04-01-2019 Council Work Session Minutes

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CITY COUNCIL WORK SESSION April 1, 2019 APPROVED 88 that there is a precedent for this tool in other city developments. He threw out the 89 possibility of cutting the requested period in half. 90 91 Community Development Director Grochala noted past use of TIF —Target Store (6 92 years); Distribution Alternatives (5.5 years) and a housing project many years ago. 93 94 Mayor Reinert asked if the council is interested in the possibility. Council Member 95 Stoesz said he is interested (perhaps a ten year period if necessary for a very difficult 96 corner); Council Member Maher thinks the project is worth the establishment of a district 97 (probably not more than 6 years); Council Member Rafferty said he likes the project but 98 he isn't comfortable at this point on the tax increment element; Council Member Manthey 99 said he would like to understand the numbers more but knows the corner will probably 100 need some help. 101 102 Mayor Reinert noted that there is more work ahead so it appears there will be more time 103 spent by the council on the subject. Community Development Director Grochala said he 104 sees the need for more work but he hears interest on the part of the council and some 105 flexibility in the time period. 106 107 A Lyngblomsten developer representative clarified that the townhome tax revenue would 108 not be included. Regarding the site selection, it's common knowledge that they've 109 looked at Arden Hills as well. He also noted that developers prefer to not include tax 110 increment in their project financing proposals but in this case it is necessary. There are 111 some right of way issues and extra costs and some high priced land. The project includes 112 a lot of costs and risk. He noted that there is a timing issue and commitments coming up 113 in the next week or so. 114 115 Mayor Reinert asked that the council educate themselves over the next week and then 116 hold a work session before next Monday's meeting to discuss the subject further. 117 118 The council requested that staff prepare a range of revenues based on the term of the 119 district. 120 121 The developer remarked that what they will need to hear in a week is that the council is 122 comfortable moving forward. 123 124 The council concurred to meet at a special session on Monday, April 8 at 6:00 p.m. to 125 discuss the matter. 126 127 City Planner Larsen reviewed her regular agenda item, 6A, also relating to the 128 Lyngblomsten project. There have been some changes to the plans which were 129 reviewed: 130 - Phasing was reviewed: 131 - At the NE corner of the development, there are changes from community garden 132 to stormwater pond to meet water management requirements; 3