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June 9, 2026 St. Anthony Council Work Session - 4 <br /> <br /> <br />Councilmember Randle asked if this was the same as the subsidy agreement. Municipal Advisor <br />Kvilvang stated that if you enter into a subsidy agreement with a business, the business must meet <br />wage and job goal requirements and remain in operation for 5 years after the subsidy is disbursed. <br /> <br />Councilmember Jenson asked why one section requires 20 percent affordable housing at 50 <br />percent of the median area income, while the summary uses a different figure. Municipal Advisor <br />Kvilvang stated it is not different, but noted that the summary indicates these are goals, not <br />requirements, and they may not be met in this exact fashion. <br /> <br />Assistant City Manager Morello noted that it would be helpful if the Council obtained consensus on <br />whether they would like to move forward with this and if they need modifications to the proposed <br />language. Municipal Advisor Kvilvang recommended a Public Hearing, and that it would be <br />forwarded to the Department of Economic Development. <br /> <br />Councilmember Jenson noted that his questions were answered and that he has no proposed <br />changes. He commented that affordable housing would likely require TIF subsidies. <br />Councilmember Randle expressed disdain for subsidization. Councilmember Jenson amended his <br />statement, stating that the Council would be asked for TIF subsidies. Councilmember Jenson <br />noted that there have been previous developments, such as the Valero, which were done without <br />TIF. He commented that the Council should have high expectations for developers requesting TIF <br />and require them to justify their need for TIF. <br /> <br />Municipal Advisor Kvilvang noted that Councilmembers do not have to vote in favor of the <br />assistance when it is presented, but highlighted that Staff conducts thorough research to <br />determine whether the developers actually require the assistance. <br /> <br />Councilmember Randle highlighted that his concerns regarding TIF stem primarily from the lack of <br />available area for development. <br /> <br />Mayor Webster noted that these policies help explain the City's goals to developers, regardless of <br />whether TIF is approved. <br /> <br />Mayor Webster appreciated Councilmember Randle’s qualms about TIF and emphasized the <br />importance of striking a balance between using TIF to encourage development and avoiding the <br />burdens it can bring. <br /> <br />Mayor Webster asked whether the Council is comfortable moving forward with the presented draft <br />of the Public Finance Policy. The Councilmembers confirmed that they are. <br /> <br />Mayor Webster directed Assistant City Manager Morello to move forward with the policy as <br />presented. <br /> <br />B. Franchise Fees <br /> <br />Municipal Advisor Kvilvang noted that the Council had expressed interest in gaining information <br />about the implementation of franchise fees. She directed Council to the memorandum, which <br />provided an overview of customer accounts by class obtained from Excel. She noted that the <br />revenue projections would be different when data is obtained from CenterPoint, which provides <br />gas. She noted that the staff proposed three options for franchise fees that could be utilized. She <br />6