City Council Minutes 2020 02 18 - Laserfiche WebLink

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City Council Meeting Minutes February 18, 2020 Page 8 of 18 supportable and that the Districts can provide services as required under the State Statutes. He noted Council can approve, disapprove, or continue this item tonight. Mayor Pro Tern Maloney noted this approval is being sought prior to the comp plan and plat. He asked what the downside is doing it this way. Director Zuccaro stated the plan itself needs to clarify needs and costs. This is why staff included a requirement that the applicant formally amend the service plan and get Council sign off after those approvals. This will make sure the financial information concurs with final development plans. Councilmember Lipton asked which entity would have responsibility for the various improvements. Director Zuccaro stated infrastructure would be turned over to the City but the Districts would provide ongoing maintenance for medians and funding TDM costs. Councilmember Lipton asked where in the process this will be determined. Director Zuccaro stated the final plat will identify this in a subdivision improvement agreement. Applicant Presentation Jeff Baukol, Brue Baukol Partners, gave background about their company and their experience with metro districts. He stated the need for the District is to cover the improvements on the large site which are estimated to be over $178 million. He noted all taxes from the District must be spent on public improvements in the District. He noted the request for the District is coming now to allow for a May election. He noted these considerations 1) as proposed, there will be no individual homeowners in the District to be taxed; 2) the Inclusion Area is set to the existing ConocoPhillips property boundary; and 3) the largest tenants account for 38% of the land and they are aware of the District's financial responsibilities; this assures the new growth is paid by those in the District. There is no tax burden to anyone outside the District. Baukol stated only taxpayers within the Districts are subject to District debt and there is no tax burden on residents and businesses outside of the District. He stated each district will have its own board but will coordinate the installation of public improvements. Baukol reviewed the accountability limits on the District's powers and the financial organization. He noted no debt can be issued until the GDP is approved. If the GDP is not approved, the Districts are dissolved. He added all construction must comply with City standards and meet competitive bidding laws. He noted the rules around accountability and transparency for the Districts including public meeting and reporting requirements. Baukol added the mill levy rates are in line with those of neighboring metro districts. Public Comments David Sinkey, 712 Main Street, stated these districts are complex but they are not evil. All people investing in to the District will know what they are getting into. He added