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Planning Commission Regular Meeting Minutes • January 16, 1996 Page 8 1 commercial has decreased, residential has increased and reiterated the redevelopment of Apache 2 Plaza is critical. 3 Commissioner Franzese inquired what is the length of TIF. Mr. Larson responded a length of 4 25 years is generally used, but the Council has been sensitive to complete projects in 15 years or 5 less to get projects on the tax rolls as soon as possible. Mr. Larson indicated the Planning 6 Commission can be sensitive to valuation concerns with regards to any project in the City. 7 Chair Bergstrom indicated a low interest housing program currently in Illinois to increase the 8 " residential of the City, and inquired if a similar program would work in St. Anthony. Mr. Larson 9 responded there was discussion on a similar project. Chair Bergstrom questioned if this program 10 would be hard on the budget. Mr. Larson responded it would not be, but added there is a limited 11 amount of TIF money to be used. He continued a concern would be to attract the type of people 12 that would keep their properties in good condition, so as not to defeat the purpose. 13 Commissioner Makowske inquired if there were any major capital improvement projects planned 14 by the City beside the road project. Mr. Larson responded that due to the budget, the 1996 road 15 improvement project has been postponed until next year, and may change to an every other year 16 project permanently. Commissioner Makowske an inquired if there have been changes to TIF rules in the last few q Y 18 months. Mr. Larson responded the City currently has five TIF projects now, and the long range 19 goal is not to increase the number of TIF's, as there are now penalties, for establishing new 20 districts. 21 In closing, Mr. Larson stressed his presentation was an overview of some of the financial issues 22 which he has been involved. He asked the Planning Commission to be aware that the ultimate 23 decision of all financial issues and the direction St. Anthony takes lies with the City Council and 24 ultimately the residents of the community. 25 The Planning Commission gave their thanks to Mr. Larson for his presentation. 26 Chair Bergstrom recessed at 9:00 p.m. The Planning Commission reconvened at 9:05 p.m. 27 IX. MISCELLANEOUS UPDATE/REVIEW. 28 A. Review Apache Plaza EAW 29 Kim Moore-Sykes, Management Assistant, indicated a copy of the proposed environmental 30 assessment worksheet that has been submitted. Chair Bergstrom, Commissioner Makowske, and Commissioner Franzese indicated they wished to have a copy.