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Redevelopment discussion: appraisal funding, officer nominations delayed, two potential TIF districts flagged
Summary
Commission members discussed where to charge appraisal fees, agreed to table officer nominations to the next meeting, and flagged the possible creation of one or two new TIF districts tied to the 'Bushy project' and an east-side apartment complex.
At the meeting transition, an agenda item described in the transcript as 'to spend credit's property' prompted a brief discussion about how to fund appraisals. Speaker 1 asked whether appraisal fees should come from the LML fund or from the railroad TIF fund; no definitive decision was recorded.
Speaker 2 raised the need to handle officer nominations and approvals because it was the first meeting of the year, then asked to table the vote until the next meeting; Speaker 1 agreed. ‘‘Do we need to do nominations and approvals of officers since it’s the first meeting of the year?’’ Speaker 2 asked; Speaker 2 later suggested tabling the vote.
Speaker 2 also said staff anticipates possibly creating one or two additional tax-increment financing (TIF) districts this year: one to support the 'Bushy project' north of Walmart and another for a proposed apartment complex on the east side of the city. Speaker 2 said those items are still being worked out and that financing, utilities and related steps will require additional planning and a re-education for staff on TIF processes.
Speaker 2 described past practice of appointing a non-public advisory group to review credit proposals and make a recommendation to the commission. Speaker 2 also noted an upcoming downtown meeting on Friday to discuss related projects.
No formal votes on appraisal funding, officer nominations, or new TIF districts are recorded in the transcript; the items were discussed and, where indicated, tabled for future action.
