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Housing and Redevelopment Minutes Page 2 <br /> January 3,2022 <br /> ----------------------------- <br /> 6. Public Hearings <br /> There were no public hearings. <br /> 7.1 TIF District Number 28 —Jackson Hills II <br /> Mr. O'Neil presented the staff report. <br /> Chair Toth asked for clarification about the size of the peat bog# relation to the proposed <br /> project and the TIF boundaries. <br /> Mr. O'Neil clarified the location of the project outlined in red was the size of the plat for the <br /> parcel. He indicated TIF boundaries are aligned to the parameters of the plat. The parcel is a <br /> 4-acre site and noted the request for TIF fund are for the first apartment building to be <br /> constructed on the southern third of the parcel. He also explained the TIF plan will set <br /> parameters for how many and what buildings are allowed to receive funds. He explained the <br /> parcel is 4 acres and will be parallel to the existing Jackson Square building. <br /> Mikaela Huot, director at BakerTilly, detailed the project and her review of it. She <br /> explained the parameters of the project and clarified the exact boundaries of the first <br /> building have not been submitted by the applicant. Therefore,to avoid replating, they are <br /> proceeding this way. Based on this current site,if the applicant develops future phases, they <br /> would be included within the tax increment district, they will generate additional increment, <br /> and that increment would require a new application and review to show the extraordinary <br /> costs could be reimbursed. Future phases would require a new public hearing and approval <br /> as it this plan capped by the dollar amount associated with the present phase. <br /> Ms. Huot further explained details regarding the initial application and a change from the <br /> application doing further due diligence regarding soil correction costs,which were initially <br /> estimated up to $850 Qp0.,She stated the soil correction costs are now estimated at just over <br /> $1,000,000 dollars. <br /> Commissioner C 'uba stated he understood there could be future development on the site, <br /> but he hoped access to the future site from the proposed site as he couldn't imagine access <br /> off of Jackson Avenue. Commissioner Chuba asked if something should be more solidified <br /> with a condition regarding access to the site. He also asked about the remainder of the site <br /> and what the zoning is and what would be allowed on the site. He asked if they would be <br /> paying park -a n fees. <br /> Mr. O'Neil state the developer currently has control over the site and all future movement <br /> would be through 6`'' Street and take place through the site with engineering staff reviewing <br /> and signing off on any additional access points on Jackson Avenue.Additional terms and <br /> conditions regarding these details could be part of the final agreement. He stated future <br /> buildings on the site would need to be residential properties and the property reviewed for <br /> compliance with the zoning ordinance subject to final design. Park dedication fees would be <br /> required to the city. <br />