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I I I I I I I I I I I I I I I I I I I CASE #7: REQUEST FOR CITY PARTICIPATION (TAX INCREMENT FURDS) 1M FLIBTWOOD RILLS SECORD ADDITION; CASE OF HR. ART RAUDIO By: Anne Borris. Community Development Director Background: Mr. Art Raudio is requesting City participation in the form of tax increment funds to assist in site improvements for future phases of development of the Flintwood Hills Second Addition P.U.D. Mr. Raudio is requesting that the City participate in approximately $105,000 of site improvements. According to the City Council's policy regarding City participation with tax increment funds, the Planning and Zoning Commission shall review all requests. The Commission should consider whether the request for participation is consistent with the City's comprehensive plan and whether the request is appropriate according to the City's zoning code. Enclosed is a letter with attachments dated April 22, 1986 from Mr. Art Raudio. Observations: According to existing legislation, the City's Bond Counsel has determined that the City may use tax increment funds to participate in site improvements. Also, in late 1985 the City Council approved a request to use tax increment funds to participate in site improvements (grading, ponding, landscaping and fencing) for the Churchill Estates apartment project. Recommendation: Commission Action: Motion to: Recommend approval of Mr. Art Raudio's request contingent upon the City Engineer verifying Mr. Raudio's estimates, and contingent upon the EDC also recommending approval of Mr. Raudio's request. Review Checklist: Administrator Attorney Engineer Community Development Dir. Chief of Police Finance Officer Public Works Superintendent Bond Counsel ~ ~