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MINUTES OF THE REGULAR COUNCIL MEETING HELD AUGUST 27, 1984. PAGE 14 <br />TAX INCREMENT FINANCING Arlin stated that the City ii�c to make policy decisions <br />whether they want to include the residential areas as <br />well as the commercial areas. Arlin stated that the <br />City would also have to make the policy decision <br />whether or not they would want to include the <br />commercial rehab as part of the tax increment <br />financing. <br />Counci lmember Grabek said lets say there is agreement <br />among the people. Grabek stated that the Ci`%, puts <br />together a plan, which is not free. Grabek stated <br />that the citizens don't like it. Grabek stated that <br />the City has taken the risk and spent money and <br />incurred an expense that can't be reimbursed. <br />Arlin stated that the overall plan is not that large of <br />a project. Arlin stated that the development program <br />and that tax increment plan is usually done together. <br />Arlin stated that the architectural drawing costs for <br />individual buildingsare placed on the property owner, <br />not the City. Arlin stated that the City has to commit <br />themselves to the redevelopment and they the City <br />needs one individual who is willing to add to their <br />building. Arlin stated that the City doesn't have to <br />wait for everyone to agree on one plan. Arlin stated <br />that the City may agree to landscape, install <br />lighting, fencing or whatever public improvements the <br />City feels is needed. <br />Mayor Butler asked how the City is going to cover its <br />front end costs. <br />Arlin stated that those costs would probably be <br />covered under the first bonds issued. <br />City Attorney Malkerson stated that if the City were to <br />incur $30,000 in fees to come up with some plan, that. <br />within the next year or two, at least one parcel. in the <br />project area will develop even on their own and the <br />City could capture that increment and pay those fees <br />off. Malkerson stated that the City should have no <br />problem paying off those costs because of the <br />development that should occur. <br />Arlin suggested that the City hold two meetings. <br />Arlin stated that the first meeting should be with the <br />business community and then the Council should hold a <br />work shop to discuss the improvements that. need to be <br />made. <br />City Attorney Malkerson stated that the City should <br />have staff locate an urban planner and let them give <br />suggestions to the City. <br />