Revitalization Commission Agenda and Packet 2019 05 13

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Revitalization Commission Minutes April 8, 2019 Page 6 of 7 Mr. Leary cautioned a committee report could not go into substantive discussion that is not on the agenda. • Draft UR Assistance Criteria City Council is interested in developing a set of criteria for the LRC to use when considering applications for direct financial assistance to projects through a TIF rebate agreement structure. Staff, with assistance from Commissioner Lipton, prepared a draft of review criteria for TIF rebate agreements. Staff suggested LRC use this draft for initial discussion and provide any changes or additional items to consider in the document. Director DeJong noted this is a document Council could agree to on May 14. TIF application process was reviewed to begin this draft document. Then looked at what are public benefits and what are extraordinary public benefits. Commissioner Dalton did not like the wording on public benefits. Rationale behind limits. Mayor Pro Tem Lipton noted he thought the numbers were fine and hoped they could be embraced by both Council and LRC. More creativity could be there but ultimately it has to be approved by Council and he felt this considered reasonable limits. Developers have to have skin in the game if they want the City to do the same. There is flexibility in how to implement this and developers have to come up with something exceptional. The draft criteria is just a starting point. Commissioner Dalton felt what was presented was understandable and a way to keep LRC from going crazy. He would like to have some flexibility that is inherent in the Charter to provide greater imagination in projects. Encouraging further development is a very broad criteria. Assistance to a property owner; LRC thinks just supplying assistance to that owner would encourage other development. Extraordinary criteria makes it overly complex. Chair Fisher asked if the phrase should be struck. Dalton said yes. Director DeJong noted it gives the upper limit. Commissioner Dalton noted you can't get more than you generate. Commissioner Adler asked if this could be discussed at another meeting. City Manager Balser noted there could be some meeting dates for further discussion. Mayor Pro Tem Lipton noted Council would likely want to see something with specificity. He was hopeful there could be limits and boundaries agreed upon with the LRC. This helps the development community. Doesn't want LRC and Council to be at odds. Commissioner Dalton thought the special meeting could be a place to hammer it out. Mayor Pro Tem Lipton was hoping for some consistency. Dalton recommended there