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· $22,794 to 1~ & l~ Carpet to assist them in moving the access to Highway #10 and right-of- way access. · Total costs of all three projects would be $98,907. Funding for the sewer and water improvements in the amount of $46,113 would be funded from the sewer and water utility funds. The remainder of the project costs ($52,794) would be funded from the General Fund. On a related matter to B & B Carpet, it was determined that it would be in the best interest of the project to extend the duration of the TIF District for B & B Carpet. Extending the duration of the Redevelopment TIF District is statutorily allowed. Because of the recent legislative changes, the pay-as-you-go TIF Financing offered to B & B Carpet falls extremely short of earlier projections. The issue of extending the life of the TIF District was addressed in order for the City to obtain a mutually acceptable agreement between both parties. Motion by Mayor Gamec, seconded by Councilmember Anderson, to recommend that the City Council authorize the $22,794 to B & B Carpet to assist them in moving Highway #10 access and direct staff to extend the duration of TIF District No. 7 for B & B Carpet from 2015 to 2025. Further discussion: Councilmember Zimmerman stated that he did not know if he was willing to spend $50,000 to cmTect the issue when eventually there will probably be a frontage road in the area that will correct the problem. City Administrator Norman explained that the City will be receiving frontage road right of way as part of the transaction. Councilmember Hendriksen stated that the issue is that B & B Carpet took the access that was servicing their neighbor and placed it in front of their building. Councilmember Zimmerman replied that according to the aerial photographs, the access is in the same location as it was prior to the construction of B & B Carpet. What changed is that the easement was built over. Councilmember Hendriksen inquired as to what the City will be getting for the money. City Administrator Norman replied that the City would be receiving the frontage road right-of-way. Councilmember Hendriksen inquired if the need for a frontage road along Highway #10 significantly changed with the proposed realignment of Highway #10. City Administrator Norman replied yes. Councilmember Hendriksen recommended discussing the issue further at a Public Works Committee meeting. Motion was withdrawn. Councilmember Anderson inquired if the issue was time sensitive. City Administrator Norman replied no. Motion by Councilmember Anderson, seconded by Councilmember Kurak, to forward the issue to the Public Works Committee for further consideration. Further discussion: Councilmember Kurak noted that she was very uncomfortable with the funds coming from the general fund. Finance Officer Lund explained that at year-end, when there is a transfer of revenues that exceeded expenditures into a fund, that is where the funds would come Finance Committee/April 9, 2002 Page 4 of 7