HomeMy WebLinkAboutMinutes 12-18-17RDA Minutes December 18, 2017 Page 1
REDEVELOPMENT AUTHORITY MINUTES
December 18, 2017
PRESENT:Thomas Belter,Steve Cummings,Steve Hintz,Archie Stam
EXCUSED:Jack Bermingham,Jason Lasky,Doug Pearson
STAFF:Allen Davis, Executive Director/Community Development Director;Darlene
Brandt, Grants Coordinator;Andrea Flanigan, Recording Secretary;
Chairman Cummings called the meeting to order at 4:00 pm. Roll call was taken and a quorum
declared present.
Public Hearing:
Spot Blight Designation 948 W. 4th Avenue
Chairman Cummings opened the public hearing on the proposed spot blight designation
for 948 W. 4th Avenue.
No one appeared and the public hearing was closed.
Res.17-25 Approve Spot Blight Designation; Approve Acquisition of Property at 948
W. 4th Avenue ($19,000)
Motion by Hintz to move Res.17-25
Seconded by Belter
Mayor Cummings inquired about the background of the building.
Ms. Brandt stated according to assessor records it was an old sign company and grocery store.
The item was called. Motion carried 4-0.
Res.17-26 Approve Amendment to Tax Incremental District No. 31 Development
Agreement with Fox Valley Pro Basketball, Inc.
Motion by Belter to move Res.17-26
Seconded by Hintz
Mr. Hintz inquired if the City felt good about the tax increment growth in the area.
RDA Minutes December 18, 2017 Page 2
Mr. Davis stated the arena exterior and interior finishes went above and beyond what was
originally proposed which drove up the project costs as well as the value of the property. He stated
he is very pleased with the value.
Mr. Belter inquired when there would be the tax assessed valuation.
Mr. Davis responded the tax assessed value would be effective January 1st, 2018 but the number
would not be known until summer of 2018 when the Assessor holds open book and board of
review.
Mr. Belter inquired if it was a state or local valuation.
Mr. Davis responded it will be a local valuation.
The item was called. Motion carried 4-0.
There was no further discussion.The meeting adjourned at approximately 4:08 PM.
(Belter/Bermingham)
Respectfully submitted,
Allen Davis
Executive Director