall not exceed <br />2.5:1. <br />8. All parking, loading and truck staging activities shall occur on site. <br />On -street parking and loading associated with the use is prohibited. <br />9. Storage shall not include material considered hazardous under <br />Federal or State Environmental Law. <br />As noted exterior storage is not allowed on property abutting 35E or 35W. <br />Staff would like to discuss possible consideration of an amendment that would allow for trailer <br />storage in these areas. Possible considerations may be to allow trailer storage as an accessory <br />use. The City could limit the location and number of trailers. Berming and landscaping would <br />be a requirement as well. <br />The Planning & Zoning Board reviewed the request and recommend amending the zoning <br />ordinance to accommodate the trailer storage. <br />Tax Increment Financing (TIF) <br />TIF is a financing tool frequently used for economic development purposes. In simple terms TIF <br />is a funding mechanism that uses the increased taxes paid by development (increment) to offset <br />project development costs. It is often used to fund public improvements, write down land costs, <br />or fund site development costs. <br />The developer is reviewing project development costs and preparing an application for City <br />review. At this time staff is interested in have a general discussion on the topic. <br />ATTACHMENTS <br />I. Distribution Facility Concept Plan <br />2. TIF Explanation Handout <br />2 <br />