HomeMy WebLinkAbout2002-03-26 Council Minutes - Part 2
CITY OF CORCORAN
COUNCIL WORKSHOP
MARCH 26, 2002
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Mayor Guenthner opened the workshop at 5:00 p.m., on March 26, 2002. The
purpose of the workshop was to address matters relating to the retention and
expansion of UMC.
Present were Councilors Bucher, Gageby (arrived at 5:10), Gmach, Guenthner and
Thomas, Staff members Clerk Vergin, Engineer Vander Top and consultants Nick
Skarich and Joanne Foust.
Clerk Vergin explained that the purpose of the workshop was to review the
recommendation of the subcommittee on what assistance the City should provide
to UMC.
Councilors Gmach and Thomas served on the subcommittee with staff and
provided an overview of the finance package being recommended for UMC.
Information provided included a spreadsheet identifying uses, funds and sources,
and frontage road funding allocations specific to the UMC project; breakdown of
cost allocations between UMC and the Tomann property; a cash flow analysis; and
a draft letter to UMC identifying the proposed finance package and the role that the
City would take.
Other items identified that the City needs to implement during this process, if it
moves forward, is that when District #3 is established a TIF Policy needs to be
implemented. The policy should be specific to the UMC project, but should also
address future TIF and existing TIF districts.
It was suggested that the spreadsheet include the assessment breakdown for UMC.
Skarich strongly urged the council to look at amending District #1 as soon as
possible. The amendment would be for the budget to be inclusive of the projects
the city has discussed in the past such as CSAH 19, rerouting County Road 10, and
infrastructure to the downtown area.
Mayor Guenthner closed the workshop at 5:50 p.m., announcing that discussions
regarding this project would be continued during the regular council meeting
immediately following at 6:00 p.m.
Respectfully Submitted:
____________________________
Susan Vergin, CMC
City Clerk
Workshop Opened
Roll Call
UMC Project
Workshop Closed