2005-09-14 CC Packet - Laserfiche WebLink

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City of Centerville City Council Meeting August 24, 2005 2. August 10,2005 City Council Work Session Meeting Minutes Motion by Council Member Terway. seconded by Council Member Paar to approve the Au!!ust 10. 2005 City Council Work Session Medin!! Minutes as presented. All in favor. Motion carried. IV. CONSENT AGENDA 1. City of Centerville August 11, 2005 through August 24, 2005 Claims 2. Centennial Fire District through August 17, 2005 Claims 3. Centennial Lakes Police Department Claims through August 11, 2005 4. Resolution #05-040 City Opposition to S.1504 5. Acclaim Benefits - Amendment to Current Agreement Motion by Council Member Lakso. seconded by Council Member Terwav. to approve the Consent A!!enda as presented. All in favor. Motion carried unanimouslv. V. AWARDSIPRESENTATIONS/APPEARANCES None. VI. PUBLIC HEARINGS 1. Resolution #05-039 - Creation of Tax Increment Financing District 1-6 Mayor Capra opened the public hearing at 6:40 p.m. Mr. Meyer provided an overview of the Creation of the Tax Increment Financing District and the specifics thereof. Mayor Capra noted the 23 to 25 years is the maximum but the City would keep it as short as reasonably possible. Mr. Meyer indicated that if the City has more value the term will shorten and the district can be decertified as soon as the obligations are paid. Council Member Paar indicated he is concerned about the 23 to 25 years as he is not a huge fan of TIF but because it is City property he is considering it. He then said that Staff has done a great job on the legwork. Council Member Lee indicated that downtown has not changed at all in years and he feels this would make a significant difference for downtown. Page 20f5 z