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CC WS 2018 05 29 CHANHASSEN CITY COUNCIL WORK SESSION MAY 29, 2018 Mayor Laufenburger called the work session to order at 5:30 p.m. COUNCIL MEMBERS PRESENT: Mayor Laufenburger, Councilwoman Tjornhom, Councilman McDonald, Councilwoman Ryan, and Councilman Campion STAFF PRESENT: Todd Gerhardt, Chelsea Petersen, Kate Aanenson, Paul Oehme, and Todd Hoffman PUBLIC PRESENT: Mike and Candi McGonagill 2451 Hunter Drive KEY FINANCIAL STRATEGY: ECONOMIC DEVELOPMENT Todd Gerhardt provided background information on different incentives that have been used in the past to provide economical development in the city and reviewed a graph showing economic benchmarks and how Chanhassen ranks with key financial strategy and surrounding communities. He showed comparison between tax rates and total taxable market value. Councilman Campion asked for clarification on how the tax capacity rate relates to total taxable market value and how economic development affects redevelopment of downtown. Mayor Laufenburger discussed possible incentives to developers to bring up taxes on developed land versus vacant land. Todd Gerhardt stated he would lean towards using tax abatements or grants as incentive. Mayor Laufenburger asked if there is state legislation affecting abatements. Councilman McDonald asked how abatements differs from tax increment financing districts. Mayor Laufenburger asked if staff would use abatements in the future as an incentive and if the council wants to change incentives or continue with current practices. Councilwoman Tjornhom asked if requests can be reviewed on a case by case basis versus creating a policy of treating every business the same. Todd Gerhardt expressed favoring an overall policy in treating all businesses the same. Councilwoman Ryan asked for clarification on how tax incentives would be used after a policy is made. Mayor Laufenburger deciding how long and what type of incentives should be used. He stressed that it makes sense to decide on a consistent policy moving forward. Councilwoman Ryan stated she would like to see more clearly how the policy would look and would favor that projects be looked at on a case by case basis. After questions and concerns it was decided that more information was needed before a decision is made. Mayor Laufenburger asked staff to look at policies being used by other communities. City Council Work Session May 29, 2018 GALPIN BOULEVARD STUDY UPDATE. Jon Horn with Kimley-Horn and Associates and Darin Mielke with Carver County were present to review highlights of the Galpin Boulevard reconstruction planning, background information, study area, and results of traffic study with proposed construction beginning in 2022. Jon Horn reviewed comments received at the open house held on March 22, 2018 and how those issues will be addressed regarding the use of roundabouts, bicycle and pedestrian improvements, storm drainage improvements, improvements needed north of Lake Lucy Road, and the schedule moving forward. Mayor Laufenburger asked that council members receive a copy of the proposed cost estimates being presented to the Carver County Board. Councilmembers asked Mayor Laufenburger asked how the $10.3 million dollar estimate compares to previous cost estimates and clarification of the C Mayor Laufenburger adjourned the work session at 7:05 p.m. Submitted by Todd Gerhardt City Manager Prepared by Nann Opheim 2