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9c. Attachment A Regular City Council Meeting Monday, November 28, 2016 Page 23 quisitions that didn’t move forward. Councilmember McGehee suggested the city not be so tied into an appraisal early in the process until deciding how serious it was. Councilmember Etten stated he was comfortable with the current language, noting it was inherent for this city council to approve the whole process, therefore mak- ing no further changes in language necessary. Mayor Roe agreed, opining any future city council was able to changeor eliminate the policy. Mayor Roe summarized the changes made tonight, including: Section 3, Items 3 and 4 moving in order of importance Regarding “estimated market value and tax collections” to express that intent somewhat better remove “and tax collections” entirely. Mayor Roe noted that when increasing the tax base as the result of redevel- opment it would be helpful to look at the project with and without the incre- ment figured in to see the net cost to the city if using TIF financing. In the benefits section, Mayor Roe, with input from Councilmember McGehee, suggested consideration of a net change to the city tax base with or without the increment and impact on the average taxpayer. Mayor Roe opined this was food for thought for staff and the consultant, clarifying that the intent to promote an idea for this or future councils that the city received more dollars by allowing re- development. On the acquisition form, Councilmember Laliberte suggested for the “estimated timeline” instead adding “date available for market.” On the form, Mayor Roe also noted that under “property information,” not all properties had an asking price and suggested adding a component, “is the property on or not on the market?” When talking about tax capacity, Mr. Aarsvold noted one measure of growth was the tax base, which could be calculated. However, Mr. Aarsvold noted it may prove neutral with respect to whether it creates a tax break or not; and wouldn’t be as clear to the general public. To be accurate, Mr. Aarsvold noted the reason for looking at tax capacity. With the next revised draft from Mr. Aarsvold, Ms. Collins advised that both the City Council and REDA would need to approve the framework; and anticipated the January organizational meetings may be a good time to do so. Mayor Roe thanked Mr. Aarsvold and city staff for their ongoing work on this policy.