Laserfiche WebLink
Mounds View City Council November 22, 2021 <br />Regular Meeting Page 7 <br /> <br />individual within each unit that was 55 years of age or older. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />E. Public Hearing: Second Reading and Adoption of Ordinance 983, an <br />Ordinance Adopting the 2022 Fee Schedule. ROLL CALL VOTE <br /> <br />City Administrator Zikmund requested the Council adopt an Ordinance approving the 2022 fee <br />schedule. He noted the Council takes action on the fee schedule each year noting the minor changes <br />were due to the City taking on the role of the LGU. <br /> <br />Mayor Mueller opened the public hearing at 7:53 p.m. <br /> <br />Hearing no public input, Mayor Mueller closed the public hearing at 7: p.m. <br /> <br />MOTION/SECOND: Hull/Meehlhause. To Waive the Reading and Adopt Resolution 983, an <br />Ordinance Adopting the 2022 Fee Schedule. <br /> <br />ROLL CALL: Bergeron/Cermak/Hull/Meehlhause/Mueller. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />F. PUBLIC HEARING: Resolution 9498, Adopting Modification to <br />Redevelopment Plan and Establishing TIF District No. 1-7 (Villas of Mounds <br />View) and Adopting a TIF Plan. <br /> <br />Assistant City Administrator Beeman requested the Council adopt modifications to the <br />Redevelopment Plan establishing TIF District No. 1-7 for the Villas of Mounds View and adopt <br />the TIF Plan. He reported Stacie Kvilvang had further comments for the Council regarding this <br />matter. <br /> <br />Stacie Kvilvang, Ehlers & Associates, commented on the 26 year housing TIF District that would <br />be created for this project. She noted all 120 units within the senior housing project would be <br />affordable. She indicated 108 units would be affordable at 50% AMI, three units would be <br />affordable at 30% AMI and the remaining nine would be affordable at 60% AMI. She indicated <br />the first year of increment would occur in 2024. She commented further on the max budget for the <br />project and recommended establishment of TIF District No. 1-7 for the Villas of Mounds View. <br /> <br />Mayor Mueller questioned what benefit TIF Districts had on the City. Assistant City Administrator <br />Beeman explained TIF Districts allow the City to address blight and substandard properties. He <br />noted this was a complicated project because it involved four properties that would be brought <br />together for a single project. He indicated the tax valuation would not decrease, but rather the <br />property valuation would increase over time due to the redevelopment. <br /> <br />Council Member Hull asked if this project could move forward without TIF. Assistant City <br />Administrator Beeman reported without the proposed TIF amount, the project could not move