Minutes - Council Work Session - 07/18/2023 - Special

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City Administrator Hagen explained that Center Street is more tied to when amenities are constructed in the waterfront park and the park starts to become resident visited. Councilmember Woestehoff suggested doing Zeolite and the small portion of West Ramsey this year and then do the long stretch of West Ramsey next year and then plan on doing Center Street the following year. He reiterated that the three year extension of these funds are a gift. Councilmember Musgrove asked if there is a cost share on the west side of West Ramsey. Economic Development Manager Sullivan explained that Zeolite is a street that the City had already planned on reconstructing on its own so will not be a part of the cost share. He stated that the cost share of the A-1 section of West Ramsey can be negotiated. He noted that in the A-2 section, both developers were comfortable with the cost share. Councilmember Howell agreed with Councilmember Woestehoff’s suggestion of doing A-2, F-1, and F-2. Councilmember Riley stated that these are the most important things that are TIF eligible expenses, which is why Staff has requested they discuss it. Mayor Kuzma noted that Zeolite and the A-2 area seem to have a consensus. Councilmember Musgrove asked what other roads in the TIF district are ones that they want to get done. She asked about any benefits of doing a larger or a smaller bond. City Administrator Hagen explained that all of the sections colored on the map in the packet are TIF eligible expenses. He noted that the bond capacity will be dictated on how fast private development occurs and what happens with property values. He added that two TIF notes will be paid off in 2024 and 2028. He noted that these will also increase the bond capacity. Councilmember Riley asked about segment G on the map on Bunker which says ‘by County.’ He asked if this had been renegotiated with the County. Mayor Kuzma stated that this portion has a joint powers agreement. City Engineer/Public Works Director Westby explained that this was the work that the County did last year to get this section ready for all of the work on Highway 10. He noted that the previous vision for this corridor in the CIP has been moved many years down the road. Mayor Kuzma stated that it seems that they are trying to get the budget figured out for the next year for the Zeolite and A-2 project. He asked if this was enough to get them through to next year. City Administrator Hagen said that they will have Elhers update the bonding capacity and compare this to the A-2, F-1, and F-2. He stated that all of West Ramsey, Zeolite, and Center Street will be designed and if they wanted to do all three next year then the plans will all be ready. City Council Special Work Session / July 18, 2023 Page 6 of 8