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Winfield council advances cooperative‑district paperwork, hears bond intent explanation for Exit 30 work
Summary
Council reviewed Resolution 14‑18 (official intent for two bond series) and Resolution 14‑19 (application to create a cooperative district for Exit 30 development). Speaker explained the two bond series (one taxable for an incentive agreement and one non‑taxable for road/water/sewer work) and described how a cooperative district board and a development fee (up to 2%) could work; council adopted the corporate‑district application resolution on procedural motion.
City staff and council members discussed two related economic development items at the Dec. 2 meeting: Resolution 14‑18, described as the "official intent" to issue bonds if the city proceeds with financing, and Resolution 14‑19, the application to create a cooperative district for development work near Exit 30.
Speaker 12 framed Resolution 14‑18 as a non‑binding first step required to preserve financing options. He described two series of bonds: one taxable series tied to an incentive agreement for the proposed Big Mike's Steakhouse transaction and a second non‑taxable series to fund road and water/sewer improvements near Exit 30. The speaker said the draft amounts discussed were "3 and a half and 3 and a half" and emphasized the council was not committed to that exact amount and could adjust downward once final bids arrive.
On the cooperative district, the transcript records that the district would be governed by a three‑member board (two appointees from the city and one director from the waterworks and sewer board). The city retains ownership of the property; the cooperative district would administer incentive and fee arrangements. Speaker 12 said incorporation paperwork allows assessing a development fee up to 2% on individual properties or incentive agreements, adjustable per parcel and limited by the incorporation documents.
Council reviewed Resolution 14‑19, which lists three initial incorporators (James Markham, Bill Atkins/William H. Atkinson and others noted in the record) who would serve as initial directors until terms are set. The transcript shows a motion to adopt the application resolution and confirms the mayor's signature on the paperwork; the record indicates the council moved forward with the application.
Council members asked for clarification on costs and noted they will consider alternative financing if needed. Speaker 12 reiterated the cooperative district and the bond intent resolution are procedural steps; they do not by themselves commit the city to issuing bonds or transferring property.
