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City Council Regular Meeting Minutes January 28,2003 • Page 4 Motion carried unanimously. Mr. Prosser reviewed the activities which will be required to complete the redevelopment for the Northwest Quadrant Revitalization Project. Mr. Prosser stated the City will need to create a Redevelopment Tax Increment Financing District in order to assist in paying for the public costs associated with the redevelopment. He stated Ehlers &Associates is in the beginning stages of providing information so the City may establish a Tax Increment District. He said a public hearing will be required as a part of this process. Mr. Mornson stated proposals are currently being requested for firms to do the inspection. He said this will also be reimbursed by the Developer. Councilmember Horst asked if work has already been done on the previous development efforts. City Attorney Gilligan stated those determinations were done at least three years ago,but new inspections need to be done in order to update the reports. Mr. Prosser stated they are in a position to expedite the approval process. He said Ehlers& Associates, Mr. Gilligan's firm and the City stay in touch with the legislative issues. He stated the reason inspections need to be done is because property is being added,the rules have • changed, and the inspections are dated. Mr. Prosser stated the Development Concept Review is where the Developer prepares a concept that responds to the City's needs and is market and financially feasible. He noted that one of the issues identified by the community is affordable housing. He said this will be addressed as they proceed to the Development Concept Review. He said the primary focus is to make sure the City remains viable. He noted that this step will be closed when the Developer brings back the final development framework and it's accepted. He said the formal planning review process begins after this. Mr. Prosser said the Land Use Approvals is an activity which identifies and reviews all land use and other regulatory approvals required for development. These Land Use Approvals are separate and independent from the Development Concept Review and the Developer Assistance Agreement. Mr. Prosser stated the Development Agreement is the next step which outlines the level and form of assistance to be provided to the Developer. He said this includes both financial assistance and land assembly. It also specifies Developer performance for type and timing of development. He said the final development concept is part of the final Development Agreement(subject to land use approval). He said an outline of the Development Agreement will be submitted in the next few months. • Mr. Mornson asked if the Development Agreement and the PUD (Planning Unit Development) could be done simultaneously. City Attorney Gilligan responded that was the hope. He said it __ makes sense to put them together within the same time frame, if possible.