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that the policy needs to be reviewed and input from the EDA will help staff revise the <br /> policy to reflect what the EDA would like to see for the TIF district. Granger talked about <br /> the qualifications and asked what the difference between a redevelopment district is <br /> verses an economic development district. Denaway explained that an economic <br /> development district is basically used for industrial parks. <br /> The EDA evaluated the TIF application and the review worksheet for projects submitted <br /> to the City. Miron stated that the job creation and wage expectation needs to be <br /> reasonable for this area. <br /> Miron talked about the review worksheets point system in regards to the use. He stated <br /> that mixed-use should be as important as the office/commercial. Bever stated that <br /> housing should be a bit lower also. Granger and Denaway agreed with both. They want <br /> staff to look at this portion and change the point system. <br /> Denaway talked about the terms for TIF monies from the first year to the fifth. <br /> Miron talked about the properties that the City would like to redevelop and that we need <br /> to make sure we are ready to go ahead with the TIF district establishment. Associate <br /> Planner talked about the Egg Lake properties that the City owns and the redevelopment <br /> possibilities of that area. CD Director talked about the Holmgren property being in the <br /> middle of the area and that it may be an important piece to acquire if we can not work <br /> around it. CD Director asked if staff should go ahead with the establishment for the TIF <br /> district or should staff hold off for a little bit. Everyone agreed that staff should go ahead <br /> with the next steps to establishing the TIF district. Miron stated that he would like to <br /> know if there is an easement behind Carpenters Restaurant that abuts Egg Lake. <br /> CD Director stated that the first properties that he imagines would redevelop first are the <br /> Carpenters and the End Zone properties. Klein asked what steps the City needs go <br /> through now that we know our proposed district will qualify. Denaway stated that it <br /> would have to go to the City Council for a public hearing and then the City could certify <br /> the district. Granger asked if there was a time limit from the public hearing to the <br /> certification of the district. CD Director stated that the staff will check if there is a time <br /> limit between the two. <br /> Bever and Klein both asked if staff has been aggressive enough in acquiring the Egg <br /> Lake properties. CD Director stated that we have been acquiring them as they came on <br /> the market and staff has talked to all the property owners in that area. Granger stated that <br /> the City should not actively go out and offer to buy property. <br /> Granger stated that we need to get a marketing and promotional plan for the TIF district <br /> so people can see what we have to offer. Arcand stated that we need to keep our push on <br /> downtown redevelopment and make sure the City takes into consideration the expansion <br /> that could happen on Highway 61. CD director stated that staff will work on a marketing <br /> plan and that there is a working group for the expansion of Highway 61. Miron stated that <br /> on one of the next agendas the expansion of Highway 61 should be a discussion item. <br /> Bever asked if the rush line corridor would be a problem with the expansion. Granger <br />