HomeMy WebLinkAboutDCM032317 CITY OF CENTRAL POINT
Development Commission Minutes
March 23, 2017
REGULAR MEETING CALLED TO ORDER
City Manager Chris Clayton called the meeting to order at 6:30 p.m.
Mr. Clayton explained that the Commission Chair and vice chair were excused
and asked for nominations for a temporary Chairperson.
Taneea Browning moved to appoint Mike Quilty as temporary chair. Rob
Hernandez seconded. Roll call: Bruce Dingier. yes; Taneea Browning, yes; Allen
Broderick, yes; Rob Hernandez, yes; and Mike Quilty, yes. Motion approved.
II. MEMBERS IN ATTENDANCE:
Chair: Mayor Hank Williams - excused
Commission Members: Bruce Dingier, Rob Hernandez, Allen Broderick,
Taneea Browning and Mike Quilty were present. Brandon Thueson was
excused.
City Manager Chris Clayton; Community Development Director Tom
Humphrey; Planning Manager Don Burt; Finance Director Steven Weber;
Information Technology Director Jason Richmond; and City Recorder
Deanna Casey were also present.
III. APPROVAL OF FEBRUARY 23, 2017 MINUTES
Bruce Dingler moved to approve the February 23, 2017 minutes as
presented. Taneea Browning seconded. Roll call: Bruce Dingier, yes; Taneea
Browning, yes; Allen Broderick, yes; Rob Hernandez; yes; and Mike Quilty, yes.
Motion approved.
IV. DISCUSSION
A. East Pine Streetscape Engineering Costs Update
Planning Manager Don Burt explained that the 90% cost estimate are complete
and that 90% plans should be available late next week.. When complete the city
can send out for the bid process, subject to authorization by the Commission.
Financing for this project will be through the Development Commission, and the
City of Central Point. The next item will help secure the funding for both the City
and the Commission. There will be some funds used from the Public Works
Water Fund because the city will be upgrading water lines within the construction
area.
V. BUSINESS
City of-Central Point
Development Commission Minutes
March 23,2017
Page 2
A. Consideration of Resolution No. 2017-05 Approving an
Intergovernmental Agreement between the City of Central Point and .
the Central Point Development Commission
Mr. Burt explained that the proposed Intergovernmental Agreement obligates the
Development Commission to repay $3,634,000 over a thirteen year period for its
participation in the East Pine Streetscape Project. He explained the annual debt
service payments will be finalized when the interest rate is set at closing.
The payments will be the sole responsibility of the Development Commission's
tax increment revenues. The payments have been structured to the anticipated
tax increment revenues. The projections are based on a very conservative
projection using the tax increment revenue (TIR) history and using an annual
average valuation growth of 1.6%.
It is expected that if we receive more than the 1.6% TIR then the Commission will
be able to work on other projects while making the payments on the IGA. There
are still several properties that could see improvements during the next few years
and provide more funds to help repay this loan.
There was discussion regarding the project and the phases. We will phase the
project so there is as little disruption to the downtown businesses as possible.
There are bills in the legislation regarding Urban Renewal Districts. These could
cause disruption for Urban Renewal Districts throughout the state if implemented.
The League of Oregon Cities will be having an online meeting tomorrow to ,
discuss these bills with local government officials. Mr. Clayton stated that he will
keep the Commission and Council updated on how the bills progress through
committees.
Bruce Dingier moved to approve Resolution No. 2017-05 Approving an
Intergovernmental Agreement between the City of Central Point and the
Central Point Development Commission. Taneea Browning seconded. Roll
call: Bruce Dingier, yes; Taneea Browning, yes; Allen Broderick, yes; Rob
Hernandez, yes; and Mike Quilty, yes. Motion approved.
VI. ADJOURNMENT
Bruce Dingier moved to adjourn, Taneea Browning seconded, all said "aye" and
the meeting was adjourned at 6:53 pm.
Dated: C ., • f
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Chair Mayor Hank Williams
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City Recorder Dea na Casey7/MMC