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HomeMy WebLinkAbout2025-01-27 Business and Economic Development Committee Minutes BUSINESS & ECONOMIC DEVELOPMENT COMMITTEE SPECIAL MEETING Monday, January 27, 2025 @ 5:15 PM Penobscot Room, Lower Floor of Penquis CAP MEETING MINUTES City Councilors Present: Beck, Dean, Fish, Fournier, Hawes, Leonard, Mallar, Pelletier, Tremble. City Staff Present: Krieg, Stanicki. Chair Fournier called the meeting to order at 5:15 P.M. 1. CEDAR FALLS MOBILE HOME PARK, Follow-up discussion Development Director Anne Krieg presented to the Committee and provided an update on the financing for the purchase of the Cedar Falls Mobile Home Park. Councilor Fournier asked to clarify the purchase price — Development Director Krieg and clarified the purchase price, as well as the costs of site work and closing fees. Councilor Tremble asked about the site work — Community Development Officer Robyn Stanicki responded and clarified. Councilor Mallar asked about requirements for staff support for this project, and what the cost of staff time will be — Development Director Krieg responded and clarified that the administration of these types of projects is included in staff's daily responsibilities. Community Development Officer Stanicki provided additional clarification about the amount of time spent on this type of administrative support. Councilor Tremble asked about what is involved in application review for this project — Community Development Officer Stanicki responded and clarified. Councilor Beck asked for clarification about the empty lots in the park and proposed additions — Community Development Officer Stanicki responded and confirmed the number of additional housing units to be provided. Beck expressed support for these additions. Councilor Hawes moved acceptance of staff's recommendation to move forward with the project, seconded by Councilor Fish. Vote unless doubted, no doubt. Motion passed. 2. OTHER BUSINESS Councilor Mallar asked for additional clarification regarding the TIF program — Development Director Anne Krieg responded and clarified. Mallar expressed some concern regarding the valuation process— Krieg responded that she would provide him with the State statute. Mallar also asked about upcoming proposed changes to the City's TIF policy — Krieg responded and clarified. Meeting adjourned at 5:26 P.M. Meeting minutes respectfully submitted, Sarah Maquillan Admin. Asst. C&ED