09-26-1996 - Laserfiche WebLink

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City staff. In addition, the owner of property next to the Silver Lake Pointe Apts. is interested in marketing his site for development These properties are in Priority Area No. 3,which is from County Road I to Silver Lake Road. Coordinator Bennett explained that there are many issues that need to be taken into consideration such as access to the sites, market demand for • uses, wetland and drainage issues, compatibility with residential uses, zoning restrictions etc. prior to evaluating what type of assistance or role the City would play in planning the development for this area. Coordinator Carlson suggested that the EDC develop a request for proposal for the area. The RFP should include studying the area to address the issues mentioned and draft plans be put together for what types of development would be most beneficial to the City in terms of tax base, jobs and aesthetics. Motion/Second: Carlson/Sjoberg moved to request approval from the EDA to develop a RFP and interview candidates to study Priority Area No. 3 (Section 9) of the Proposed Draft Highway 10 Redevelopment Plan Motion Carried 4 ayes 0 nays D. Discuss and Review Revised Tax Increment Policy Coordinator Bennett discussed changes to the draft tax increment policy taking into consideration the recommendations from tax increment consultants from Briggs &Morgan, Casserly Molzan and Associates and Kennedy&Gravin. It was suggested that the point system be used only as a tool for the EDC but should not be considered a procedure to determine the amount of tax increment. In addition, it was recommended that the point system be reevaluated to address redevelopment vs. new development. Chair Nelson sur•ested that staff bring back an example of a redevelopment project that could be plugged into the point system. E. Discussion of Everest Proposal for TIF Assistance Coordinator Bennett noted that since there was not a quorum at the July meeting that Everest requested that they present their proposal to the EDA for consideration. Staff is still evaluating the proposal and has requested additional information from Everest before further negotiations take place. Motion/Second: Goff/Carlson moved to table this item until further information is received by staff. Motion Carried 4 ayes 0 nays Reports From Chair, Commissioners and Staff: Chairman Nelson suggested that the next EDC meeting be held at 7:30 a.m. instead of in the evening. This may be a more convenient time for the members to attend meetings since may times he gets stuck at work in the evening but usually can arrange to be a little late. Motion/Second: Nelson/Sjoberg moved to hold the September 26, 1996 meeting at 7:30 am instead of 6:00 pm if this time is more convenient for the majority of the Commission Motion Carried 4 ayes 0 nays