City Council Minutes 2015 09 01 - Laserfiche WebLink

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City Council Meeting Minutes September 1, 2015 Page 17 of 18 City Attomey Light stated the City Clerk will certify the City's ballot for the November 3, 2015 election on Friday, September 4th. He reported the new urban renewal legislation affects the size of an urban renewal board and also changes the dynamics on the TIF provision. He asked if Council had any questions relative to the new urban renewal laws, which he and staff could respond to at a future meeting. Council member Loo inquired how the legislation would affect bank financing. City Attorney Light explained HB 1348 has new provisions for plans which include TIF to negotiate an agreement with the other taxing districts on allocations of TIF revenue. For plans that.include TIF, the agreement must stipulate how the tax increment will be shared. The bill applies to new urban renewal plans after January 1, 2016. This process is also triggered if there is a modification of an urban renewal plan, but the intent is not to superimpose the provision on existing financing such as the Highway 42 Urban Renewal Plan area. He voiced his belief there will be clarifying legislation of this intent: Deputy City Manager Balser agreed and explained staff is waiting for early legislation to clarify existing urban renewal plans will not be affected by HB 1348. Staff will follow this closely and speak with state legislators. Mayor Muckle inquired about the membership of the urban renewal authority. City Attomey Light explained HB 1348 stipulates an urban renewal authority shall consist of 13 members, however, it only applies if one of the triggering events occur. Without a triggering event, the City would not have a mandatory obligation to expand to a 13 member board. The current law states urban renewal boards shall consist of 11 members. He stated one approach that may be taken in the next legislative session to clarify the application of the statute is to increase the size of any urban renewal authority to 13 members. If the bill as written did apply, the LRC would go from 7 to 13 members and the Mayor has the right to appoint three of the new members, with the consent of City Council. The balance would be made of 1 member from the County; 1 member from the School District and 1 member appointed collectively by the other taxing districts. COUNCIL COMMENTS, COMMITTEE REPORTS, AND IDENTIFICATION OF FUTURE AGENDA ITEMS Council member Stolzmann proposed various items for the Labor Day Parade. She plans to use bunting and flags to decorate the golf carts and will wear red, white and blue clothing. In order to look unified, she encouraged the City Council to do the same. ADJOURN MOTION: Mayor Muckle moved foradjoumment, seconded by Mayor Pro Tem Dalton. All were in favor. The meeting adjoumed at 8:50 p.m.