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y Concordia School Site Meeting Notes Page 4 Johnson stated it is important to market the site based on current city desires, to give good direction to developers. Mayor Rog stated he is continually hearing from residents that taxes are too high. Rog added that as mayor, he must consider what is best for the city as a whole, and needs to generate the maximum tax base. Rog asked what would happen if the city were to buy the site with tax increment financing, and develop it. Rhody stated it is not proper to use tax increment financing on that particular site, because it is mostly raw, developable land. He added it is the high purchase price of $3.6 million that is preventing compatible development on the site. Rog pointed out that the city used tax increment financing for the Can American project on Lexington and Woodhill Drive to bring about development which was more compatible with the adjacent neighborhood. Rhody stated that Can Am was a different scenario because the site was zoned Shopping Center already, while the Concordia site is zoned R-1. Rog pointed out that tax increment financing changes, which are being discussed at the Legislature, could eliminate the possi- bility of tax increment financing. Pankonin suggested maybe a small tax increment financing subsidy could be considered to bring the price down to a more reasonable level. Rog suggested there was a possibility of usi,ig excess tax incre- ment funds on the Concordia site to bring about single family development. Rhody stated that option was worth looking at, but would be opposed to using tax increment financing to get a higher density. Gail Westby stated the neighborhood objected to zero lot line, single family because it was adjacent to an existing single family area. Westby said the city needs to look at options for the site, and added that apartments don't generally benefit school district population because the tenants tend to be so transient. Rhody said there was a lot of neighborhood objection to the previous proposals because the neighborhood felt all alone. Pankonin stressed the need to plan for the future. Rog stated plans have been done in the past, but it was time to redo the city's Comprehensive Plan. Rhody stated maybe the city should consider a moratorium of development on that site until the plan is done.