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Home My WebLink About2001-06-27 TIF Commission MinutesRIVERSIDE TAX INCREMENT FINANCING COMMISSION PUBLIC HEARING MINU"TES JUNE 27, 2001 A Public Hearing for the purpose to review the "Tax Increment Financing Act and the Tax Increment Financing Process, to review the Gateway Redevelopment Plan and receive public comments and questions. The Riverside Tax Increment Financing Commission met to conduct a Public Hearing regarding the Gateway Redevelopment Plan nn June 27, 2001, at 5:00 p.m. in the Riverside City Hall, 2950 NW Vivion Road, Riverside, Mo. Chairman Ron Super called the meeting to order and roll call was answered by the following members: Charles Burris, Bill Bright, Brad Robertson, Ron Super, Tim Weeks, Dennis Fisher and Betty Knight. Absent were: Leland Finley and Michael Short. Also present was Mayor Betty Burch, Steve Crystal, Attorney, Deborah Polk, Attorney; and Louise Rusick, Acting Secretary to the TIF Commission. Mayor Betty Burch made introductions and the meeting resumed. A motion was made by Bill Bright to appoint Betsy Hulen as Secretary to the T[F Commission, seconded by Tim Weeks. The vote was: Burris, Bright, Super, Knight, Robertson, Wccks and Fisher. Motion carried. Chairman Super introduced City Attorney Steve Crystal who presented the plan for the TIF Commission saying it involves those that wanted to achieve betterment for the community. He went on to explain the plan and certain areas of boundary planning and reviewing specifics of the rcdcvclopment plan involving 318 acres and stated the boundaries. He said it is not the city's intent to condemn properties. He said there is an incentive for private investment in the main quarter of the community. The TIF plan does not specify projects at this time. Chairman Super asked TIF members for questions or comments. Bill Bright asked Mr. Crystal if the plan blighted study preponderance (constitutes blight), what level is preponderance, 10%, 90% or what? How many pockets do we have to have, what percentage? Answer by Steve Crystal. Many pockets of area arc in the district. Case law says there's enough if one parcel is there. He stated it calls for the highest and best use, i.e. assessment, property values (improvement of existing struchu~cs). Example: A business with employees is the highest and best use. It will help property owners to better their property. I'im Weeks said it is making Platte County property better by tear down, bare ground is now assessed at bare ground. If the project is approved, current tax is paid. The increase would be captured. Brad Robertson asked about condemnation and Steve responded saying a public purpose must be present to condemn property. Betsy Hulen asked about the south part of the map as to why some of the larger areas are excluded. Steve stated because that is the 1. 385 (1800) acres and is excluded and in anothorTlF area. Dennis Fisher said the highest and best use fit into the overall master plan for the City, The City can decide if it wants to articulate development standards. Ron Super stated the time set for Tax [ncrcment Financing is twenty-three days from the date the commission adopts the TIF plan. The public entered into the discussion. Beverly McWilliams asked who decides if property should he condemned'? Answer: The Board of Aldermen. Toni Looker stated she didn't think anyone had enough time to read the plan and understand. Harty Boggess said there was a short time to review all and asked, "How can you do any redevelopment with the area is in the flood plain until the Icvcc is built?" It was stated at the June 26°i Board of Aldermen meeting an ordinance was passed to issue $20 million in bonds in August. F,d Rule stated any condemnation that would be done, the parry would he paid the fair market value and if they had to relocate, rile cost for such would be paid. He also stated there are funds available to improve existing buildings and other ways of helping business owners. Ron Castle asked if there were limits on tux abatements without giving away everything. He stated the map shows/indudcs almost all of Commercial and Retail boundaries. Answer: The Board of Aldermen decides. Sam Scu~fino said he was trying to understand the objectives. There is some uneasement, saying large investors can come in and squeeze out long time investors. He suggested training/education sessions on the Tax Increment Financing Plan. He asked, can the codes be "toughened up" short of getting into the TIF Commission? Mayor Burch stated we are hying to get owners to improve properties when the streets are improved. Rick "Corner said he thinks everyone there has condemnation concern and asked for a show of hands. Bob Campbell spoke saying the City needs an exact plan as to what they want to do. Condemnation has to be a part of the TIF plan. Also, determining the real costs of PILOTS and where the moneys coming from to make TIF work and the real cost of PILOTS. Steve Crystal said grants, loan programs, and others could be set up. Private investment should determine this. It is the intent of the TIF Commission to make TIF developer friendly to actually function. Mayor Burch staled the Redevelopment Plan information would be available to all. Mike Dinwiddie and Lcsa Parson asked about the effect as residents. They were told there would be a grant loan program available so improvements could he done, if necessary. Joe Hullebusch said he owns a 3 plex and asked about condemnation. Tim Weeks, Board member departed at 7:00 p.m. Chairman Ron Super recessed the Public Hearing until July I I, 2001 at 5:00 p.m. Mayor Burch said Mr. Finley, TIF Board member cannot attend on Wednesday evenings and would like to meet on Monday or Thursday evenings. 2 A motion was made by Dennis Fisher to approve Resolution No. 01-01, A resolution approving the Gateway redevelopment Plan, designating the redevelopment area and approving the infrastructure redevelopment project: selecting a developer for the redevelopment area; approving actions and documents related thereto in connection with the redevelopment of certain property within the City of Riverside, Missouri: and recommendation for he same, seconded by Brad Robertson. The vote was: Burris, Bright, Robertson, Super, Hulen, Fisher and Knight. Weeks, Finley and Short absent Motion carried. The Corp process and financing should come to surface in August and be ready to award a conh'act by the first of the year. The city representatives, Armstrong, "feasdale has received seventeen Reyucst for Qualifications from developers. A motion was made by Brad Robertson to approve Resolution 01-02, Resolution of the Tax Increment Financing Commission of Riverside, Missouri ("Commission") approving the inclusion of the redevelopment project 1-Phase K within the L-385 Levee Redevelopment Plan, as amended ("Plan"; approving the designation of the redevelopment project 1-Phase K area; approving the adoption of Tax Increment Financing for the redevelopment project I-Phase K area; and expressing its recommendations to the Board of Aldermen of Riverside, Missouri wide respect to the same, seconded by Charles Burris. The vote was: Bw'ris, Robertson, Super, Fisher, Hulen and Knight Affirmative. Bill Bright abstained because of the "but for" test had not been met. Absent: Weeks, Finely and Short. Motion carried. Brad Robertson suggested hying to simplify condemnation in writing and in `9ayman's terms." Betty Knight departed at 7:30 p.m. With no further business to be discussed, the meeting adjourned at 7:45 p.m.~ GLL.2 ' i~ {~~ ~- Lou se Rusick, Actin Secretary T Commission 3