Laserfiche WebLink
<br /> <br />Q: <br />Mr. Crow asked why it was suggested that it would be beneficial to have a JDC <br />member appointed to a TIF commission, if formed. <br />A: <br /> Mr. Mello said it was suggested for the reason that they would have spent two years <br />already discussing the project and would have some familiarity with the project. Mr. <br />Martin stated that once University City’s TIF expires, the committee also expires and <br />when a new TIF is formed, new members are chosen. <br /> <br />Q: <br />Mr. Crow asked about costs involved with all that entities proposed. <br />A: <br /> Mr. Mello said for the 353 Corporation the JRIC decided on $75,000 from each city for <br />start-up costs. If a Transportation Development District (TDD) were to be formed, it <br />would be much later and at an estimated cost of $25,000 per city. The formation of a <br />TDD was not mandatory. <br /> <br />Q: <br />Mr. Crow asked how much money has already spent by U City on this effort. <br />A: <br />Ms. Riganti stated each City approved $25,000 to be used for legal fees to prepare the <br />draft intergovernmental agreement as part of the November 2011 resolution adopted <br />by both city councils. The City also spent approximately $1,000 on the Urban Land <br />Institute Technical Advisory Panel report for the study area. No more had been spent <br />on the project in the last two years. <br /> <br />Q: <br /> Mr. Crow stated both cities are asked to fund a combined $150,000 which will cover <br />legal fees. <br />A: <br /> Mr. Mello noted the $75,000 from each City was for planning, marketing and <br />administration costs, and for very limited legal fees. The cost for doing the work to <br />form the 353 is probably in the area of $500-$1000. <br /> <br />Q: <br /> Mr. Crow was concerned about there not being any back-door if the City wanted to opt <br />out of a professional services contract, and referenced the Parkview Gardens Plan. <br />A: <br />Mr. Mello assured him that he had governmental interest in this project and would like <br />to see it succeed. He said one would need to ask if both Cities shared the value of <br />being jointly developed as a net gain in the long run. Mr. Mello said one would need to <br />ask that, after two years of study, do you want to proceed with a joint effort? Do you <br />want to make an appropriation of $50,000 or another amount to fund the start-up <br />costs? Mr. Martin noted that the 353 Corporation can come back to the Cities and ask <br />for more money but the City has the option to say no, knowing that would be the death <br />of the project. <br /> <br />Q: <br /> Mr. Kraft asked if the Master Plan would come back to Council. <br />A: <br /> Mr. Mello said it would come back to Council if the 353 Corporation deviated from their <br />Master Plan or zoning ordinances approved by each Council. <br /> <br />Q: <br />Mr. Kraft asked if the budget was realistic. <br />A: <br />Mr. Mello said yes. Ms. Riganti noted staff had consulted with several agencies and <br />were told that the proposed planning consulting fees were reasonable, considering the <br />proposed project scope and the size of the area involved. <br /> <br /> <br /> <br /> <br />3 <br /> <br />