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City Council Minutes <br /> July 7, 2020 <br /> Page 2 of 12 <br /> � ----------------------------- <br /> 5. Presentations <br /> 5.1. Communitv Enhancement Proiect Update— ICS Consultinq <br /> Jeff Schiltz and Nathan Norton from ICS Consulting updated the Council on the <br /> Community Enhancement Project for the Heart of the Good Life Development. <br /> Nathan Norton stated they had six listening sessions with 100 plus various <br /> attendees. He shared the findings of these sessions and community <br /> enhancement ideas. He said the advice to the decision makers is to have <br /> activities for the Community, consisting of both youth and adult activities. <br /> Mr. Norton stated they created a Steering Committee which consisted of 34 <br /> volunteer community members, 400 combined hours, and they reviewed the <br /> listening session findings. <br /> He said there were common ideas consisting of a competitive baseball field, <br /> covered pavilion, hockey rink, and covered tennis courts. He said there were <br /> various costs associated with the ideas ranging from $1 to $6 million. Mr. Norton <br /> said they came to the standstill due to budget. He stated the budget is contingent <br /> on if the School is going to be involved. <br /> � Mr. Norton discussed access to the south of the Church, use of septic's and <br /> well's for anyone going into the development and the possibility of the City setting <br /> aside a 40 acre parcel for recreation and the rest being used for private. He <br /> presented some side by side comparisons of various scenarios with different cost <br /> ranges. <br /> Mr. Schiltz said they asked the citizens how much the development could cost <br /> and the majority of the individuals stated between $2 million to $5 million. He said <br /> they also asked per household how much they would be willing to pay for the <br /> project to get a gage on taxes. He said a majority of individuals said $100-250 on <br /> an annual basis. <br /> Mr. Schiltz said they talked with David Drown, other financial advisors and <br /> School Districts to look into ways other Cities fund projects. He discussed <br /> donations, state bonding, other bonding sources, entertainment tax, food & <br /> beverage tax, voter approved special election bonds, sale and use tax, <br /> abatement bonds, and user fees. He explained potential costs to taxpayers for a <br /> City voter approved special election. He said for$3 million through $6 million <br /> borrowing Pequot residents could potentially see an increase of$50 annually to <br /> about$400 annually depending on values of residences. <br /> He stated that more cities are using sales and use tax for projects in recreational <br /> type of spaces. Mr. Schiltz explained that there were about 23 requests into the <br /> legislature this last year but because of the COVID situation none of those 23 <br /> � schools or cities have been allowed to put their project on a ballot for this <br /> November to raise their sales tax for their particular projects. He said the projects <br />