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Mounds View City Council November 22, 2021 Regular Meeting Page 7 1 Ayes — 5 Nays — 0 Motion carried. 2 3 E. Public Hearing: Second Reading and Adoption of Ordinance 983, an 4 Ordinance Adopting the 2022 Fee Schedule. ROLL CALL VOTE 5 6 City Administrator Zikmund requested the Council adopt an Ordinance approving the 2022 fee 7 schedule. He noted the Council takes action on the fee schedule each year noting the minor changes 8 were due to the City taking on the role of the LGU. 9 10 Mayor Mueller opened the public hearing at 7:53 p.m. 11 12 Hearing no public input, Mayor Mueller closed the public hearing at 7: p.m. 13 14 MOTION/SECOND: Hull/Meehlhause. To Waive the Reading and Adopt Resolution 983, an 15 Ordinance Adopting the 2022 Fee Schedule. 16 17 ROLL CALL: Bergeron/Cermak/Hull/Meehlhause/Mueller. 18 19 Ayes — 5 Nays — 0 Motion carried. 20 21 F. PUBLIC HEARING: Resolution 9498, Adopting Modification to 22 Redevelopment Plan and Establishing TIF District No. 1-7 (Villas of Mounds 23 View) and Adopting a TIF Plan. 24 25 Assistant City Administrator Beeman requested the Council adopt modifications to the 26 Redevelopment Plan establishing TIF District No. 1-7 for the Villas of Mounds View and adopt 27 the TIF Plan. He reported Stacie Kvilvang had further comments for the Council regarding this 28 matter. 29 30 Stacie Kvilvang, Ehlers & Associates, commented on the 26 year housing TIF District that would 31 be created for this project. She noted all 120 units within the senior housing project would be 32 affordable. She indicated 108 units would be affordable at 50% AMI, three units would be 33 affordable at 30% AMI and the remaining nine would be affordable at 60% AMI. She indicated 34 the first year of increment would occur in 2024. She commented further on the max budget for the 35 project and recommended establishment of TIF District No. 1-7 for the Villas of Mounds View. 36 37 Mayor Mueller questioned what benefit TIF Districts had on the City. Assistant City Administrator 38 Beeman explained TIF Districts allow the City to address blight and substandard properties. He 39 noted this was a complicated project because it involved four properties that would be brought 40 together for a single project. He indicated the tax valuation would not decrease, but rather the 41 property valuation would increase over time due to the redevelopment. 42 43 Council Member Hull asked if this project could move forward without TIF. Assistant City 44 Administrator Beeman reported without the proposed TIF amount, the project could not move 45 forward. 46