Revitalization Commission Agenda and Packet 2020 03 11

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Revitalization Commission Minutes February 12, 2020 Page 4 of 5 Staff and Commissioners discussed the process necessary to advance this to City Council on March 3rd. Commissioner Gambale made a motioning asking staff to prepare an agreement and move this request forward. Commissioner Tofte seconded the motion. Council Member Lipton again clarified patio seating is not part of the request; this will be clarified in future materials. Commissioner Bradfield asked for pro forma data on uses related to sales tax. Staff indicated any analysis would be based on very broad assumptions since the exact mix of uses for the project has not yet been determined. All in favor. Vice Chair Adler made a motion for a special meeting Friday, February 21st at 7:30 am. Commissioner Gorsevski seconded. All in favor. • Discussion – LRC Goals and 220 Work Plan Based on the Commission’s request, Economic Vitality Director Pierce drafted broad goals; these plus the other feedback received was incorporated into the packet version. Commissioners requested 824 South Main project be added to Project Area #5. Commissioners provided additional input to refine the goals. They suggested re-ordering them so that Goal #2 would be listed first. Existing Goal #1 will be re-worded to read: “Participate in funding public infrastructure improvements that will provide community benefit.” Existing Goal #3 will be revised to say: “Form public-private collaborations to provide financial assistance that stimulates growth and reinvestment in the Urban Renewal Area.” Commissioner Bradfield suggested the Project Areas should be prioritized so staff has clear direction. Commissioners reviewed several other suggestions on wording of the Actions; these will be incorporated for review at the March meeting. • Discussion – Fee or Cost Sharing of TIF Assistance Analysis Director Pierce noted that due to the time, the discussion on implementing a fee or cost sharing policy for applicants requesting direct financial TIF assistance would be reviewed at the March meeting. • Discussion – TIF Funding Projections Director Pierce briefly reviewed the packet materials, including the last long- term projection that was performed in January 2019 and the 2020 LRC budget. Agenda Packet P. 5