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REDA Meeting Minutes — Monday, January 9, 2017 Page 5 On item 4.a.5, President Roe asked the intent of the word "seek" for sources as they fit; with Mr. Aarsvold advising that the intent was to maximize any outside funding opportunities that fit within the city's goals, but to ensure a project was not driven by that alone. President Roe offered an opportunity for public comment, with no one appearing to speak for or against. McGehee moved, Willmus seconded, adoption of the City of Roseville and Roseville Economic Development Authority Acquisition Framework dated January 2017 (Attachment B) with Item 4.A.3 amended as follows: "Consideration of effect to market value and tax capacity of surrounding properties and overall city tax base. Additional discussion included Mr. Aarsvold's concern for staff in attempting to estimate market values as a result of a proposed development project as the REDA had now requested to include an estimate prior to acquiring property for a development project, as well as staff attempting to determine impacts to the assessed value of those adjacent properties. While recognizing the REDA's comparison to the Chapter 429 assessment process, Mr. Aarsvold noted this was of a different nature and could not be determined in the same way as improvements to public infrastructure, when those improvements may be on a private parcel only and difficult for a line to be drawn accordingly. Mr. Aarsvold expressed concern whether staff could provide information of a quality that would prove helpful or of the nature expected by the REDA. President Roe expressed his personal interest in leaving the language as proposed for now, since it said `consideration of and to that extent the information would at least be available. If it was found not to be working after implementation, President Roe noted that the policy could then be revised. REDA Attorney Ingram stated that she shared Mr. Aarsvold's concerns with the difficulty in quantifying that information. Ms. Ingram referenced the comments of Member McGehee about the positive and negative impact providing that qualitative analysis. While not cut and dried, Ms. Ingram added her cautionary note to that of Mr. Aarsvold about how feasible this language may prove in practice and in evaluating projects in the long -run. Community Development Director Collins stated that she saw staff able to provide comparables for site development for a specific use versus being able to come up with real time benefits or impacts. However, Ms. Collins opined that may be what was needed for the REDA for their decision-making. President Roe agreed with Ms. Collins, noting that appraisal firms may be able to provide general feedback along those lines.