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Economic Development Manager Sullivan provided details on TIF and how that can be used. He <br /> stated that parts of this could be TIF eligible. He noted that if the costs are incurred in the next <br /> two years, they would be eligible expenses but reminded the group that the funds would also need <br /> to be generated through development. <br /> Parks and Assistant Public Works Superintendent Riverblood commented that the costs are really <br /> unknown at this time because of the different factors involved. He believed that having the <br /> knowledge of the cost estimated would be very useful, even if the City chooses not to move <br /> forward on the project as that information could be shared with developers that come forward with <br /> interest. <br /> Chairperson Riley confirmed that it appears everyone supports gaining more information. <br /> Economic Development Manager Sullivan commented that Centra Homes is very interested in the <br /> residential portion of the property. He stated that it would be cheaper for the City to do the wetland <br /> work than it would be for the developer. He stated that there would need to be a decision on <br /> whether there is interest in completing that work. <br /> Councilmember Musgrove commented that it would be nice to know where that process is and <br /> how it would impact the cost. She stated that she would like to see the stormwater pond stay along <br /> Armstrong and be lengthened. <br /> Economic Development Manager Sullivan commented that the stormwater pond is the least <br /> important to move as that could be something developers design around or modify. He stated that <br /> the focus would be the wetland and removing it from the site. <br /> Chairperson Riley confirmed that the group would like more information on the costs of moving <br /> the wetland and adding fill to the site. <br /> Councilmember Musgrove believed that the Council should also have a discussion related to the <br /> guiding of the property. <br /> Chairperson Riley commented that the Council has had that discussion several times before. He <br /> noted that he would support the fact-finding mission at this time. <br /> Economic Development Manager Sullivan confirmed that staff would gather more information <br /> and report back to the Committee. <br /> 5.05: Consider Recommendation for City Council to Reject Bids for Water Treatment <br /> Plant Trunk Watermain Improvements, Improvement Project #21-08 (Previously <br /> Case 5.06) <br /> City Engineer Westby reviewed the case and recommendation of staff and SEF to recommend that <br /> the City Council reject the bids for the Water Treatment Plant Trunk Watermain Improvements, <br /> Public Works Committee/January 18, 2022 <br /> Page 10 of 15 <br />