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Economic Development Manager Sullivan commented that it is his understanding that the overlay <br />was not done in the past as there was a desire to make the best use of City funds. He stated that <br />sewer and water will ultimately be in this area and therefore the City wants to make sure the project <br />is done right. <br /> <br />Mr. Kuker agreed that industrial uses would need access to sewer and water. <br /> <br />Deputy City Administrator Gladhill commented that if the City puts that infrastructure in the <br />ground, that cost can be recouped through development. He stated that if the City were going <br />through the expense of redoing the roadway, it would make sense to put in the utilities at the same <br />time. <br /> <br />Chairperson Steffen asked and received confirmation that there is sewer and water at the PSD site <br />and then stops. <br /> <br />Deputy City Administrator Gladhill commented that it seemed there was consensus in the past for <br />industrial on the west and retail on the east and staff just wanted to confirm that remains true today. <br /> <br />Chairperson Steffen commented that seems to make sense. He asked and received confirmation <br />from Mr. Kuker that he would support having his parcel on the southwest corner of Bunker and <br />Armstrong cut in half with half industrial and half retail. He confirmed the consensus of the EDA <br />with that direction. <br /> <br />Economic Development Manager Sullivan asked if the EDA feels that moving forward with a <br />project to put in sewer and water and complete the road is a good idea. He noted that the first step <br />would be to put together plans and specifications and the second step would be to determine how <br />that process would be funded. He noted that once the plans and specifications are completed, the <br />estimated project cost would be known. He asked if the EDA would support the use of TIF, HRA <br />funds, or EDA dollars to prepare the plans and specifications for the roads and utilities in this area. <br /> <br />Member Cords commented that seems reasonable. <br /> <br />Chairperson Steffen agreed that it would seem that the City would lead the project. <br /> <br />Economic Development Manager Sullivan provided additional details on the timeline related to <br />the use of TIF district funds. He confirmed that TIF dollars would be the preferred choice of <br />funding as it would provide the greatest flexibility. He acknowledged the tough timeline but <br />believed it could be met. <br /> <br />Chairperson Steffen confirmed the consensus of the EDA with the recommendation of staff to <br />prepare plans and specifications, with a preference for using TIF funds for that cost. <br /> <br />Economic Development Manager Sullivan asked if there would be support from the EDA for the <br />City to be a partner in the extension of utilities. <br /> <br />Economic Development Authority/ May 13, 2021 <br />Page 5 of 11 <br /> <br />