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IV.2. Minutes of the November 2, 2015 Work Session following Regular Meeting Proceedings MINUTES OF THE CITY COUNCIL WORK SESSION PROCEEDINGS AT CONCLUSION OF THE REGULAR CITY COUNCIL MEETING Monday, November 2, 2015 CALL TO ORDER Mayor Maxwell called the meeting to order at 8:54 p.m. Council Members and staff present at meeting included the following: x Mayor Maxwell x Planning and Development Dir. Elverum x Council Member Halverson x Stacie Kvilvang, Ehlers, Inc. x Council Member Cummings x Council Member Kuznia x Council Member Gadd x City Manager Mornson The following updates were provided at the meeting: Planning and Economic Development: Planning and Development Director Elverum and Ms. Stacie Kvilvang, Senior Municipal Advisor/Director of Ehlers, Inc. gave an overview of The Moline redevelopment project and major aspects of the proposal. Ms. Kvilvang presented information on the Tax Increment Financing (TIF) request and the factors that Ehlers examines to justify the TIF. Ms. Kvilvang explained that the redevelopment TIF district meets the test, is justified and within industry standards. There was Council discussion regarding the stabilization period, challenges of a TIF district, property valuation and look back period. Ms. Kvilvang explained that the stabilization period is realized at 95% occupancy, that there are not any challenges anticipated, that future valuation is based on $150,000 per apartment unit and that the look back period is clarified. Ms. Kvilvang discussed the waiver of the $361,500 Park Dedication Fee. Ms. Kvilvang explained that waiving the fee would add $350,000 in debt or approximately $1.80 annually on average valued Hopkins home. Ms. Kvilvang explained the risk factors, annual tax levy required and ways to mitigate the risk. There was Council discussion about waiving, splitting or deferring the Park Dedication Fee. Ms. Elverum explained that most of the time the Park Dedication Fee is collected but it is negotiable. There was discussion that past Park Dedication Fees can’t be compared to current projects since the fee has increased. There was Council discussion about the risk of the Southwest Light Rail Transit (SWLRT) project, mitigating of parking issues by building the public ramp located in The Moline and developers giving back to the community by contributing to the Park Dedication Fee. Ms. Elverum explained that staff feels good about the construction of 190 new public parking stalls, that the ramp could help preserve redevelopment parcels in the Shady Oak Station area and the importance of diversifying the housing stock in the area. Ms. Kvilvang discussed possible alternatives of not waiving the fee, deferring the fee or paying half of the fee. Council Member Halverson would be in favor of the developer paying half of the Park Dedication Fee. Council Member Cummings discussed the importance of reinvestment in the Parks and would consider splitting the fee with the developer or having the developer pay half now and the other half down the road. Council Member Gadd commented that he is not in favor of waiving the fee but likes what the project is bringing to the City but also wants to maintain the Parks. Council Member Kuznia commented that he would be concerned about setting precedence by waiving the fee. He would be in favor of the developer paying half and exploring getting the remainder following the property valuation. Mayor Maxwell commented on the good redevelopment project for the City and that he would be in favor of splitting the Park Dedication Fee and not extending the TIF but if the developer would want to extend the TIF then get the other half of the fee. Ms. Elverum and Ms. Kvilvang will take the Council feedback to Mr. Doran, project developer, and update the Council. Council asked about the Art Dedication Fee. The developer contribution is $25,000 for public art in the City. Ms. Kvilvang gave an overview of the next steps in the TIF process. City Council: Council Member Kuznia discussed the leaf pick up procedure and that some residents in the Interlachen neighborhood have requested an extension since many leaves have not dropped. City Manager Mornson will check with Public Works staff. City Manager Mornson updated the Council on the demolition of the building at 20 Shady Oak Road. City Manager Mornson updated the Council on concerns by business owners regarding the length of the Shady Oak Road Project. Mr. Mornson commented that final details of the road project would continue until summer of 2016. City Manager Mornson commented that the special Council Work Session on Tuesday, November 10, 2015 would be held at 6:15 pm to canvas election results followed by the regular Work Session discussion on food trucks and street closure policy. City Manager Mornson commented that security improvements have been made at City Hall and Police Chief Reynolds will update the Council at a future meeting. ADJOURNMENT There being no further business to come before the City Council and upon a motion by Kuznia, second by Halverson, the meeting was unanimously adjourned at 10:02 p.m. Respectfully Submitted, Debbie Vold COUNCIL MEMBERS ____________________________________ ____________________________________ ____________________________________ ____________________________________ ATTEST: _________________________________ ____________________________________ Eugene J. Maxwell, Mayor Amy Domeier, City Clerk