07/10/1985 Council Minutes - Laserfiche WebLink

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05( `SPECIAL JOINT MEE`J I N'; July 10, 1985 Mayor Benson called to order the special joint meeting of the City Council, Economic Development Committee, Park Board and Planning and Zoning Board at 5:30 F.M., Wednesday, July 10, 1985. The following persons were in attendance: Council: Benson, Marier, Kulaszewicz, Reinert Economic Development Committee: Jim Shafer, Harvey Karth,, Arnie Kelling, Linda Carlson Planning and Zoning Board: McLean, Doocy, Cody, Ostlie, Prokop Park Board: Ken Johnson, Ray Johnson, Lindy, Sacco, Scherer, Nissen, Flannery Others: Schumacher, City Administrator; Kluegel, Building Official; Joe Torgerson, potential community business- man; Dan Wilson, Wilson Management Services; Foster, Secretary. Zack Johnson, Planner arrived at 5:45 P.M. Mayor Benson stated that the purpose of this meeting was for the Park Board and the Planning and Zoning Board to communicate their concerns and responsibilities with regard to park and public land dediciations; communications between all the committees with regard to the comprehensive land use plan review; communications between all the committees with regard to economic development and tax increment financing within the community. All attendees introduced themselves and stated the board on which they serve. ECONOMIC DEVELOPMENT /TAX INCREMENT FINANCING Mayor Benson introduced this evening's guest, Mr. Dan Wilson of Wilson Management Services, who had been requested to attend to introduce all in attendance to the idea of tax increment financing and answer any questions on that subject. Mr. Wilson stated that he had been in the tax increment financing business for approximately 16 years, generally working with small communities. He explained the basic workings of tax increment financing as follows: In order to maintain integrity and high standards in welcoming new business, small communities are urged to take a leadership role in economic development, rather than dealing with after - the -fact situations. Economic development is very time - consuming and should be considered an investment of the City. If considered an expense, it will never get off the ground. A tax increment financing program would prepare the City for dealing with developers when they come before the City with proposals. A particular area within the City should be designated as conducive to possible tax increment financing. This type of financing could only be considered within this area, however, each individual proposal within this area could be approved or denied.