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[0:04]
All right, welcome everybody to our
regular scheduled city council meeting.
[0:10]
Tonight is Tuesday, September 1st, 2026
at 6 PM. And I'll call this meeting to
[0:15]
order and we'll begin always as we
always do with the Pledge of Allegiance.
[0:21]
I pledge algiance to the flag of the
United States of America and to the
[0:27]
republic for it stands one nation
[0:33]
and justice for all.
[0:44]
» Okay, we'll have uh Barb, our clerk,
read our open meeting statement for us.
[0:50]
This meeting and all meetings of the com
common council are open to the public.
[0:54]
Proper notice has been posted and given
to the media in accordance with
[0:58]
Wisconsin state statutes so the citizens
may be aware of the time, place, and
[1:02]
agenda of this meeting.
>> And would you take role of our older
[1:09]
persons that are here tonight?
>> Sure.
[1:11]
» Mayor Smith
>> here.
[1:12]
» Colin Dystra
>> here.
[1:14]
» Paul Hagen
>> here.
[1:16]
» Eric Halverson
>> here.
[1:17]
» Dmitri Martin
>> here. Paul Mayo
[1:19]
» here.
>> Cory Nagel
[1:21]
» here.
>> Eric Olsen
[1:22]
» here.
>> Dave Peterson
[1:24]
» here.
>> Scott Bchadsky
[1:26]
» here.
>> Henry Veliker.
[1:28]
» Nine present. We have a quorum.
>> And Barb, please start the introduction
[1:34]
of the departments, please.
>> Barb Noak, city clerk.
[1:38]
Laura Colbert, city administrator.
>> Eric Bailey, library director. Greg
[1:43]
Roman, finance director.
>> Justin Barren, director of public works.
[1:48]
Leslie Byersdorf, interim of the park
and rec department.
[1:52]
» Pete Crager, chief of police.
>> Thanks. And of course, Josh is in the
[1:57]
back room uh handling the IT for
tonight.
[2:02]
Uh next up or so, our first item on our
agenda is the uh consent agenda. Uh this
[2:07]
is where we take those few items that
are on the consent agenda with one
[2:12]
motion unless you see something that you
would like move to the regular agenda
[2:16]
where you would vote on that
individually.
[2:20]
Uh hearing none uh we would entertain a
motion to approve the consent agenda as
[2:26]
printed.
>> Motion to approve. Second
[2:29]
» motion by Olson, second by Distra that
we approve the consent agenda as
[2:33]
printed. discussion. All in favor
signify by saying I.
[2:39]
» I.
>> Against say no. Motion carried. Regular
[2:43]
agenda.
Uh no additions or
[2:48]
uh changes to the regular agenda that we
have. Uh so again, we'd be just looking
[2:53]
for a motion to approve.
>> Move to approve as
[2:58]
» motion by Peterson.
Uh second by Olsen that we approve the
[3:03]
regular agenda as printed.
All in favor signify by saying I.
[3:09]
» I.
>> Against say no. Motion carried.
[3:16]
Uh non-aggenda items. Uh announcements
and correspondence. This is uh first up
[3:22]
is public input.
Uh if there's anybody in the audience uh
[3:26]
staff or council members that would like
to speak to us on a n Agenda item.
[3:32]
Please give please give your name and
address for the record. Limit your time
[3:35]
to three minutes or less. Any public
input?
[3:42]
All right. Uh let's move on then to uh
new business.
[3:47]
Uh this is consideration of street
closures
[3:51]
for the Halloween on main event which is
going to be held Friday, October 30th,
[3:56]
2026.
And Leslie gets her first item here.
[4:04]
Good evening.
We are well on the way of all of the um
[4:10]
logistics for this year's Halloween on
Maine. Um which will be that October
[4:16]
30th. Um it is going to be that Friday
night. And we are requesting a street
[4:22]
closure that was similar to last year
for 2025.
[4:27]
Um we've adjusted the touch truck
activities to move through the entire
[4:33]
main street. Um and then we are asking
that um Main Street and Water Street are
[4:42]
closed up from the intersection of Elm
and Division all the way down
[4:48]
» [clears throat]
>> um to that um Badger Street. Uh the one
[4:54]
thing that's not in the packet is that
we will be having two crossing guards on
[4:59]
Maine and Badger there so people can
safely cross the street from the um
[5:07]
trunk or treat at Trinity Lutheran. Um
and then anyone that is parking over in
[5:13]
the Trinity parking lot um would be able
to safely cross over to Main Street.
[5:23]
Um,
also we are requesting that on Granite
[5:27]
Street that that intersection um with W
Washington Street is closed and then
[5:33]
that Elm Street, Division Street, and
the Mil Street intersection will remain
[5:37]
open for um traffic to
um be able to move through and around
[5:45]
if necessary.
[5:50]
Okay. So, the [clears throat] request is
uh
[5:54]
for the street closures and Leslie,
thank you for the additional
[5:57]
information, but uh we're looking for um
a motion to approve uh those street
[6:05]
closures that you can see on page 24 of
your packet
[6:09]
uh for the Halloween on Maine, which is
going to be held on October 30th. Do we
[6:14]
have a motion?
>> So, moved second. Hagen second by
[6:18]
» second
>> Dystra
[6:20]
» that we approve of the uh street
closures for the Halloween on Maine. Any
[6:25]
discussion?
>> All in favor signify by saying I.
[6:30]
» I.
>> Against say no.
[6:39]
Uh next is uh license report number
1768.
[6:44]
Uh, this is an operator's license. If
you look on page 25 of your packet,
[6:48]
you'll see that there's one individual
on there that is applying for a
[6:53]
bartender's license. We just need a
motion to approve that.
[6:59]
» Motion to approve.
>> Motion by Olsen, second by Peterson that
[7:04]
we approve license report number 1768.
Any discussion?
[7:11]
All in favor signify by saying I.
>> I.
[7:15]
» Against say no. Motion carried.
Uh [clears throat] communications
[7:20]
recommendations of the mayor. Don't
forget uh when we're done uh with this
[7:25]
meeting. We do have another meeting
tonight. It's a committee of the whole
[7:28]
meeting. Committee of the whole meetings
of course are meetings that
[7:32]
areformational
purposes only. We don't take any action
[7:36]
at those. But we will be collecting
information that has to do with um
[7:43]
uh the TIDS tonight. Uh we'll have a
presentation by our finance director uh
[7:49]
Greg uh on the TIDS and how well they're
doing.
[7:55]
Anything else? Anybody else have
anything else for the meeting?
[8:00]
Have I surpassed it yet? Can I keep
talking?
[8:04]
[laughter]
[8:07]
We need a motion to adjurnn. Uh motion
by Hagen, second by Olsson that we
[8:11]
adjourn. All in favor signify by saying
I.
[8:14]
» I.
>> Against say no. Motion carried. We're
[8:17]
adjourned at uh 6:08 p.m.
[clears throat]
[8:24]
Wow. Uh
>> okay.
[8:29]
» So let's let's go right in. Anybody need
a break? [laughter]
[8:34]
Uh,
[8:39]
you ready?
[8:42]
» Okay. All right. Let's go right into the
committee of the whole meeting. Uh, we I
[8:47]
will call the committee of the whole
meeting to order. It's Tuesday,
[8:50]
September 1st, 2026. Uh, the time is
6:09 p.m. Uh, Barb, you want to take
[8:57]
role again?
[9:01]
Mayor Smith
>> here.
[9:02]
» Colin Dystra
>> here.
[9:04]
» Paul Hagen
>> here.
[9:06]
» Eric Halverson
>> here.
[9:08]
» Demetri Martin
>> here.
[9:09]
» Paul Mayo
>> here.
[9:11]
» Cory Nagel
>> here.
[9:12]
» Eric Olsen
>> here.
[9:14]
» Dave Peterson
>> here.
[9:15]
» Scott Paskki
>> here.
[9:17]
» Henry,
nine eyes, nine present. We have a
[9:22]
quorum.
>> All right. You you have on your agenda
[9:25]
that the meat of the agenda is is number
three.
[9:30]
Um, we are going to change this up just
a little bit tonight. Uh, so for this
[9:38]
meeting, we are only going to be
discussing the the TIDS or the tiff
[9:42]
districts as as we like to call them.
Uh, we will not be uh discussing transit
[9:49]
tonight. We need a little bit more time
to present the transit uh u information
[9:57]
to you. We want to make sure that we we
have everything correct there before um
[10:03]
we do that. And that should be the
transit should be fairly simple anyways.
[10:07]
Remember that we uh got out of the
transit business and have turned it over
[10:12]
to the county. We still are going to be
responsible for some of the funding of
[10:16]
that that transit. Uh and that's what we
need to to work on a little bit more to
[10:22]
fully understand that. So really, if you
are approving the agenda, if you're
[10:27]
making a motion to approve the agenda,
it's only to discuss the uh TIFF
[10:32]
overviews for tonight. So I'm looking
for a motion to approve.
[10:36]
» Motion to approve with the changes.
>> Second.
[10:39]
» Uh motion by Olsson, second by Nagel.
Discussion. All in favor signify by
[10:45]
saying [clears throat] I.
>> I.
[10:46]
» I.
>> Against.
[10:49]
Motion carried. All right. So, we're
going to just go right down to 3B there.
[10:54]
And uh I I will tell you this that uh
and maybe Greg's going to say this
[11:00]
anyways, but uh the pre we already have
made the presentation to the board of
[11:05]
review, which is our requirement. Uh and
uh went well. We met with
[11:10]
representatives from the county, the
school district, and Fox Valley Tech as
[11:15]
well as a a citizen at large for the
city. and and uh I was and there were a
[11:20]
few of us others that were there that
night to too. So basically what you're
[11:25]
going to see tonight is the the
presentation that Greg had given at the
[11:30]
board of review meeting. So I will turn
it over to Greg.
[11:35]
» All right. Uh thank you mayor. Thank you
councel. Um, so as [clears throat] the
[11:39]
mayor had just described, this this had
been uh presented to joint review board
[11:43]
um earlier this month. Um, and there
were no questions or concerns from the
[11:48]
members of the JRB. Um, I'm just going
to walk through that basically again and
[11:52]
stop me at any point if you have
questions or concerns or would like to
[11:55]
know more about anything. Um, so kind of
starting at the high level, what is a
[12:00]
tax incremental district and why do we
have them? Uh so tax incremental
[12:05]
financing is one of the most powerful
economic development tools available in
[12:09]
the state. At the basic level, uh tiffs
help support community development. Upon
[12:14]
the creation of a tax incremental
district, uh property values within the
[12:18]
TID boundaries are frozen. Taxes on new
growth called increment are then used to
[12:24]
fund development projects within the TID
boundaries that would not otherwise
[12:28]
occur. Uh once the costs for the
development projects are repaid, the TID
[12:33]
closes and all taxing jurisdictions
benefit from that increased tax base.
[12:38]
Waka has five tax incre incremental
districts. Um those are of those there
[12:44]
are two that are blight, one is
industrial and then two are mixed use.
[12:48]
So our existing TIDs which are shown
there are TID 4 Western Avenue um which
[12:53]
is along Fulton Street, TID 8 East
Gateway um around the airport Fleet Farm
[12:59]
area, uh TID 10 Badger Street in the
downtown area, TID 11 River North and
[13:05]
TID 12 along Churchill Street. Uh
collectively since their inception,
[13:10]
these TIDs have generated over $92
million in new base value or new value
[13:16]
compared to their base. Um I'm just
going to go through these now uh one by
[13:21]
one. Um you'll see we'll start with just
a beef brief description around uh the
[13:26]
TID performance in 2025 at year end 2025
which is where the do reports the
[13:31]
permanent revenue are um are pulling
from and then um the performer will
[13:35]
follow that as well. So on this map,
you'll see um where all of those TIDs
[13:40]
are located within the city boundaries.
[13:46]
And then if you scroll down to the next
page, we'll start with TID number four,
[13:50]
which uh TID 4 is one of our uh most
successful TIDs. was established in 2000
[13:56]
and at the end of 2025 has achieved a
TID value of over 53 million and it's
[14:05]
increased 8% from last year. Uh TID is
TID 4 is a recognized donor TID uh
[14:11]
meaning that it is using its uh
performance to help support other
[14:15]
distressed TIDs that have obligations
due to water and sewer and the general
[14:21]
fund and debt service. Um, TID 4, TID 4
is currently donating to TID 8 and we
[14:27]
expect TID 4 to remain open um through
its maximum legal life of 2034 to
[14:34]
support TID 8's obligation to uh water,
sewer, and the debt service fund.
[14:41]
And uh that's going to be probably hard
for you to read. [laughter]
[14:46]
» They should have it in their packet
though, too.
[14:48]
» That's true. So this just shows the um
the cash flow in this TID. Uh the
[14:55]
primary thing to pay attention there to
is the transfers to TID 8 I would say
[15:00]
which demonstrate uh what will be
required to transfer into TID 8 uh to
[15:05]
make TID 8 whole.
And a lot of those obligations to TID 8
[15:11]
stem from initial investments in that
district uh to support major
[15:15]
infrastructure projects.
Uh and if you move to the next page,
[15:20]
we'll talk more about TID 8 itself.
Uh so TID 8 incorpor encompasses the
[15:26]
area shown here. So a large part of the
airport and then the Eastgate
[15:29]
neighborhood. Um it was uh established
in 2001 and has a yearend TID value of
[15:38]
around $ 32.5 million uh which has
increased by about $3.5 million from
[15:43]
last year. This one does carry a
substantial debt balance which we had
[15:48]
talked about before. Uh and that debt
must be repaid before it closes. Um it
[15:53]
is a designated distressed TID which
allowed us to extend its maximum life
[15:57]
through 2034.
We intend on keeping it open through its
[16:02]
maximum legal life um and closing it
with uh with donations from TID 4. uh we
[16:10]
expect that it will be able to pay off
all of its outstanding obligations at
[16:14]
closure and I did confirm that today
with the auditors as well. So you have
[16:18]
it from Barrett and the auditors.
>> Can I just touch on that just so we uh
[16:24]
uh are clear on this? So we have uh the
outstanding debt that TID aid has now is
[16:33]
uh owed really to our water utility, our
sewer utility and then to the amounts
[16:39]
that the general fund uh lent to date
throughout the beginning life of of that
[16:47]
project as as that that was getting up
and and running and stuff like that. So
[16:52]
there is no outside if you count water
and sewer as part of the city which it
[16:56]
is.
>> There is no outside debt outside of of
[17:00]
of those three items. Uh the water
we we're required by the PSC to pay the
[17:07]
water debt back. The sewer debt we're
not required to pay it back but it makes
[17:13]
sense that we pay it back since we did
borrow from that enterprise fund. And
[17:18]
the same thing is true with the general
fund too. the city council could decide
[17:22]
not to pay back uh uh the general fund,
but again, that is money that taxpayers
[17:29]
have paid towards that TID and and so
right now we're on that
[17:33]
» uh that plan that uh all of these debts
will get pretty close to being
[17:40]
completely paid off.
>> So,
[17:42]
» just to clarify a little bit what Greg
said.
[17:45]
» Thank you.
>> Go ahead, Greg.
[17:48]
» Okay. Thank you, mayor. Um, next let's
look at TID 10. Uh, this TID was also
[17:53]
created in 2001.
Um, and it has a 2025 year-end value of
[17:59]
$4.9 million. Um, we expect that the the
2026 year-end value for this TID will
[18:06]
actually be substantially increased due
to the successful completion of that 30
[18:10]
unit market rate apartment project um
done by Schuli Properties. Um so that
[18:15]
that that
value is not on its 2025 year-end
[18:19]
report. Um but expect that to hit in
2026 which will which will be
[18:23]
significant for this TID. Uh this TID is
um expected to close in 2028. So it'll
[18:29]
be the next TID in line to close.
[18:34]
And then um TID 11.
This is River North. Obviously um
[18:40]
something that we've spent a lot of time
recently working on. This was created in
[18:44]
2022. Um we are seeing um really
significant increases in the valuation
[18:49]
of this TID which is expected. Um we in
2025 saw the value of this TID uh grow
[18:58]
19% from the year prior which is
significant and we're expecting
[19:02]
continued further growth in this as uh
future projects that are currently under
[19:06]
development uh with TYOR um are
realized. Um so in 25 uh there was the
[19:13]
successful construction and occupancy of
a 45 unit affordable housing project
[19:19]
from Mosaic and then of course as you
know Tyor is out there building um 35
[19:23]
single family home homes and 124 market
rate apartment units. Um so expect to
[19:28]
see those show up in the uh valuation of
Tit 11 in the next few years.
[19:36]
If I can uh just touch on the which is
probably shows on the next page but
[19:42]
touch on how we handled the tent. Just
to remind everybody uh
[19:48]
Daikor the the developer actually paid
for all of the infrastructure which is
[19:55]
not normally what's happened in the TID
district. So they paid for 100% of of
[20:01]
the uh of of the roads, the sewer and
the water that that went in there. And
[20:06]
uh so their payment back uh in in our
tiff agreement is to pay is a higher
[20:14]
percentage. And the reason that is is
because we're basically paying back for
[20:18]
putting in the roads and the main sewer
lines and water lines too. We're not
[20:24]
They're still paying for the laterals
that go to the homes, but but the main
[20:28]
sewer and water lines are are city
responsibility and so are the roads, the
[20:32]
curbs, the sidewalk that are not
adjacent to the home. So that is
[20:37]
something that they did and so we'll be
paying them back over that uh
[20:42]
[clears throat] period of time that we
have in that agreement. Um so yeah.
[20:47]
» Yeah. Thank you, Mayor.
And then finally, we have a TID 12 uh
[20:54]
Churchill Street. Uh this was created in
20 uh 22. Um and the hope with the
[21:00]
creation of this TID was to help induce
the redevelopment of a couple of former
[21:05]
industrial sites into um what we were
hoping would be commercial um to medium
[21:11]
or high density residential. Um at this
time there have not been any projects in
[21:17]
this TID. uh but the the TID is still
quite young.
[21:25]
And then um through the rest of the
packet you'll see uh the TID annual
[21:29]
reports um which were completed by our
auditors um in compliance with the DO
[21:34]
requirements.
And um that is really all that I have to
[21:38]
present on the TIDS. Um if there are any
questions, I'd be happy to walk through
[21:42]
those. Um, one of the things that I
should mention as well is that the uh we
[21:51]
are not able to create new TIDs when the
TID value exceeds 13% of our equalized
[21:57]
valuation. Right now it's like 13.2%. So
once TID 10 closes, we'll probably be
[22:02]
able to do that in 28. And then there's
also some new TID laws around affordable
[22:06]
housing, TIDS, um, which could be a tool
for us too, but that's still sort of
[22:11]
being figured out at at the capital. Um,
so there there could be some exciting
[22:15]
opportunities to use TIDs to support
affordable housing in the future as
[22:18]
well.
>> I think uh if you
[22:23]
take a look at uh the performer that's
on page 18, I think this is important
[22:29]
for us to understand this too. Um if you
look under the the background data
[22:36]
uh which is in the green area way on the
left uh and you will see uh it starts in
[22:43]
2025.
Um and that's what Greg was alluding to
[22:48]
when he said that uh there was uh an
increase of about $3 million in there.
[22:55]
We did have uh built into that proforma
uh almost $4 million. So we are a little
[23:03]
short and uh at the beginning of this
project and hopefully we'll make that up
[23:07]
as we go. Um again uh the apartment
buildings are going up pretty fast now
[23:14]
that are on um Godfrey, is that right?
Godfrey Drive uh by the bus garage
[23:20]
there. Those are going up. I'm not sure
if they'll be completed by the end of
[23:25]
2026, but I think that's the plan. And
then so far, out of those 35 units of
[23:32]
homes that that um Tyor has said they're
going to build, I see that there's nine
[23:38]
of them out there right now. Some are
completed, some are just start, a couple
[23:42]
are just started. And so again, uh we're
looking for an increment construction
[23:49]
increment of about $5.6 $6 million
there. We'll have to keep a close eye on
[23:54]
that to make sure that uh that uh we're
meeting those goals. It's not to say
[24:00]
that some of those monies, those
construction increment might not fall
[24:05]
into later years that are that are in
there. Um as long as we are still within
[24:12]
the ability to pay out there. I think
the key to this to tell you the truth is
[24:17]
is that uh this is just when we talk
about the single family homes in 101.
[24:24]
Um this is just the first phase of that.
You know, this is just the part by
[24:29]
Royalton Street. There's a there's a
whole big area there yet that needs to
[24:35]
be developed that goes from where uh
where the current homes are all the way
[24:41]
to Godfrey Drive and stuff like that,
too. So, The sooner we can get this
[24:46]
phase one done, the more years we'll
have to be able to uh have another uh
[24:53]
development agreement with either Taikor
or whoever else wants to do the rest of
[24:57]
the project. So, we need to we need to
keep an eye on on that project and hope
[25:03]
that it continues to move forward. And
like I said, um they have some goals
[25:08]
they have to meet before we have to uh
have to uh pay them uh what our
[25:14]
agreement is and and we're working
through that right now. But uh so Eric,
[25:19]
» yeah, I I have a question about TID 12
on Churchill. How do we decide what the
[25:24]
scope of the TID is? I see what's in
purple there. I'm just the reason I'm
[25:29]
asking is because I see that that uh
building that I think agape was given
[25:34]
whatever that building was now is for
sale and I think that's going to be a
[25:38]
tough sale to make. Is there any reason
that be can't be included in it as well
[25:44]
or is it once it's established it's
done?
[25:47]
» Well, as Greg said, u and again he's
getting to be the expert on this. kids
[25:51]
in a hurry, but uh you know, we're
already at our 12%. So to trying to
[25:56]
expand TID 12 to include that um would
be almost impossible right now.
[26:03]
» Although what we could do is we could
expand our boundaries. Uh you can expand
[26:11]
your boundary for a half mile and use
funds from 10 TID 12 to help with that
[26:20]
project. The only problem with that is
is that it's not a TID project. So the
[26:25]
only one that's going to be sharing in
the cost of the city themselves, the
[26:30]
county and the school district and Fox
Valley Tech would not we could use Ted
[26:34]
dollars, but we we can't expect them
that they'll have to they'll be
[26:39]
participating in that. It would be
difficult,
[26:42]
» okay,
>> to do. Um, TID Club is a is a TID that
[26:48]
we were hoping would be our Churchill
Street quarter type thing, beginning of
[26:52]
our Churchill Street Quarter. We really
don't have anything there right now that
[26:58]
is planned. Uh, we see properties there
that that
[27:04]
could benefit from TIDS, but we don't we
don't see anything really in the near
[27:09]
future there for TID 12.
[27:15]
Go ahead.
>> Um I'm curious about TID 8 was created
[27:18]
in 2001. It was declared according to
this distressed
[27:23]
2010
and I haven't lived here since 2001. I'm
[27:29]
missing about 20 years of context here,
but it looks like the only thing that's
[27:34]
been developed there is that
subdivision. So, is there any hope for
[27:39]
this to to continue to generate value or
is this about it?
[27:45]
» Well, there there's there's more than
the apartments that are out there. I
[27:49]
mean, there's the subdivision that's out
there. There's the apartments. There's
[27:54]
» uh there was just a new business that
was built on
[27:58]
» what road is that
>> Alliance.
[28:04]
it. There's no doubt, Cory, that it is a
distress TID. And uh
[28:10]
um TIDA was started uh for two projects.
Uh one was the airport runway to expand
[28:18]
uh the
uh to to expand to to receive jets. uh
[28:25]
and mainly you know I mean the big
impetus for that was uh the foundry you
[28:30]
know at that time was using uh multiple
jets in and out of there and the run the
[28:35]
runway that we had was not large enough.
Uh we did of course get uh some grant
[28:41]
money to help us through the Bureau of
Aeronautics
[28:44]
uh and so on. Uh but the biggest project
there and Paul can attest to this too.
[28:50]
The biggest project that we did out
there was to put in the overpass that
[28:54]
went over Highway 10. That was County
Highway A. It was probably the most
[28:58]
dangerous
uh intersection in the county. And and
[29:04]
so the city took it upon themselves to
make it not the dangerous most dangerous
[29:10]
intersection. It did end up costing us a
lot of money. Uh if we have one regret
[29:17]
out in TID 8 that we maybe
maybe we put in sewer and water a little
[29:22]
bit quicker than we needed to. And so
that's why you'll see the the the
[29:28]
lending from the water and the sewer
funds to cover that. But uh yeah, I I I
[29:34]
think we all along we felt like
um it was going to be a difficult tid.
[29:40]
Um I think we were hoping that there
would be there is still land out there
[29:46]
to be developed but uh we were hoping
that it would develop a lot faster. The
[29:52]
good news is is that it actually is uh
um
[29:57]
standing on its own except for the debt
that it incurred before you know. So it
[30:03]
if you if you take the debt out of there
completely, it actually has generated
[30:08]
quite a bit of additional revenue from
where it originally started.
[30:14]
So yeah, that's a that's a tough one.
Titate is tough one to explain, but it
[30:20]
it I feel good that we did that project,
both of those projects out there.
[30:27]
» Tiff eight got a bad rap from the
beginning, but
[30:31]
It it very much helped jumpst start
those projects and and was beneficial to
[30:36]
the city.
[30:42]
» Anybody else have any questions of Greg
or comments on this?
[30:49]
» Go ahead.
>> For 12 on Churchill Street, you said
[30:52]
there was some increment. Where did that
come from?
[30:55]
Maybe I'm reading it wrong.
[31:00]
The increment did not come from new
construction. Well, I I guess indirectly
[31:05]
it could have.
>> Um,
[31:07]
» is it an increase in value?
>> It's just increase in value.
[31:10]
» Yeah. Okay,
>> that's all.
[31:12]
» Thank you.
[31:18]
The only other thing that I could tell
you is, and Greg hit on this, and I hit
[31:21]
on it once before, too,
uh, we are not able to do any other TIDs
[31:27]
until we get below that 12%. So if we
were to decide to close any of these
[31:34]
tids where they're projected earlier, it
would be because we feel like we have a
[31:40]
project that we need to be get we need
to get under that 12%.
[31:45]
We just don't have anything like that um
in the workings right now, but who knows
[31:53]
in the next couple years or so there
there might be something that happens
[31:57]
there.
We'll see. Anybody
[32:02]
else?
[32:06]
Greg, thank you. Nice job. [snorts] Of
course.
[32:09]
» Um, anything else for the good of this
committee, the whole meeting?
[32:15]
We need a motion to adjurnn.
>> Second.
[32:17]
» Aen Olsson. All in favor signify by
saying I. I. I.
[32:22]
» Against say no.
>> Motion carried. We'rejourned at 6:32
[32:27]
p.m. Have a great night, everybody.