HomeMy WebLinkAbout20190916 - CC Workshop Minutes Hastings,Minnesota
City Council Workshop
September 16, 2019
The City Council of the City of Hastings, Minnesota met in a workshop on Monday,
September 16, 2019 at 5:30 p.m. in the Volunteer Room at the Hastings City Hall, 101 East 4t"
Street, Hastings, Minnesota.
Members Present: Mayor Fasbender, Councilmembers Balsanek, Braucks, Leifeld, Lund,
Folch, Vaughan
Staff Present: Interim City Administrator Julie Flaten
Community Development Director John Hinzman
Economic Development Director Rusty Fifield
Finance Manager Melanie Lammers
Senior Accountant Ashley Parker
Mayor Fasbender called the workshop to order at 5:36 p.m.
Economic Development Coordinator, Rusty Fifield, gave a presentation on the historical uses of
Tax Increment Financing (TIF)by the City of Hastings. He also explained the definition of TIF,
various district types including requirements and complexities. The use of TIF as an economic
development tool and what considerations and policy decisions should be considered were also
discussed.
City Council discussion on clarification on Hudson property TIF district,timelines for TIF
districts, what is in City's control, how funds flow throughout process,the City advertising TIF
as an option for development, number of TIF districts City may want to have at one time,
overuse of TIF, deed restrictions, and that each TIF request should be evaluated independently.
ADJOURNMENT
Motion to adjourn by Councilmember Leifeld, seconded by Councilmember Vaughan at
6:48 p.m.
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Mary D. sbender, Mayor Flaten, City Clerk