12-03-2012 HRA MIN - Laserfiche WebLink

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Housing&Redevelopment Authority Page 2 December 3,2012 5. Decertification of TIF District 16 Tim Simon reviewed the staff report. He explained that the maximum duration of TIF • District 16 is 25 years after the receipt of the first tax increment in 1999. Since the obligations of the TIF District will be fulfilled with the receipt of the second half of the 2012 tax increment in December,it is necessary to decertify the TIF District. The HRA is asked to approve a resolution approving the decertification. MOTION BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER KUESTER TO APPROVE RESOLUTION 12-02,A RESOLUTION DECERTIFYING TAX INCREMENT FINANCING DISTRICT NO. 16. MOTION CARRIED 5-0. 6. 2013—2016 Economic Development Strategic Plan Ms.Deckert presented the staff report. She stated that staff has updated the goals and objectives from the 2009-2012 Strategic Plan utilizing the recommendations,conclusions and goals identified in a number of plans that have been completed over recent years. These plans include: 1) 171st Focused Area Study;2) Citizen Satisfaction Survey;3) Branding Implementation Plan;4) Energy City Commission SWOT Analysis; 5) Comprehensive Housing Market Study;and 6) Mississippi Connections Redevelopment Framework. Ms.Deckert reviewed the 2013-2016 priority objectives and strategies identified by staff and provided details: • Industrial Development • • Redevelopment and Rehabilitation • Community Brand • Transportation Commissioner Toth asked how the Natures Edge Business Center is coming along. Ms. Deckert stated that she has been working with a few prospects interested in the lot. Additionally,the EDA is working on creating a loan program utilizing approximately $700,000 in federal funding to help promote city owned property which is anticipated to be complete early 2013. She stated that staff has numerous inquiries about the property and program. Ms. Deckert stated that the staff has also been working with CDI regarding the Z- shaped lot north of their property in the North Star Business Park. She noted that there is a potential buyer for the north end of this lot. Commissioner Toth asked what information has the city received regarding extension of the Northstar Corridor to St. Cloud. Commissioner Motin stated that he serves as the city's representative on the Northstar Committee,and there is no funding to extend the commuter rail to St. Cloud at this time. He explained that their discussions are more of a planning nature and does include adding a second rail,but the cost is extremely high. Chair Wilson asked if the issue is more on increasing ridership. Commissioner Motin stated that ridership is not what it was expected to be,and extending the Northstar Corridor to St. Cloud would add to the ridership. He noted there is a strong push from St. Cloud and the areas in between,with the exception of Clearwater,to extend services. 1110