Loading...
HomeMy WebLinkAbout10.24.90 Special Council Minutes MINUTES COUNCIL MEETING SPECIAL OCTOBER 24, 1990 1. Mayor Kuchera called the meeting to order at 7:00 P.M. Members Present: Kuchera, Mayer, McKnight, Sprute, Galler. Members Absent: None. Also Present: Administrator Thompson. 2. The purpose of the meeting was to: a. hold a public hearing on Economic Development TIF District No.2; b. Space Needs referendum; and c. Council compensation. 3. Mayor Kuchera opened the public hearing to consider establishing Economic Develop- ment District No.2. The Economic Development Director presented an overview of the project, noting that the district would be located on Lot 2, Block 2, Farmington Industrial Park and the project would consist of a 9,000 square foot manufacturing facility. Mr. Henricks indicated the plan would provide for TIF financing for 10 years (8 increments) and noted the project would not be possible without TIF. Jeff Thelen and Project Manager Rich Volovsek reviewed the proposed plan. Administrator Thompson noted that the TIF plan included a statement that Option "A" would be utilized which meant the project Fiscal Disparities Contribution would be absorbed by the General taxes. Also, the project would penalize the City $3000 - $3500 in LGA. Ad- ministrator Thompson added that the total impact on property taxes would be minimal. HRA Director Henricks noted the plan and resolutions had been reviewed by Attorney Grannis and HRA Attorney Darflinger. MOTION by Galler, second by Kuchera to close the public hearing. 4. Councilmember Sprute noted that the project was a tremendous opportunity for the future of Farmington and the Industrial Park and that it was accomplished through the efforts of the Farmington HRA and City Council. Councilmember Sprute also noted that it was noteworthy that the first occupant in the Industrial Park was a Farmington businessman. Mayor Kuchera echoed Councilmember Sprute's sentiments. MOTION by McKnight, second by Mayer to adopt RESOLUTION NO. R79-90 approving the Tax Increment Financing Plan and Tax Increment Financing for HRA Development District No.2. APIF, MOTION CARRIED. 5. The Council next discussed the upcoming City referendum and noted that recent news articles had not divulged all the financial information and was concerned the public was not receiving all the information. Councilmember Sprute stated that he did not want to see the City criticized for withholding information. Discussion followed regarding methods of informing the public. MOTION by Sprute, second by Mayer to direct staff to place an ad in the Farmington Independent explaining the referendum and specifically noting the impact on residential property taxes and utility bills and addressing the transfer of the property from the HRA to the City. APIF, MOTION CARRIED . 6. The Council next considered Councilmember compensation. Councilmember Sprute stated he wished to discuss this matter in the event there were concerns that would need further research before the next meeting. Administrator Thompson presented a survey of council compensation for Group VI cities in the Stanton report. Council.. member Galler statec the report showed tbat, if anything, the Mayor's salary should be increased. Mayor Kuchera stated that he was not in favor of an increase in the Mayor's salary. Councilmember Mayer stated that the Council should not just look at the present, but also that Farmington was growing and that additional meetings would become the norm. Councilmember Sprute stated that if the Council was not unanimous in favoring the proposal, the matter should be dropped. Mayor Kuchera stated he was opposed. No further action was taken. 7. MOTION by Mayer, second by McKnight to adjourn at 8:45 P.M. APIF, MOTION CARRIED. Respectfully submitted, /77/-;-- Larry Thompson City Administrator Approved It!ljl~o