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Motion by Council Member Broussard Vickers, seconded by Council <br /> Member Sweeney to approve the Residential Recycling Program as <br /> submitted by Staff. All in favor. Motion carried unanimously. <br /> St. Genevieve's —Lawful Gambling Exemption <br /> It was noted that St. Genevieve's Church is requesting a gambling exemption from <br /> the State in regard to the gambling activities that occur at the annual chicken <br /> dinner. <br /> Motion by Council Member Sweeney, seconded by Council Member Travis <br /> to approve St. Genevieve's Lawful Gambling Exemption. All in favor. <br /> Motion carried unanimously. <br /> Tax Increment Financing Assistance — First Class Concrete <br /> Mr. March indicated First Class Concrete has requested tax increment financing to <br /> assist in the development of their proposed speculative office /warehouse building <br /> on 20th Avenue. He stated they conducted soil borings and found they will need <br /> $75,000 to $100,000 in soil corrections. The building plans are complete but they <br /> do not know if the project is feasible due to the need for soil conditions. He stated <br /> he spoke with Ehlers about the possibility of TIF eligibility and contacted the <br /> property owner to find out if he is interested in establishing the TIF district which <br /> generally costs about $5,000. Ehlers said the City could send a draft letter of <br /> intent which the property owner could show to finance agents to assist with <br /> n bt a in;nr f <br /> a b . <br /> Council Member Sweeney asked why they are locating a speculative building on <br /> this site instead of across the street in the park where there are roads and utilities. <br /> Mr. March stated the applicant purchased the property on a contract for deed so <br /> they already have a substantial investment in the property. <br /> Council Member Nelson asked if that type of poor soil conditions qualifies them <br /> for TIF eligibility. Mr. March stated he did ask that question and learned the <br /> location of peat, wood, and poor soils is not considered a contaminated site, so the <br /> soil correction would be an economical consideration and result in additional costs. <br /> He reported a manufacturing business is interested in locating in this building if it is <br /> constructed. <br /> Mr. March asked if the Council is interested in establishing a TIF District and, if <br /> so, the amount of assistance that would be provided. He stated the Council may <br /> want to review engineering estimates for the soil correction. <br /> Motion by Council Member Sweeney, seconded by Council Member Nelson <br /> to establish a tax increment district with Ehlers for First Class Concrete and <br /> authorize staff to provide a letter of intent to First Class Concrete. <br /> Page 8 of 12 <br />