4.1. DRAFT MINUTES 02-20-2018 - Laserfiche WebLink

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City Council Minutes Page 8 February 5,2018 ----------------------------- Mayor Dietz questioned what the advantage would be to the city when the applicant is required to do the work anyway. He stated he didn't feel this project was a good use of TIF funding. Councilmember Wagner agreed with Mayor Dietz and further questioned what kind of capital improvements would happen at the Lodge because her understanding is the garages are already required code improvements. Ms. Othoudt noted the building permit has already been issued for the garages. She stated the applicant wants to refinance existing debt in order to construct the garages. Councilmember Ovall stated this isn't germane to the conversation and the issue is that in order to qualify for pooling,the increment is being used for capital improvements, not whether or not the project started and then second,do we want to change policy regarding the maximum term allowed and then does the city want to allow pooling. He stated current city policy doesn't have language regarding pooling. HRA Chairman Larry Toth stated he doesn't feel the two projects should be pooled together. Ms. Huot discussed state law and noted each year there is more proposed legislation to make pooling more restrictive. She stated the intent is for more single stand-alone projects for a lesser amount of time. She stated the majority of cities utilizing pooling have already established programs/policies where they peel off increment from each established district to finance into an affordable housing pool. Councilmember Ovall noted it is a more forward used tool than fixing old. Pat Briggs, applicant, stated this is a solution to help the Lodge,based on their submitted application six months ago, a vacant building that needed to be converted. He stated the Lodge will not happen if the Jackson Hills project does not move forward. He stated in order for us to help make the Lodge the best project we can make it, this was a way we could all work together on it. He stated if he doesn't build this project,the increment isn't there. He stated the reason this application was submitted was to help solve the challenges at the Lodge. He stated the dollars he submitted to recapture are 15 years for these two properties, so from his interpretation of how the policy is written,it actually is for 15 years. He further noted it really is one project because it is the same people. Mayor Dietz stated he has difficulty with Mr. Briggs comments because the city has already told him what has to be done for the Lodge. Mr. Briggs stated direction was only for a portion of the project because they will be improving it in many areas,including completely new driveway, ripped out all the rock bed,regraded around the perimeter,put all new irrigation in,brought in 75 P 0 W I R I U 9 Y otmaA UREI