HomeMy WebLinkAbout1999-12-01 TIF Commission MinutesTAX INCREMENT FINANCING COMMISSION
MINUTES
DECEMBER 1, 1999
The Tax Increment Financing Commission for the City of Riverside,
Missouri, met in regular session at 5:00 p.m. in the City Hall
Annex, 4712 NW Gateway, Riverside, Missouri on December 1, 1999.
Chairman Ron Super called the meeting to order and roll call was
answered by the following members: Bill Bright, Jim Davis, Diza
Eskridge, Kent Jackson, Philip Krause, Ron Super, and Tim Weeks.
Also present: Deborah Polk, City Attorney's office, and Ann
Daniels, Secretary to the Commission.
Tim Weeks moved that the Minutes from the meeting of August 4,
1999, be approved as printed, seconded by Bill Bright. The motion
carried unanimously.
A discussion was held concerning the proposed Resolution 99-12-01
which would approve the inclusion of the Redevelopment Project I
Phase J within the L-385 Levee Redevelopment Plan, as amended
("Plan"); approve the designation of the Redevelopment Project I-
Phase J Area; Approve the adoption of Tax Increment Financing for
the Redevelopment Project I-Phase J Area; and express the
Commission's recommendations to the Board of Aldermen for the City
of Riverside.
The project to be captured by this Resolution is owned by Knappco
and involves the construction of a 30,000 sq. ft. addition to their
current facility and it is estimated that approximately $20,000
will continue to go to the taxing districtis and approximately
$27,000 would be realized annually for benefit of the TIF project.
Following the discussion, Tim Weeks moved that the Resolution be
adopted and forwarded to the Board of Aldermen, seconded by Diza
Eskridge. The motion carried unanimously.
Ann Daniels presented an overview of the Master Development Plan
being prepared for the Board of Aldermen for potential development
of the L-385 Redevelopment Area. Ms. Daniels informed the
Commission that the Board of Aldermen had authorized condemnation
of all the properties owned by Trillium and related entities, in
the Redevelopment area, since Trillium not been responsive to
requests for progress. A January date has been set for the
condemnation hearing. She invited the Commission members to attend
a joint meeting with the Board of Aldermen during their regular
meeting on December 21, 1999, at 7:30 p.m. where the draft Master
Development Plan will be presented for review.
Commission members expressed support for the condemnation and the
desire to see the project move ahead in a timely manner. An update
of the timeline for the project was given which indicates the bids
would probably be opened in late May or early June and a contract
awarded shortly after that so that construction could begin.
With no further business to be conducted, Bill Bright moved, and
Diza Eskridge seconded, that the meeting adjourn. The meeting was
adjourned at 5:55 p.m..
Ann Daniels, Secretary
Tax Increment Financing Commission