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Motion carried. Voting Yes: Chairperson Riley, Councilmembers Musgrove and Woestehoff. <br />Voting No: None. <br />5. COMMITTEE BUSINESS <br />5.01: Reeeive-Presentation-e-th-en-B-eulevafd)-Ger-rider-Traffie-Study <br />Item postponed to the next meeting. <br />5.02: Review COR Analysis Update <br />City Engineer/Public Works Director Westby provided an update on the status of the COR analysis <br />update. <br />Economic Development Manager Sullivan provided more information on the waterfront <br />excavation and mass site grading of undeveloped land which could be funded through TIF. He <br />provided more information on wetlands and potential mitigation. <br />Councilmember Woestehoff asked the balance of that TIF District, acknowledging that there are <br />other eligible improvements that could be done with those funds as well. <br />Economic Development Manager Sullivan provided clarification on eligible and ineligible TIF <br />expenses. He stated that the City is currently working with Ehlers to update the analysis on the <br />TIF District and eligible balance. He hoped that work would be done before this moves forward <br />to the City Council. <br />Councilmember Musgrove asked for clarification on the wetlands. <br />Economic Development Manager Sullivan identified the higher value wetlands that would require <br />more mitigation efforts. He also provided additional background information on the changes made <br />in 2016 to the wetland rules. <br />Councilmember Musgrove asked if the wetland marked in teal is part of the stormwater pond/area <br />and whether that would remain in place with development. <br />Economic Development Manager Sullivan replied that is an incidental wetland and could be <br />moved. <br />City Administrator Hagen commented that the wetlands marked in red are historic whereas the <br />wetlands marked in blue are created/incidental and could be filled. <br />Economic Development Manager Sullivan provided more details on potential development, where <br />access could be provided, and the different concepts that could be considered that would <br />keep/eliminate different wetlands. <br />Public Works Committee / February 21, 2023 <br />Page 2 of 12 <br />