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Member Bolz-Andolshek asked Member Smith to recuse himself due to conflict of <br /> interest. <br /> Member Jurchen recused himself. He stated he has direct conflicts. <br /> Mr. Tucci stated he has heard the remark"not with our tax dollars". TIF dollars are the <br /> result of the investment being made on the property. Without the investment being made <br /> no tax dollars are being taken away. <br /> Ms. Haverkamp stated that the but/for clause states that without the increment,this <br /> project will not happen. <br /> Member Bolz-Andolshek stated that this project couldn't be built with private funds. He <br /> asked if the last TIF project had been Brandon Andersen's and if competition was <br /> involved. Ms. Haverkamp stated that Mr. Andersen's project had been the last TIF <br /> project,•but manufacturing dollars come from outside the area. There would be <br /> competition for the labor pool. It was also an existing company. <br /> Member Smith stated that when the TIF note expires that dollar amount goes into the <br /> general fund. <br /> Member Rieck stated she thinks this is a very good project for the City and a plan like <br /> this would bring people to town. She has nothing against Oppidan,but she would feel <br /> better if this were being done by Justin Bolz-Andolshek. This TIF should be investigated <br /> further and that process should be started. <br /> A motion was made by Member Smith, seconded by Member Rieck,that the Economic <br /> Development Committee believes, based on what is known currently,that this project or <br /> a similar project could offer economic advantages for redevelopment and that the <br /> Economic Development Committee recommends this project move through the process <br /> and the City perform due diligence to see if Tax Increment Financing is appropriate for <br /> this type of project. <br /> Vote: 3 Ayes (Smith, Rieck and Larsen); 1 Member recused(Jurchen); 1 Member <br /> Conflict of Interest(Bolz-Andolshek). <br /> Chair Larsen asked to be on record as being supportive. <br /> The meeting was adjourned at 9:17 a.m. <br /> Respectfully submitted, <br /> Dawn Bittner <br /> Zoning Administrator <br /> Minutes 3 <br /> Economic Development Committee <br /> July 28, 2009 <br />