09/09/2004 EDAC Minutes - Laserfiche WebLink

Home Search

in a 25-year district. Mr. Chase pointed out that tax changes also limited the amount of TIF available to projects. Members discussed senior housing. Mr. Gorowsky said the market will decide the actual number of units, and we have ranges to work within. Mr. Chase said he agrees that the market is saturated, but if we don’t grab it now in this project, where will we put it when the market comes back. Mr. Grochala said they would go back and push on senior uses. Ms. Divine noted that there are options being provided that seniors can take advantage of including rental and owner-occupied multi-family. Members don’t want to hamper the developer by demanding something the market can’t support because the tax base is needed to pay off the debt. Mr. Gorowsky moved to approve the proposal and recommend to the council that it is acceptable by EDAC. Mr. Rymer seconded the motion. Motion passed unanimously. Mr. Gorowsky moved to recommend the city pursue addressing the bridge replacement scenario to take best advantage of the $2.4 million for improvements as the city’s contribution. Mr. Rymer seconded the motion. Motion passed unanimously. Gorowsky said the steps and timing of the bridge replacement is very critical and needs to be studied. EDAC needs feedback from businesses regarding the effect. Mr. Vacha moved to recommend that the city continue to pursue senior housing as a part of the project. Ms. Hansmann seconded the motion. Ms. Divine asked for clarification if EDAC meant senior housing beyond what is already being proposed. Members want to encourage senior rental, but not tie the developer to something the market doesn’t support. Motion passed unanimously. Next meeting is October 7. Members discussed a tour of Lake Drive. It was decided that maps would be brought to the meeting for discussion of Lake Drive and opportunities for redevelopment. Meeting adjourned. 3