04/27/1992 Council Minutes - Laserfiche WebLink

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300 COUNCIL MEETING APRIL 27, 1992 Council member Neal moved to approve Resolution No. 92 - 52. Council Member Elliott seconded the motion. The motion carried with Council Member Kuether abstaining. Resolution No. 92 - 52 can be found at the end of these minutes. SET PUBLIC HEARING TO AMEND TIF DISTRICT 1 - 4 FOR JUNE 22, 1992, 6:45 P.M. Mr. Tesch explained that this district is currently an Economic Development TIF District. The City Council has until July 26, 1992 to change this district from the present designation. If the designation is not changed by then, the district will remain an Economic Development District for the next six (6) years. Mr. Tesch noted that at the April 22, 1992 Council Work Session, Mr. Roger Derrick presented a proposal for senior housing for this particular district. The City Council did express preliminary approval of the concept and asked Mr. Derrick to present additional information. If the City Council decides to approve senior housing for this TIF district, the designation must be changed to a Housing District. The City Council will have to act on this matter prior to the July 26, 1992 deadline. Council Member Kuether asked why the Council would change the district at this time when the Council is not sure that senior housing will be constructed in this district? Mr. Tesch explained that the district is not a good location for the Economic Development District. He further noted that if the current senior housing proposal fails, it is likely that some other type of housing will be constructed in the district. Since this is the probability and the time for changing the TIF designation will expire July 26, 1992, the public hearing is being set at this time so that the Council does not loose the opportunity to change the TIF district designation if they so desire. Mayor Reinert asked if Council Member Kuether was suggesting keeping the current designation and possibility loosing the district entirely. Council Member Kuether noted that this particular TIF district could be moved to another location. She said that she is worried that TIF money would be used when it was not necessary. Both Mayor Reinert and Council Member Kuether agreed that this particular TIF district was not in a good area for economic development. However, Council Member Kuether asked if the proposal for senior housing needed TIF money. Mayor Reinert explained that the proposal for senior housing is far from approved and could fall by the wayside. Council Member Elliott moved to set the public hearing. Council Member Neal seconded the motion. Motion carried unanimously. PAGE 14