06-27-2016 Council Packet - Laserfiche WebLink

Home Search

CITY COUNCIL WORK SESSION June 6, 2016 DRAFT 6 developing something more accurate would be more palpable for people. Mr. Grochala 224 noted the finer information would still not be available without survey. Mr. Fossey added 225 that everyone that he knows who has purchased the flood insurance have been told that 226 the rates will be going up significantly next year although he doesn’t know why. 227 228 Mayor Reinert noted that information given and proposed is good and it’s also good to 229 hear of the county and a congressman pushing back on this. He can’t live with the 230 mistakes and bad data involved in this whole process. 231 232 Council Member Manthey asked Mr. Fossey if the mortgage company gave him a 233 timeline and he responded that he was allowed 45 days to sign up. Ms. Thompson added 234 that the timeline would depend upon the lender. 235 236 Ms. Hankee reviewed the council’s direction to get information to the residents and to 237 join efforts to challenge the bad information involved in the process. Ms. Thompson 238 noted that the city can participate in an accreditation process that will lower premiums for 239 those people that continue to need the coverage. Mayor Reinert suggested the city 240 should proceed on that. 241 242 Staff and the council discussed the involvement of the Rice Creek Watershed District in 243 providing data used for the maps. Mayor Reinert indicated that he will contact them for 244 further discussion. 245 246 7. American Legion Parking Lot – Community Development Director Grochala 247 noted the written staff report. The city has pretty much explored options from its 248 standpoint. The Legion has recently indicated that they are discussing submitting a 249 formal proposal that may include financing. 250 251 8. Business Subsidy Criteria Amendment – Community Development Director 252 Grochala explained that there is a council and EDA item coming to the council on 253 Monday involving this subject matter. There is certain criteria that are in place and 254 changes are recommended by the city’s bond counsel. The amendments are included in 255 the staff report and were reviewed by staff. The process will include a public hearing 256 and legal staff will be present. 257 258 Mayor Reinert asked what prompts the changes and Mr. Grochala noted a development 259 and timing that are linked to cleaning up the criteria. 260 261 9. United Properties 35E Distribution Center/TIF Request – Community 262 Development Director Grochala noted that this project has been discussed and is moving 263 to the advisory board process. The development site itself is 56 acres and it would 264 consist of an 8 acre building. A preliminary estimate of new value is about $18 million. 265 There are flood plain implications, public improvements for streets, and the developer is 266 requesting tax increment. The city’s financial consultants are looking at an application. 267 The city would capture six years’ worth of increment to be provided back (estimate $1.2 268