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HomeMy WebLinkAbout9/19/2022 - Work Session*** Proof of Publication *** State of Iowa Black Hawk County Waterloo, City of - Legals 715 MULBERRY ST. WATERLOO IA 50703 ORDER NUMBER 217472 The undersigned, being duly sworn, on oath, do depose and say that I am an authorized employee of the Waterloo Cedar Falls Courier, that The Waterloo Cedar Falls Courier is a weekly newspaper regularly published and printed in the English language in the City of Waterloo, Black Hawk County, Iowa, and has a general circulation in the said city and county; and that I personally know that the notice, a true copy of which is hereto affixed, was published in the Waterloo Cedar Falls Courier on the following days, to -wit: Section: Legals Category: 950 Legal Notice PUBLISHED ON: 10/04/2022 TOTAL AD COST: FILED ON: 83.14 10/4/2022 That the issues of said paper containing said notice were duly circulated in the regular manner. A /101a L ?WW1()Notary Public in and Said County z MICHELLE GRAHAM Commission Number 837641 My Commission Expires 3' February 23, 2025 *** Proof of Publication *** COUNCIL WORK SESSION September 19, 2022 4:15 p.m. Harold E. Getty Council Chambers Members present: Boesen. Nichols, Amos, Chiles, Grieder, Wilder. Absent: Mr, Feuss, 100779 - Gtieder/Chiles that the Agenda, as proposed. be approved. Voice -vote Ayes: Six. Motion carried. Objective: Discussion of establishing a Sett -Supported Municipal Improvement District in Downtown Waterloo. Jessica Rucker, Executive Director of Main Street Waterloo, provided an overview of the downtown area seeking to establish a Self -Supported Municipal Improvement District (SSMID). She ex- plained the SSMID would be used to promote continued economic develop- ment/redevelopment and business growth and retention within the adopted District. A SSMID Oversight Committee will be responsible for setting project priorities and making recommendations for expen- ditures of the SSMID funds made up of property owners, business owners, and community members. The city would be asked to provide a one to one match of the revenue collected with the SSMID. The three strategies the funds would be utilized to execute include the following: Providing resources for coordinated Downtown Waterloo Marketing; improve the long-term physical appearance of Downtown Waterloo; and provide resour- ces for sustainable economic develop- ment in Downtown Waterloo. Mr. Amos commented when he first got on council SSMID was talked about but was under the impression it died from lack of interest from business owners. He questioned what other cities are doing with SSMID and the funds they receive from the city. Jessica Rucker explained that other cities both in and out of Iowa have this program, but we would be the first to include a city to match with the SSMID dollars, which will move projects forward at a faster pace. They did a feasibility study in 2020 and an overwhelming response from business owners in support of implementing SSMID. The property owners are recognizing the benefit of what SSMID dollars can do in making an impact in our downtown. Mr. Boesen commented that when he met with Jessica Rucker it was stated That the city match would come from TIF. Jessica Rucker explained thatshe does not know where the funds would come from, but would like to meet with the city to discuss the matter. Mr. Boesen questioned if 25% would be attained if JSA signed onto the petition. Jessica Rucker shared that they would have 25% if JSA signs on, as they own most of the parcels. Several property owners are waiting on signing off to see what the city thinks of the SSMID, as they want to see the city match the SSMID funds. Mr. Beeson asked if the professional services agreement of $60,000.00 would be on top of the $170,000.00. Jessica Rucker shared that professional services agreement is separate from this. These specific dollars would not go to the Main Street operational costs but specifi- cally to the beautification and economic development projects. Mayor Hart commented that when Main Street lost the SSMID the city increased funding to Main Street to fill the gap. Mr. Chiles shared that his only concern is that he would like to see council have a voting position on the committee since the city Is providing an Investment in the SSMID. Mr. Grieder questioned if the asking will change based on the assessed value of the properties. Jessica Rucker confirmed that it would change with the county's annual assess- ment. Mr. Boesen questioned what happens if a property owner does not want to participate in SSMID. Jessica Rucker explained that the proper- ty owner would have to pay regardless of whether they support SSMID. Mayor Hart questioned who would negotiate economic development deals within SSMID. Jessica Rucker stated that It would be through a partnership with the city. The city does a great job with overall economic development, Main Street will be focusing on the smaller ones that are specifically in downtown. Mayor Hart questioned if there would no longer be an expectation that the city work on behalf of some of the deals since $177,000 is going towards the SSMIO. Jessica Rucker explained that if a particular economic development could *** Proof of Publication *** LA:0,pal AM!u,mum ,tiro,,,,,° SSMID funding would be used. Mayor Hart questioned if more council could be added as part of the voting body since the city is putting up half the money because it would no longer be self- supporting, it would be self and municipal Supporting. Jessica Rucker commented that she could take that to the board of directors but it is something that could be on the table. Mr. Nichols questioned why they are shooting for 76 percent in agreement. Jessica Rucker explained that it would then only require a majority of council to vote in favor of the SSMID. Otherwise, it would have to be a super majority vote. 100780 - Gdeder/Chiles that the meeting be adjoumed at 4:41 p.m. Voice -vote Ayes: Six. Motion carried. Kelley Felchle City Clerk