Revitalization Commission Agenda and Packet 2016 06 13

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Revitalization Commission Minutes May 9, 2016 Page 4 of 4 Commissioner Comments No comments Public Hearing Lynn Miller said that at the March meeting there were several questions such as how detailed the proposal was. She asked how can we get to this point when there are unanswered questions from the March meeting. City Manager Fleming said the development proposal will address that— can't answer questions until development agreement has been received. City Attorney Sam Light said the City has invited Albertson's to discuss what their plan is. Mike Kranzdorf said it is important the City respect property rights. He urges great caution against using eminent domain. Jim Henderson said he does not understand what the LRC is approving and is unclear what the LRC is asking for. Attorney Light responded that if the LRC adopts staff recommendation, it is approval for staff to begin negotiations for a development agreement. Randy Caranci echoes Mike Kranzdorf's comments. Direction Chair Becker made a motion that the LRC recommend the City Council authorize staff to negotiate a development agreement for the proposal received for 550 S. McCaslin. Commissioner Menaker seconded the motion. All in favor. Motion passed. DELO update Report on status of DELO project. Phase II is being broken into two portions. Justin McClure of RMCS said commercial and residential have been broken into two entities. One additional request is that lender for residential portion is asking for an opinion from bond counsel this will not impair tax exempt status. Any costs incurred for refreshing tax exempt status be at the developer's expense. The commission direct Butler Snow to commence working on the bond opinion for the developer. Items for Next Meeting June 13, 2016 • DELO update • Legislative Update Commissioner Comments: none Adjourn — The meeting adjourned at 9:38 am