HomeMy WebLinkAbout2001-10-01 TIF Commission MinutesRIVEKSIDE TAX INCREMENT FINANCING COMMISSION
2950 NW Vivion Road, Riverside, Missouri
Minutes October 1, 2001
5:00 p.m.
Chairman Ron Super called the meeting to order at 5:06 p.m. and roll call was answered by the
following members: Charles Burris, Bill Bright, Brad Robertson, Tim Weeks, Dennis Fisher,
Betty Knight, Leland Finley, Michael Short and Betsy Hulen.
The continued discussion regarding the Gateway Redevelopment Plan commenced. Steve
Crystal spoke of numerous changes that had been made in the Plan to address concerns raised by
the public and the Commissioners and entered Exhibit K regarding the process and procedures to
utilize condemnation under the Plan. "They have added the grant development plan, and have
provided a redevelopment plan. To address the School District's concerns that TIF revenues not
be used for residential development, a provision was added to the Plan providing that TIF
assistance will not be available for the development of residential properties or homes.
At 5:12 p.m. Dr. Jackson arrived.
Tim Weeks asked if the City would be held harmless and would uphold financial commitments.
Charles Burris asked for a clarification of the 10-year stipulation as opposed to the 23 years for
TIF assistance.
'Tim Weeks asked if the mechanics for the loan or grant program were in place. He also asked if
grant requests will come to the TIF Commission and was told they may be introduced on a case-
by-case basis.
Leland Finley then asked if what we are approving is a blueprint of the process to follow.
Brad Robertson asked what happens if this process doesn't work and then inquired about the
negative impact this can have on common property outside the TIF Area.
Michael Short made a motion to adopt Resolution No. 01-01, "A Resolution Approving The
Gateway Redevelopment Plan, Designating T he Redevelopment Area; Authorizing Requests For
Proposals; Approving Actions And Documents Related Thereto In Connection With The
Redevelopment Of Certain Property Within The City Of Riverside, Missouri; And
Recommendation Of The Same," that was seconded by Tim Weeks. Roll call was read and
Resolution No. 01-01 was adopted with 9 voting in favor of the Resolution and 2 opposed.
Resolution No. 01-03, "Resolution Of The Tax Increment Financing Commission OjRiverside,
Missouri ("Commission') Approving The Inclusion Of The Redevelopment Project 1-Phase L
Within The L-385 Levee Redevelopment Plan, As Amended ("Plan'); Approving The Designation
OjThe Redevelopment Project I-Phase LArea,- Approving The Adoption Of Tax Increment
Financing For The Redevelopment Project I-Phase L Area; And Expressing Itr
Recommendations To The Board Of Aldermen Of Riverside, Missouri With Respect To The
Same," was introduced and discussion was directed at consideration of Resolution No. 01-03.
fhe Commission was advised of the developer selection process and commitments
involving Majestic Realty, Kessinger/Hunter and Hunt Midwest. Each company, in thew
response to the Request for Qualification, indicated that they would commit tive million
to the redevelopment phase.
Bill Bright made motion to approve No 01-03 second by Brad Robertson. Roll call was
read and unanimous favor to accept.
Bill Bright then made motion to adjourn and 2°d by Leland Finley all approved ending the
session at 6:08 PM
Kespectfiilly submitted
Best Hulen Sec. 1~IF Commission