Laserfiche WebLink
City of Centerville <br />Council Meeting Minutes <br />January 2, 2013 <br />Mayor Wilharber opened the public hearing at 6:57 p.m. <br /> <br />II. PUBLIC HEARING(S) <br /> <br />1. Amendment of Development District No. 1 & Tax Increment Financing <br />(Economic Development) District No. 7 ~ Lots 2 & 3, Block 1 Royal Industrial <br />Park <br /> <br />Ms. Omdal reassured Council that the plan before them this evening is a plan which <br />outlines the proposed project; however, a development agreement that would be entered <br />into by the business owner and the City, at a later date, would refine all detailed <br />requirements. <br /> <br />No one present wished to comment on the project or the TIF Plan. <br /> <br />Motion was made by Council Member Fehrenbacher and seconded by Council <br />Member Love to close the public hearing at 7:00 p.m. All in favor. Motion passed <br />unanimously. <br /> <br />2. Res. #13-001 – Amending the Development District No. 1 & Establishing a Tax <br />Increment Financing (Economic Development) District No. 7 ~ Lots 2 & 3, Block <br />1 Royal Industrial Park <br /> <br />Ms. Omdal stated that Council had previously been provided with a resolution in their <br />packets; however, she suggested minor changes to reflect information recently provided <br />by the business owner and his architect. The most recent plan suggests initial construction <br />of less than the originally proposed 15,000 square foot building and to also construct the <br />project in phases. Phase one (1) would take place in 2013 with the construction of a <br />12,000-15,000 square foot building and phase two (2) would take place within the <br />following five (5) years of approximately 5,000-18,000 additional square feet being <br />added to the building. <br /> <br />Ms. Omdal recommended that language on page 3 of the approving resolution, (ii) be <br />modified to include the new request of the owner and to read “The project will be <br />completed in phases, with the first phase of 12,000 to 15,000 square feet constructed in <br />2013 and an additional 5,000 to 18,000 square feet estimated to be constructed within the <br />next five (5) years.” Ms. Omdal also stated that the Economic Development plan Figure <br />3-3 had been modified to incorporate the appropriate funding for the reduction in <br />building size. <br /> <br />Administrator Larson stated that the project tax increment can only support $50,000 in <br />assistance in Site Improvements/preparation costs for a 12,000 square foot building; <br />Page 2 of 4 <br /> <br />