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HomeMy Public PortalAbout2009-09-17 minutesTIF Commission Meeting Minutes Thursday – September 17, 2009 Present: Ski Mariea, Bob Gammon, Garry Taylor, Bill Dallmeyer, Staff: Melva Fast, Nathan Nickolaus Guests: Steve Rollins, Phil Freeman, Larry Kolb, Jim Wisch, Mark Mehmert Rosa Ruiz, Dr. Nancy Gammon The meeting was called to order at 5:30 p.m.; roll call was taken- a quorum was affirmed. The minutes from the April meeting were approved. Phil Freeman again spoke on behalf of expanding the designated TIF area beyond the 100 block of E. Dunklin Street and expressed support of the East Dunklin Street Project on behalf of the Old Town Revitalization Company . Mr Freeman presented a support letter from the Old Town Revitalization Company to the Commission. The five-block area was recommended for designation as a TIF Area including the corner of Monroe and Ashley Street. An amended map was distributed and approved for consideration. Steve Rollins, developer of 100 block of E Dunklin, presented the information about the public improvements requested for TIF reimbursement. Curbs, gutters, lighting, landscaping, parking lot and storm water improvements were discussed in detail; preliminary drawings were distributed. Larry Kolb, developer of 100 block of E. Dunklin, outlined the benefits and financial projections to show the increment – sales tax and property tax – anticipated. Nathan Nickolaus cited that the proposal should project new income in 2010 not 2009. It was agreed to amend the proposal to reflect that change. The Commission agreed that the blight requirements have been met. The TIF attorney provided a checklist that was distributed to demonstrate that the statutory requirements were met as required by TIF. Ski Mariea moved to approve the plan as presented and set a date for a pub lic hearing, seconded by Bill Dallmeyer. The motion was approved unanimously. The public hearing is set for October 15 at 5:30 p.m. Staff was directed to proceed with the public notice requirement. The Commission requested a financing letter and a clearance letter from the TIF attorney. The meeting adjourned at 6:45 p.m.