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At-a-glance: actions and next steps from the Mission City work session
Summary
Council expressed consensus to bring amendments for the Lanes TIF cap and to request detailed pro formas and service-impact analyses for both the Lanes and Encore projects; staff will return to the May 6 committee meeting with documentation and recommended amendment language.
No formal votes were taken during the work session. The council recorded consensus to advance an amendment to the Lanes development agreement to the May committee meeting for formal consideration, and staff was directed to return with detailed pro formas, documentation of reimbursable costs, and service-impact modeling for both the Lanes and Encore projects.
Action at a glance: staff will (1) prepare year-by-year allocation tables showing dollar flows to the city and other taxing jurisdictions under current and proposed TIF caps; (2) supply documentation supporting reimbursable cost claims; and (3) provide a detailed cost-benefit/service-impact analysis (police, public works, traffic, maintenance) for May committee review. Staff also will present parcel purchase terms, retaining-wall responsibilities, attainable-housing confirmations and parking/staging options for Encore.
