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MINUTES OF THE REGULAR COUNCIL MEETING flELD AUGUST 27, 1984_ PAGE 12 <br /> TAX INCREMENT FINANCING Arlin stated that before the City enters into the <br /> project, that person should sign an agreement that <br /> they will be committed to redevelopment. Arlin <br /> stated that such agreement should state "not only do I <br /> agree to do development, but I will not challenge the <br /> City on this assessed valuation" . Arlin stated that <br /> it is not an inflated amount, but usually the value of <br /> the property plus the cost of the physical improvement <br /> of the iand. <br /> Arlin stated that the City must give notice to the <br /> County and let them review the City ' s plans . Arlin <br /> stated that the County does not have the power to act on <br /> the plans, but only to review them. Arlin stated that <br /> it is good to include the community in the plans and <br /> also the school district. <br /> Arlin stated that the three types of districts are as <br /> follows : <br /> l . Redevelopment area in blighted areas . Blight <br /> means that the City has something that presently <br /> exists, with five types of blight : <br /> a) Obsolete buildings . Should be torn down or <br /> totally rebuilt. <br /> b) Zoning type of blight. Buildings ok but the <br /> layout is wrong and maybe should be rezoned. <br /> c) Areas in which the soil conditions are such that <br /> you could never put a new building on it, so you <br /> have to excavate and bring in fill. <br /> d) Acquisition of railroad properties . If the <br /> City tries to cut off railroad lots , the City would <br /> have to pay large fees for the railroad lands . <br /> e ) Skyways over state or federal highways . <br /> 2 . Low and moderate housing. <br /> 3 . Economic development. Bare land, but areas in <br /> which you have to put in public utilities . <br /> Arlin stated that districts 1 and 2 can run 25 years . <br /> Arlin stated that Navarre would fall under the <br /> redevelopment district. <br /> Mayor Butler stated that her idea of any redevelopment <br /> did not necessarily include the City going in and <br /> buying buildings and tearing down and starting all <br /> over again and then selling it back to him. Butler <br /> asked how the City would implement the doing. Butler <br /> stated that there is not a lot in Navarre for the City to <br /> do. Butler stated that the City doesn ' t have that <br /> much control over what Keaveny does with the physical <br /> aspect of their building. Butler asked how does the <br /> City make tax increment financing do what the City <br /> � wants it to do by making Navarre a little nicer facade. <br />