12/09/1998 P&Z Minutes - Laserfiche WebLink

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9 • • • Planning & Zoning Board December 9, 1998 Page 7 capacity is not enough to be competitive. The new district will be able to provide capacity for 10 years. Mr. Dunn asked if action on Resolution No. 98 - 01 is independent of the follow up on rezoning. Ms. Divine stated the action on Resolution No. 98 - 01 is independent of the rezone. The resolution is just to establish a new district. Mr. Corson mentioned if Mr. Fogerty is putting up a building and then having assessments for the utilities the City installed. Ms. Divine explained the City is able to provide assistance for assessments for new companies. Within six years the City will be reimbursed for the utilities. Mr. Robinson asked if the whole area is Hawkins Chemical. Ms. Divine stated a piece of the area is not Hawkins Chemical. She referred to the map and stated the yellow areas will be the new district. Mr. Trehus asked if all the land currently in TIF District 1 -7 will be established as a new district. Ms. Divine stated some of the land will be taken out of the district completely and the area the city has contracts with will continue as TIF District 1 -7 until 2004. Mr. Johnson noted the G M Development property is very large and asked how long it will take to develop. Ms. Divine stated the property has been slow in developing. She stated she was unsure why it is taking so long to develop. The prices are the same as the City property. The City has not been very competitive in the past two years and the TIF was not enough to compete with neighboring cities. She stated the owners are starting to see interest in developing the property. She indicated she believes the City will see full development on the property within a couple of years. The engineers have a design for a possible road or cul -de -sac to divide the property. Mr. Robinson noted there used to be a plan for a loop road to the left of Apollo. Mr. Powell stated the City has a concept plan for two cul -de -sacs for a connection to Apollo. Mr. Dunn asked if there is only one school district involved. Ms. Divine indicated there is only one school district involved. Mr. Dunn asked where the utilities start and stop. Mr. Powell stated the land is served with utilities and is not an issue. The Apollo area was serviced in 1989. The Rehbein property has been extended recently for the school district. Mr. Corson asked if the new district will relieve the City's HACA/LGA obligation. Ms. Divine stated the City's obligation will be relieved slightly. The City will make a local contribution so there will not be a HACA penalty in the new district. The penalty will be gone altogether in 2004. The City is working in the right direction.