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City Council Regular Meeting Minutes August 22, 2006 Page 2 Ms. Stacie Kvilvang, Ehlers & Associates, summarized the modification to Redevelopment Project No. 3 (Cub Foods TIF) and TIF District No. 3. Ms. Kvilvang stated as Ehlers & Associates completed the City Tax Increment Financing reports the State Auditor, it was determined the City would have excess increment ($247,405) in 2005. Excess increment is defined as increment generated in excess of what was budgeted. Ms Kvilvang stated this is typical of districts developed over 10 years ago and Ehlers recommends a full budget modification. 9 Ms. Kvilvang explained that since the City and HRA is modifying the TIF budget; Council is 10 required to hold a public hearing on the modification to Redevelopment Project No. 3 (Cub 11 Foods TIF) and the budget modification that is being proposed. She stated Council is not 12 enlarging the district; it is just modifying the budget to compliance with auditing requirements. 13 14 Mayor Faust stated it is a good to amend the budget up because there is greater increment in it 15 due to the growth of the TIF District. 16 17 Mayor Faust closed the public hearing at 7:10 p.m. 18 19 Motion by Councilmember Gray, seconded by Councilmember Stille, to approve Resolution 06- 20 069; Resolution Adopting a Modification to the Redevelopment Plan for Redevelopment Project 21 Area No. 3 and adopting a Modification to the Tax Increment Financing Plan for Tax Increment 22 Financing District No. 3 therein. 23 24 Motion carried unanimous],. 25 26 V. REPORTS FROM COMMISSION AND STAFF. 27 None. 28 29 VI. GENERAL POLICY BUSINESS OF THE COUNCIL. 30 A. Ordinance 06 -004: Single Sort Recycling, 31 32 Assistant City Manager Kim Moore -Sykes reported this is the third and final reading to change 33 the language to the City's Ordinance Chapter 5 regarding recycling collection. She stated Staff 34 met with representatives from the garbage haulers doing business in the City earlier this year 35 regarding the possibility of allowing recycling pick up every other week to accommodate single - 36 sort recycling. She stated the first reading was at the July 25`h City Council Meeting, where 37 Staff was directed to include additional language about glass as a recyclable and container size to 38 the proposed draft. 39 40 Ms. Moore -Sykes reported the second reading was at the August 8`h City Council Meeting where 41 language regarding the container size was discussed and further changes were proposed to 42 change the standard container size and recycling material was further defined as plastic beverage 43 containers. Ms. Moore -Sykes stated the Ordinance now reads under 555.01, Definitions, 44 Subdivision 3 Recyclables: Materials which may be recycled or reused through recycling 45 processes, including metal and plastic beverage containers, glass, newsprint, and any other