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<br />City Council Regular Meeting - 02/14/05 <br />Minutes - Page 16 <br /> <br />Klausing moved, Ih1an seconded, directing staff to undertake an <br />analysis comparing the pre-redevelopment and post- <br />redevelopment uses of the entire "Target" site, taking into <br />consideration the number of commercial lots, size of buildings, <br />permitted uses, expected sales volume, employee work forces <br />and other pertinent factors deemed appropriate by the City; and <br />the results of this analysis suggest and support a conclusion of <br />increased demands on public facilities, then staff should <br />recommend a park dedication at least to the extent of the <br />perceived increase in demand created by the redevelopment <br />proposal. <br />Roll Call <br />Ayes: Kough, Ih1an, Maschka, Schroeder and Klausing. <br />Nays: None. <br /> <br />11. <br /> <br />Update on Timeline for Council Consideration Lakes Project <br />and Rottlund's Application for Tax Increment Financing <br />(TIF) and Other Public Subsidies; Discussion and Possible <br />Motion for Fiscal Impacts Analysis of Rottlund Twin Lakes <br />Redevelopment Proposal and Subsidy Request <br />Counci1member Ih1an expressed her appreciation to staff for their <br />provision of milestone dates anticipated fro the Twin Lakes <br />Redevelopment Project, as included in the agenda packet. <br /> <br />Ih1an moved, Kough seconded, a motion that the City Council <br />hereby directs staff to prepare an analysis of the fiscal impacts of <br />the proposed s Redevelopment and Rottlund's request for Tax <br />Increment Financing (TIF) and other public subsidies to support <br />the project, including but not limited to detailed estimates and <br />analyses of the following: <br /> <br />1. Costs of all new infrastructure for the proposed redevelopment; <br />2. Costs of providing City services to the new development, and an <br /> analysis of how these services will be funded if the additional tax <br /> revenues from the new development are given to the developers in <br /> the form of TIP or other subsidy; <br />3. Costs of additional infrastructure and servIces outside of the <br /> redevelopment area needed to support additional traffic generated by <br /> redevelopment an/or mitigate traffic impacts; <br /> <br />Timeline for <br />Twin Lakes <br />Project & <br />Rottlund's <br />Application for TIF <br />& Public Subsidies; <br />Discussion and <br />Possible Motion for <br />Fiscal Impacts <br />Analysis of <br />Rottlund Twin <br />Lakes <br />Redevelopment <br />Proposal and <br />Subsidy Request <br />