HomeMy WebLinkAboutA006 - Minutes from TIF Consultation Meeting September 10, 1997 TIF Consultation Meeting
Meeting Minutes
9/10/97
4:00 p.m.
Room 235
Attendees: Bill Sommers - Ames Community School District -
School Board Member, Steve Schainker - City Manager, John
Klaus - City Attorney, Mark Reinig - Economic Development
Coordinator.
Mr. Sommers asked for a description of what the TIF District will
do to the school districts tax base.
Mr. Schainker explained the TIF boundaries, the debt needed to
build the infrastructure and the City of Ames' plan to retire the
debt.
A handout describing the debt service and payback on the original
TIF District was given to Mr. Sommers.
A handout describing the projected debt service and the projected
payback on the proposed TIF District was given to Mr. Sommers.
A map was provided to Mr. Sommers of the proposed project area
as well as a Council Action Form describing the Urban Renewal
District and TIF Process.
Mr. Sommers asked for and received a description of what
happens next in the process.
Mr. Schainker offerred to attend the School Board meeting to
further explain the TIF process.
Mr. Sommers was informed that the comment period for his
organization would be open until October 7, 1997.
The meeting was adjorned at 4:25 p.m.
Minutes taken by Mark Reinig