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Regular City Council Meeting Monday, March 3,2014 Page 19 At the request of Ms. Harris, Mayor Roe confirmed that a traffic pre-study had yet to be done; and anticipated that it would be part of the development agreement, after the land use approval phase later this week had been completed, but before the next phase at the City Council level, and would be part of the public notice process itself. At the request of Ms. Harris, Mayor Roe confirmed that it would not be part of Wednesday night's actions. At the request of Ms. Harris, Mayor Roe clarified that the City periodically and continuously performed post-development traffic analyses, not necessarily sepa- rate studies, to determine if operations were as indicated and remained accurate. At the request of Ms. Harris, Mayor Roe advised that the original traffic studies were initially part of the development costs; with general traffic studies or anal- yses part of doing business in the community and costs were borne by all taxpay- ers in the course of general business operations. Mayor Roe thanked residents for their comments; and reminded them and the lis- tening audience of the Planning Commissions' formal public hearing. 11. Public Hearings 12. Budget Items Recess Mayor Roe recessed the meeting at approximately 7:55 p.m. and reconvened at approximately 8:05 p.m. 13. Business Items (Action Items) a. Consider Amending Tax Increment Financing (TIF) Districts #10 and 12 Plans to Assist the Dale Fire Station Redevelopment City Manager Trudgeon summarized the request as detailed in the RCA dated March 3, 2014; and existing balances. Mr. Trudgeon noted that the districts were old enough to allow pooling of remaining funds throughout the City for other public purposes involving housing and employment; however, he noted that both districts were originally created to support housing efforts. Mr. Trudgeon clari- fied that granting this request for amendment would not bind the City to expend the funds, but would provide flexibility as a development agreement was formu- lated and for future adjustments as the draft performa in tonight's packet was fur- ther refined and identified the final amount needed to facilitate gap financing. Mr. Trudgeon advised that part of the idea for addressing the gap would be to re- fund the City and HRA for purchase of the Dale Street property and to reduce the deficit on the new fire station. Mr. Trudgeon advised that the developer would pay for land purchase back to the City; and in the case of the HRA, to recycle those funds back into their budget, and for the City toward the fire station con- struction or for any other purpose chosen by the City Council.