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City of Centerville <br />Council Meeting Minutes <br />November 13, 2019 <br /> <br /> <br />Council Member Koski felt that the market should dictate development and developers should not <br />require assistance if the project and market are strong. He had concerns regarding abutting <br />themselves, the use of TIF for commercial construction rather than residential construction and the <br />added tax burden for residents for such items as public safety services, general services, etc. as <br />taxes will not be collected but the 53 units will be utilizing those services. <br /> <br />Council Member Montain stated that a shorter term would be easier to consider along with <br />additional concessions to decrease the TIF amount. Mayor Paar concurred and stated that <br />additional concessions should also be considered such as the possibility of decreasing the purchase <br />price of the land, etc. <br /> <br />Mr. Patrick Brama, Trident Development, introduced himself to Council and stated that he would <br />answer questions if they had any. <br /> <br />Council Member Koski stated that three proposals were received by Council in April with the <br />entire cost of the project being 9.7-9.8 million. He questioned whether costs would change of the <br />next year and by how much and would that increase be a part of the negotiations. Mr. Brama <br />stated that costs would increase but those are risks to the developer. He also stated that when first <br />presented several designs were discussed and Council desired a more French architectural aspect, <br />commercial space and meeting the communities goals. He reassured Council that Trident <br />Development is not taking the approach of the increase to construct the building with a negotiated <br />increase for TIF funding. Mr. Brama stated that the soils are not suitable for the proposed <br />foundation and they would be installing geopiers which will also increase the costs. Finance <br />Director DeJong stated that the taxable value is based off of projections of cash flowing through <br />the business, and factors of affordable units will effect that amount. <br /> <br />Council Member Love asked whether Trident Development had other developments utilizing the <br />same financing. Ms. Brama stated either Trident is in the middle of construction or completed <br />over 30 projects within the last 10 years within the communities of Brooklyn Park, Lake Johanna, <br />Carver County, North St. Paul and Maple Grave. He stated that half of these projects involved <br />TIF. <br /> <br />Administrator Statz stated that if taxes exceed the projections than the period of time could be <br />shorter than the 20 years and if the project does not perform to the projections the City does not <br />pay beyond 20 years. Mr. Brama stated that Trident Development is open to negotiations. <br /> <br />Council thanked Mr. Brama for his time. <br /> <br />Mayor Paar opened the floor to audience participation and comment. <br /> <br />Ms. Kati DuFault, 7045 Centerville Road, stated that she lives directly across from the proposed <br />development and believes that she has a huge interest at stake. She stated that she has emailed <br />Council Members regarding her concerns and questioned whether a market study has been <br />completed for this project and whether it is needed in Centerville. She stated that the Council is <br />basing their decision on plans that are from 10 years ago. Mayor Paar stated that he believed that <br />Page 7 of 11 <br />9 <br /> <br />