IDC Minutes 02-25-1975
.
I
I
J,
i
i
\
\
I
I
\
\
\'
.~
i
\
,
~dustrial DeVe!bpment.comm~sion Meeting
February 25, 1 75 4 P.M.
Business and
Member present: John poirier, Lloyd Lund, Lowell schrupp
and Wilbur Eck.
Others present: Thore Meyer, ary Wieber.
The following was decided:
1. All warehouse areas would e considered on equal basis
as sales areas for formula to determine HSSessment.
Only exception was Fuller on Lumber.
~ 2. Parking lots in use prior to December 1, 1974 would
be given credit and smith Pringle-Foster Ins. group
would be given credit pro ided area is hard surfaced
by July 1, 1975. Any oth r parking areas developed
after December 1, 1974 wo ld not be given credit until
next 3 year assessment re iew.
p
3. Anybody who has had lot pi ior to December 1, 1974
will be considered "gran fathered" in and specific
requirements will not ha e to be met.
Thore Meyer will work up ass
to council and then hearing
figures and present
held.
IV.
=.
-
-
-
-
--.
-
-
-
iiiiiii
-
ii
II
i
:1
ii
-
!
ii
e
e
Project Financing
It is proposed that the entire pr
be financed through a City
feet of sales area.
apartment.
bond issue with all costs being a sessed to the six block downtown
community on the following basis:
A. All alley costs to be fully a sessed to the abutting properties.
assessed to the entire six
B. The parking lot costs to be
block downtown community as
the following criteria:
1. One parking stall shall b required for each 300 square
formula established upon
2. One parking stall shall b required for each full time
employee.
3. One-half parking stall sh 11 be required for each part-time
employee.
4. Second floor area to be a
same basis as first floor -
apartments to have one st
~ 5. Credit shall be given for each parking stall provided on
their own private propert .
6. A distance factor shall b applied as follows: For all
businesses within the sam block as the proposed or existing
public improvement, the f ctor shall be 1.0. For all businesse~
in the adjacent block (no diagonal) to the proposed improve-
ments, the factor shall b 0.50. For all other businesses in
the six block downtown ar a, the factor shall be 0.25.
By extending all of these items, he fraction of the total for each
parcel shall be multiplied by the total project cost and assessed
accordingly~ The parking lot ass ssrnent shall be based on a fifteen