City Council Minutes 2019 06 04 - Laserfiche WebLink

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City Council Meeting Minutes June 4, 2019 Page 12 of 16 Public Comments David Sinkey, Boulder Creek Homes 712 Main Street, noted his company has a pending application for TIF, but this is more general He stated the LRC has some great tools to incentivize and create change in the City and it should be as clear as possible for anyone considering applying He would like the language to be simplified and easier to bring something forward and have a debate The language under the "Potential TIF Consideration" is confounding He stated both the Council and the LRC have the option to make changes to any deal Councilmember Maloney asked why include under "Potential TIF consideration" encourage transferring a building to a tenant. Director DeJong stated this is intended to help when a tenant wants to own a building Owners tend to stay in the community so we want to encourage that. Councilmember Stolzmann stated for governments to give financial assistance to corporations we should have economic indicators and other information to understand the health of the community and then determine what the healthy target growth rates are that we want to see and if we need to stimulate anything beyond that. We need to understand the impact we are having on the community and if that is fair to other business owners. Those economic indicators would be invaluable to let us know if the stimulus is warranted Councilmember Stolzmann stated financial stimulus is not the only way to eliminate blight. She believes if economic indicators such as sales and property tax and our financial reports show it is not reasonable we should not provide corporate subsidies given the market. She is concerned with the document holistically; should we be providing these subsidies, how will it affect rent rates, property values, and historic preservation We need to identify when we would use this funding We need to further define the problem we are trying to resolve and need to consider the long term impact. We need to think about the long term impacts of these changes. She stated this is not a prudent direction to go Councilmember Loo asked about the criteria and if a project has to meet all of them Director DeJong stated that is up to Council Councilmember Loo suggested a project wouldn't have to meet all criteria She would add a line criteria about rehabilitating potentially historic structures or buildings located within the downtown Councilmember Loo stated the section noting it can't affect all other City plans also sends a message that we are interested in historic preservation while still allowing flexibility Mayor Muckle agreed Councilmember Leh asked if the objectives section should define or replace "several" to be clear; perhaps state "at least two and preferably more "