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Economic Development Manager Sullivan explained that this is not a special kind of TIF as there <br /> are generally three types of TIF, economic development districts, redevelopment districts, and <br /> housing districts. He stated it is common to use TIF for housing. He explained that with a TIF <br /> housing district there is greater flexibility on what the funds can be spent on. He said the TIF would <br /> be a part of their revenue stream. <br /> Councilmember Musgrove shared that there is definitely a need for this kind of development; <br /> however, the location and the financial assistance are a big ask of the City. <br /> Councilmember Olson agreed. <br /> Mr. Fink thanked the Council for their opinions and feedback. He said they will continue to work <br /> with Economic Development Manager Sullivan to figure out what route they would like to take <br /> moving forward. <br /> The consensus of the Council was that they were not in support of the project given the location <br /> and the request for tax increment financing. <br /> 2.02: Continue Discussions Regarding Proposed Updates to the Personnel Policy <br /> Administrative Services Director Lasher reviewed the Staff report concerning the proposed <br /> updates to the personnel policy. She reviewed the proposed changes to the remainder of Section <br /> 5, Classification and Compensation, Section 6, Leave, and Section 7, Conduct. <br /> Councilmember Musgrove asked about the severance pay percentage based on years and why the <br /> percentage increases at five years and 15 years but not at 10 years. <br /> Administrative Services Director Lasher explained this severance policy has been in place as it is <br /> right now since before she was hired by the City which was in 2004. She said this is the way things <br /> have always been. <br /> Councilmember Musgrove asked about the benefit of having something at the five year mark and <br /> not having any increase until 15 years. <br /> Administrative Services Director Lasher said that the reasoning behind this has to do with <br /> employee and manager feedback. She shared this has been discussed in nearly every round of <br /> union negotiations that she has been a part of. She explained that there are areas of management <br /> that feel as though they would run into less overtime and unexpected absences if employees felt <br /> like they would have a better benefit in the end. She noted that all funds that would be distributed <br /> through the severance policy would go to the post employment healthcare savings plan. <br /> Councilmember Musgrove asked if these dollars are only able to be spent on healthcare. <br /> Administrative Services Director Lasher said yes because this is sick leave funding. She noted that <br /> of all of the cities she surveyed, all but one do this same thing. <br /> City Council Work Session/March 12, 2024 <br /> Page 3 of 9 <br />