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Discussion ensued regarding TIF expiration dates and the movement of funds between the <br />districts and projects. <br />Economic Development /Marketing Manager Backman stated that if the modification for TIF <br />District #1 is not approved, 3.1 million dollars would be at risk for three projects not being <br />accomplished, the rail station, the ramp and the Residence at the COR. <br />Commissioner Bauer stated he is uncomfortable with the language and would like it to be a clear <br />intent with the rail and parking ramp project and restricted to those two projects. <br />Motion by Commissioner Field, seconded by Commissioner Schiller to adopt Resolution #11 -12- <br />235 declaring proposed modifications to Tax Increment Finance (TIF) Districts #1 & #2 to be <br />consistent with the 2030 Comprehensive Plan. <br />Motion Carried. Voting Yes: Chairperson Levine, Commissioners Field, Schiller, and Van <br />Scoy. Voting No: Commissioner Bauer. Absent: None. Abstain: Commissioners Brauer and <br />Dunaway. <br />Case #4: Discussion of Metropolitan Council's 2040 Framework Plan Process <br />Presentation <br />Senior Planner Gladhill presented the Staff Report. <br />This case was for information purposes only. <br />Case #5: Review Findings of Development Cost Study <br />Presentation <br />Senior Planner Gladhill presented the Staff Report. <br />This case was for information purposes only. <br />Case #6: Staff Update <br />The Staff Update was noted. <br />COMMISSION /STAFF INPUT <br />ADJOURNMENT <br />Motion by Commissioner Bauer, seconded by Commissioner Schiller, to adjourn the meeting. <br />Motion Carried. Voting Yes: Chairperson Levine, Commissioners, Bauer, Schiller, Brauer, <br />Dunaway, Field, and Van Scoy. Voting No: None. Absent: None. <br />Planning Commission /December 1, 2011 <br />Page 6 of 7 <br />