HomeMy WebLinkAbout2007-01-24 WS
City Council 2007-01-24, 7:30 p.m.
Minutes of Work Session
Present were Mayor Mary Capra, Council members Michelle Lakso, Jeff Paar, and Tom
Lee. Also present were City Attorney Kurt Glaser and Administrator Dallas Larson.
Absent was Council member Linda Broussard.
The purpose of the work session was to continue discussion of the redevelopment of
downtown. The Council discussed the tax increment financing projections that were
prepared by staff. Some members expressed concern over the potential for a 25 year TIF
district. While no one wanted to see taxes committed for 25 years, most seemed willing
to consider that if it was necessary to make the project happen. Other financing measures
were discussed as ways of shortening the term of the district, including grants, waiving
fees, applying proceeds from land sales, and direct participation by the city in some of the
infrastructure costs. The Council then spent time reviewing the developer agreement and
provided feedback to the City attorney on their concerns.
The Council determined it would hold one more work session on the subject at 6:30 on
February 7. Beard Group will be invited, as well as outside experts engaged by the City
to review the agreement and the financing plan
Adjourned at approximately 9:10 p.m.
Dallas Larson
City Administrator