Minutes - Council Work Session - 12/12/2023

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City Attorney Knaak shared that there are some pretty compelling arguments for this that could eventually result in some type of adjunct situation. He stated these property owners are asking for some type of accommodation and not necessary to have this ordinance changed. He explained they would not have to completely modify the ordinance, but they would rather offer a waiver of this requirement. The consensus of the Council was to leave the animal ordinance as is. 2.02: 2024 COR Infrastructure Improvements City Administrator Hagen reviewed the Staff report in regard to the 2024 COR infrastructure improvements. He shared there are available funds in TIF Districts 1, 2, and 14. Councilmember Woesethoff asked about parcel 46 and the apartment that the Council had preliminarily seen. He asked where these are if they would both benefit from the Ramsey Parkway extension. City Administrator Hagen explained that Ramsey Parkway between Zeolite and the roundabout needs to be completed next year for all of this development. He noted that the eastern side of West Ramsey Parkway and Center Street is not as urgent. Councilmember Musgrove stated she would like to see what they can do without the intergovernmental loan transfers. Finance Director Lund explained that for purposes of being able to pay themselves back they have to have the inter-fund loan that is coming back in to pay back TIF 1 and 2 with interest. She stated it is just a loaning fund until the increment is generated in TIF 14. She explained that TIF 1 would contribute $1,134,000, TIF 2 would contribute $2,250,000, and the remainder would be $674,000. She noted this does not take into consideration any contribution for the two properties. She stated once it is constructed and the TIF 14 project area starts generating enough increment, it will then pay back these loans. She added that there needs to be an inter-fund resolution in place for them to be able to pay themselves back. Councilmember Riley appreciated the conservative projections. He explained that if they want to fully develop the COR area then they need to incur these expenses at some point. He said if they wait too long to do this then the TIF will not be available. He stated it makes sense to do this now. Councilmember Woestehoff agreed and added that road projects are likely going to continue to get more expensive as time goes on, so the sooner they can get some of this work done, the better. Councilmember Olson added that he agrees that this should all be done sooner rather than later to not stretch out the construction. Mayor Kuzma agreed. City Council Work Session / December 12, 2023 Page 4 of 10