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Member Bolz- Andolshek asked Member Smith to recuse himself due to conflict of <br />L 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 />144.1 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 ofmoiect. <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 <br />Economic Development Committee <br />July 28, 2009 <br />3 <br />