CC_Minutes_2004_0719 - Laserfiche WebLink

Home

City Council Study Session - 07/19/04 Minutes - Page 12 Councilmember Kough sought clarification from staff regarding TIF restrictions based on recent legislation and establishment of TIF districts. Mr. Miller advised that the City had the authority to create TIF districts, and that while there was a small district located within the Twin Lakes Redevelopment area, it would need to be expanded for the proposed development, once the development team presented their scenario and various development strategies. Councilmember Maschka noted that it was probable that the retail portion of the redevelopment could be accomplished without TIF assistance, but the entire area, including the residential housing, could not be accomplished without use of TIF for clean up of the area. Councilmember Maschka noted that it was prudent that any misperceptions of who received the TIF were addressed, and in this case, the increments were district-wide. Policy #2 The use of public assistance was addressed along with Policy # 1. Policy #3 Mr. Miller reviewed the purpose of Eminent Domain as a tool to allow the City to acquire property from an unwilling seller for an established public purpose, at above-market prices, with relocation costs provided to the seller. Mr. Miller noted that it put the City Council in a difficult situation and staff had cautioned uses in the past. Mr. Miller deferred to the development team to address this issue, opining that Eminent Domain would be required to complete property acquisition for the overall proj ect. Mr. Miller further noted that the City Council would need to advise the development team as to their clear intent regarding use of this tool; with the Council able to build factors into the agreement for potential criteria (i.e., use only to assemble "final" property/ies needed for redevelopment as shown in an adopted redevelopment plan or policy document; use only after a certain