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CITY COUNCIL WORK SESSION SEPTEMBER 5, 2001 <br />assessments off early. Staff can discuss that option with the developer per Council <br />direction. <br />Council Member Reinert stated five (5) years would be a better term for the subsidy <br />agreement. A cap on the time and dollars is also an option. <br />Council Member O'Donnell stated he would also like to see a five -(5) year pay back <br />period. <br />Council Member Carlson stated the total subsidy amount has not changed. She expressed <br />concern about the City not collecting fees that it normally would have collected. She <br />stated an eight -(8) year pay back period is too long. <br />Mayor Bergeson stated he looks at it like the City is going to abate a certain amount of <br />money for a certain number of years. In addition, the City won't cft t some fees in year <br />one. Also, in year one the City would be collecting a lot more <br />without the development. He indicated he would support a <br />Council Member Dahl stated the fees are troublesome <br />year pay back period. She stated she would do wh <br />refunding the fees for six (6) months, as the Fin <br />Council Member Carlson stated the cost of <br />eight (8) years to cover all the costs. Fi <br />$519,000. Other business owners i <br />is. She indicated she wants the d <br />would not get <br />ay back term. <br />support a five -(5) <br />or the City as far as <br />tor has recommended. <br />services will go up and it will take <br />f tax abatement is approximately <br />unity want to know where their abatement <br />come down on the abatement. <br />Economic Development As vine noted that basically all the community dollars <br />are spent outside of the city.at amount is quantifiable. <br />Council Member Reins, ed the figures on the building permit fees. <br />Council Member Carlso =„ tated she wants to see a contract with JADT and an agreement <br />that Ryan will pay the same price for that property. <br />This item will appear on the regular Council agenda Monday, September 10, 2001, 6:30 <br />p.m. <br />Update on Village — Economic Development Assistant Divine distributed and briefly <br />reviewed a draft of the application the City is submitting for the Livable Communities <br />Grant. The application is basically the same application that was submitted last year with <br />updated figures. The application is due September 26, 2001. The Metropolitan Council <br />is required to designate the funds by the end of the year. <br />2 <br />