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City Council Regular Meeting Minutes July 25, 2000 Page 8 1 Issues surrounding the Herbergers retail store were discussed and the opposition Hillcrest 2 Development has received with the Herbergers store and how that opposition relates to the TIF 3 issue. 4 Cavanaugh expressed his opinion that the Herbergers issue must be resolved before all of the 5 issues of Apache Plaza are resolved due to the fact that the TIF funds are involved. 6 Cavanaugh thanked Mr. Tankenoff and Mr. Strakota for their input. 7 Raymond Haik, 2901 Silver Lake Court NE, noted that he was present at the meeting to express 8 a concern that he developed after reading the paper and watching previous Council meetings. 9 Mr. Haik stated that he was concerned that the City was embarking on a risky investment. -Mr. 10 Haik further stated that he believed that the City would need to obtain some certainty with the 11 expenditures and zoning in order to avoid the problems that have been experienced in the past 12 with the property known as Apache Plaza. Mr. Haik presented different opinions and options 13 with respect to the potential TIF funding of Apache Plaza. 14 15 Attorney Jerry Gilligan responded to many of Mr. Haik's concerns and clarified some of the �6 issues that are before the Council. 17 Mayor Cavanaugh noted that he appreciated the comments and concerns that Mr. Haik had 18 expressed. 19 Mr. Gilligan noted that the issue at hand was to determine whether a TIF District would be 20 appropriate. Mr. Gilligan further noted that establishing the TIF District would not denote funds 21 at this point. 22 Mr. Tankenoff approached the Council and attempted to allay some of the concerns of Mr. Haik. 23 Mayor Cavanaugh invited additional input from the audience, and hearing none, closed the 24 public hearing at 8:55 p.m. 25 Motion by Horst to table Resolution 00-061 until August 22, 2000. 26 Motion carried unanimously. •