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HomeMy WebLinkAbout2005-01-04 - Agendas - Final Aldermen Ward 1 Position I - Robert Reynolds Mayor Dan Coody Ward I Position 2 - Brenda Thiel Ward 2 Position I - Kyle B. Cook City Attorney Kit Williams 7aye - Ward 2 Position 2 • Don Marr Ci[ Clerk Sondra Smith Ward 3 Position 1 - Robert K. Rhoads Y Ward 3 Position 2 — Bobby FerrelI ARKANSAS Ward 4 Position 1 - Shirley Lucas Ward 4 Position 2 - Lioneld Jordan Final Agenda City of Fayetteville Arkansas City Council Meeting January 4, 2005 A meeting of the Fayetteville City Council will be held on January 4, 2005 at 6:00 p.m. in Room 219 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. Call to Order Oaths of Office - 2005 Elected Officials Roll Call Pledge of Allegiance A. CONSENT: 1. Approval of the Minutes: Approval of the November_ ,30,' 2004, December 7, 2004, December, 21 2004 and December 28, 2004 City Council meeting minutes. . ___ r- APPROVED. 2. Cliffside Park Land Dedication Requirement: A resolution accepting the Parks and Recreation Advisory Board' s recommendation to accept $61 ,605 .00 cash in lieu of the required Park Land Dedication for Cliffside Planned Zoning District (PZD) Development. PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 01-05. 3. Baird, Kurtz & Dobson (BKD), LLP Contract Renewal: A resolution approving the annual contract renewal with Baird, Kurtz & Dobson (BKD), LLP, in the amount $57,000.00 to provide independent audit services to the City of Fayetteville. 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayetteville.org 0 0 PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 02-05, 4. Freelance Consulting Services Contract: A resolution approving proposal 04-21 from Freelance Consulting Services in the amount of $56,000.00 to conduct a Wildland Interface Fire Assessment. PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 03-05, 5. Multi-Craft Bid #04-88 Award: A resolution awarding Bid #04-88 to Air Works Division of Multi-Craft Contractors, Inc. in the amount of $49,442.00 for the purchase and installation of a 25-ton rooftop heating and air conditioning unit and removal of the existing unit at the Fayetteville Police Department. PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 04-05, B. UNFINISHED BUSINESS C. NEW BUSINESS: 1. ANX 04-1334 (Harper/Teater): An ordinance annexing that property described in Annexation Petition ANX 04- 1334 annexing to the City of Fayetteville, Arkansas, property located north of Zion Road, east of George Anderson Road containing approximately 60.37 acres. PASSED AND SHALL BE RECORDED AS ORDINANCE NO. 4664, 2. RZN 04-1335 (Harper/Teater): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1335 for property located north of Zion Road, east of George Anderson Road containing approximately 60.37 acres from R-A, Residential Agricultural to RSF-4, Residential Single Family, Four Units per Acre. PASSED AND SHALL BE RECORDED AS ORDINANCE NO, 4665, 3. RZN 04-1329 (Hogeye, Inc.): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1329 for property located on the north side of 6th Street across from the Ozark Mountain Smokehouse containing approximately 3 .35 acres from R-A, Residential Agricultural to R-O, Residential Office. PASSED AND SHALL BE RECORDED AS ORDINANCE NO. 4666, 4. RZN 04-1330 (Dunnerstock): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1330 for property located on the west side of Rupple Road containing approximately 19.84 acres from RSF- 1 , Residential Single Family, One Unit per Acre to RSF-4, Residential Single Family, Four Units per Acre. THIS ITEM WAS LEFT ON THE SECOND READING OF THE ORDINANCE. 113 West Mountain 72701 (479) 521-7700 (479) 575-8257 (Fax) accessfayettev i I le.org 5. RZN 04-1331 (Bale): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1331 for property located at 3513, 3515 , and 3517 West 6th Street containing approximately 0.80 acres from R-A, Residential Agricultural and C-2, Thoroughfare Commercial to C- 1 , Neighborhood Commercial. PASSED AND SHALL BE RECORDED AS ORDINANCE NO, 4667, 6. RZN 04-1332 (Hays): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1332 for property located at 1760 Starr Drive containing approximately 5 .99 acres from RSF- 1 , Residential Single Family, One Unit per Acre to RSF-4, Residential Single Family, Four Units per Acre. PASSED AND SHALL BE RECORDED AS ORDINANCE NO. 4668, 7. R-PZD 04-1307 (Aspen Ridge): An ordinance establishing a Residential Planned Zoning District titled R-PZD 04- 1307, Aspen Ridge located south of 6'h Street, west of Hill Avenue, northeast of 11th Street along Town Branch Creek containing approximately 27.969 acres, more or less; amending the Official Zoning Map of the City of Fayetteville; and Development Plan as approved by the Planning Commission. THIS ITEM WAS LEFT ON THE SECOND READING OF THE ORDINANCE. 8. VAC 04-1324 (Elder/Salem Townhouses): An ordinance approving VAC 04- 1324 submitted by Engineering Services, Inc. for property located on the north side of Wedington Drive west of Salem Road as described on the attached map and legal description. PASSED AND SHALL BE RECORDED AS ORDINANCE NO. 4669. 9. U.S. Department of Justice Grant: A resolution authorizing the Fayetteville Police Department to accept a Grant from the U. S. Department of Justice in the amount of $ 164,900.00 to define and initiate anti-methamphetamine strategies and assist the Washington County Drug Cour[; approving an increase in police staffing by one ( 1 ) officer; and approving a budget adjustment recognizing the grant revenues. PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 05-05, 10. Waive Requirements of §34.27 for The Project for Victims of Family Violence, Inc.: An ordinance to waive the requirement of §34.27 of the Fayetteville Code, authorize the sale of 1 . 5 acres for an appraised value of $30,000.00 to the non-profit corporation, The Project for Victims of Family Violence, Inc. and to declare an emergency. PASSED AND SHALL BE RECORDED AS ORDINANCE NO, 4670, 11. The Project for Victims of Family Violence, Inc. Lease of 1.5 Acres: A resolution to approve a forty year lease of 1 .5 acres of city property to The Project for Victims of Family Violence, Inc. 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayetteville.org i PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 06-05, 12. The Project for Victims of Family Violence, Inc. Lease of .69 Acres: A resolution to approve a lease of about .69 acres of city property to The Project for Victims of Family Violence, Inc. for a sewer area and a 70-foot wide access casement. PASSED AND SHALL BE RECORDED AS RESOLUTION NO, 07-05. D. PUBLIC HEARINGS: 1. Raze and Removal (408 E. Center Street): A resolution ordering the razing and removal of the dilapidated and unsafe structures owned by Jewell Carr located at 408 East Center Street in the City of Fayetteville, Arkansas. PASSED AND SHALL BE RECORDED AS RESOLUTION NO. 08-05, 2. Downtown Master Plan Redevelopment District Number Two Creation : A Public Hearing to allow all members of the public and representatives of taxing entities to present their views on forming the Downtown Master Plan Redevelopment District. PUBLIC HEARING FOR PUBLIC COMMENT. a) Downtown Master Plan Redevelopment District Number Two Adoption: An ordinance forming the Downtown Master Plan Redevelopment District Number Two pursuant to Amendment 78 of the Arkansas Constitution and authorizing the preparation of a project plan. THIS ITEM WAS LEFT ON THE FIRST READING OF THE ORDINANCE. 3. Downtown Master Plan Redevelopment District Number Two Project Plan: A Public Hearing to allow all members of the public and representatives of taxing entities to present their views on the Proposed Project Plan for the Downtown Master Plan Redevelopment District Number Two. PUBLIC HEARING FOR PUBLIC COMMENT. a) Downtown Master Plan Redevelopment District Number Two Project Plan Adoption: An ordinance adopting the Project Plan for the Downtown Master Plan Redevelopment District Number Two, and finding the plan is economically feasible. THIS ITEM WAS TABLED TO THE JANUARY 189 2005 CITY COUNCIL MEETING. 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayettevi Ile.org INFORMATIONAL: Council Tour: None 2005 Community Development Block Grant: Copies of the 2005 Action Plan and the 2005-2009 Consolidated Plan are available for review in the City Clerk's office. 113 West Mountain 72701 (479) 521-7700 (479) 575-8257 (Fax) accessfayetteville.org City Council Meeting January, 4, 5V4eAi Subject: r Motion To: Motion By: Seconded: Marr Rhoads CzI Ferrell Lucas Jordan Reynolds Thiel r/ Cook Mayor Coody Subject: Motion To: Motion By: r 4 /"' ✓—" Seconded: Marr a/ r adsrellas dan Reynolds ✓ Thiel O Cook Mayor Coody ®� � D5 City Council Meeting January 4995 • Subject: q ` 3 f �� Motion To: J2 Motion By: WAIN" PaotW7i 'k L Seconded: ��� n Marr l/ AVJ p�+t� Rhoads I Ferrell ✓ ✓ 6 � Lucas ✓ ✓ �/ Jordan � ✓ � Reynolds ✓ j/ 0 Thiel Cook r/ l!� Mayor Coody Subject: Motion To: �d fico Motion By: 0 _ Seconded: C d� Marr t/ L2 ' Rhoads rj V/ Ferrell ✓ ✓ t/ Lucas Jordan [J , © Reynolds ✓ i/ () Thiel r/ Cook Mayor Coody City Council Meeting January 4, 115 • Subject: 2 z Al ot� - Motion To: o�r`� ✓�P f� Motion By: � � Seconded: �� Marr Rhoads Cv Ferrell ✓ ' Vn Lucas Jordan D Reynolds / ✓ �/ / Thiel ( � Cook !� Mayor Coody Subject: n Z Al G CJ 1.33 v h Y�Y/LU Motion To: Motion By: Seconded: Marr f r r Rhoads Ferrell � Lucas ✓ Jordan Q I Reynolds '` U Thiel Cook Mayor Coody City Council Meeting January 4, 45 • Subject: W Z � 04 —/3-3 / Motion To: �h S� _ OV Motion By: Seconded: // . Marr ✓ ✓ CEJ - J Rhoads ,� ✓ Ferrell ✓ Lucas ✓ r/ A/� /�V/� • ,� Jordan Reynolds r/ y iel ✓ �/ Cook r „ Mayor Coody Al 4&L �- Subject: Motion To: Motion By: Sig DZ2.e Seconded: jn Marr i/ Rhoads vo� Ferrell r/ ✓ ✓ r Lucas ,/ i/ ✓ Jordan Reynolds ✓ ,/ Thiel ✓ / ✓ r_ Cook of Mayor Coody City Council Meeting January 4, • Subject: - PE D — D C/ , /50 7 (A4I "f Motion To: p1 9 3 Motion By: li Seconded: J 1 Marc 6JIj � Rhoads A I Ferrell ✓ Lucas ✓ A/ Jordan ✓ AJ �p Reynolds 7 i I ' Thiel /J d74/ c�r"^ " Cook / ! Mayor Coody o7[t;1L� Subject: Motion To: Vol 3 /LGC Motion By: Seconded: Q Marr Rhoads �J Ferrell i Lucas Jordan ✓ / Reynolds ✓ ✓ ,/ i Thiel c ✓ ,/ A Cook Mayor Coody City Council Meeting January 4,05 • Subject: i Motion To: a/ n Motion By: Seconded: CMarr , q - Rhoads Nom`' Ferrell Lucas P&4,44 Jordan ./ / Reynolds Leoo� Thiel &/ ✓� Cook Mayor Coody Subject: a � 29 p Motion To: p�.l�t �, d Motion By: Seconded: LA to to Marr ✓ Rhoads .O�-AADI Ferrell Q� ✓ Lucas Jordan ✓ i� !� Reynolds Thiel ✓ / t/ Cook Mayor Coody City Council Meeting January 49 65 • Subject: oi '7 pia `e4f Motion To: L Motion By: Seconded: Marr 61 ( 0 Rhoads , IJ Ferrell Lucas Jordan Reynolds Thiel Cook Mayor Coody Subject: fLo - e, d i Motion To: Motion By: Seconded: Marr t/ G ' I Rhoads ✓ q Ferrell ci ln , • , f` 44¢ � Lucas Jordan v Reynolds ✓ (J J � Thiel Cook Q /Vh✓ Mayor Coody City Council Meeting January 4, 05 • Subject: ' Motion To: CX Ov Motion By: �. Seconded: Marr C' Rhoads Ferrell Lucas Jordan Reynolds ✓ Thiel 3 , 0 Cook O �7 JD Mayor Coody Subject: Motion To: Motion By: Seconded: Marr Rhoads Ferrell Lucas Jordan Reynolds Thiel Cook Mayor Coody City Council Meeting January 4, 20 Subject: I a ze c Motion To: Motion By: 6 fir Seconded: Marr cot Ma1 . Rhoads Ferrell Al Lucas Jordan Reynolds / Thiel r/ Cook iO Mayor Coody Subject: Motion To: Motion By: Seconded: Marr Rhoads Ferrell Lucas Jordan Reynolds Thiel Cook Mayor Coody City Council Meeting January 4, 165 PA /( , t(2A Subject: k Q cu Motion To: f Motion By: Seconded: Marr �1 Rhoads o� Ferrell Lucas Jordan Reynolds Thiel Cook Mayor Coody Subject: T �o Motion To: �—�c Motion By: Seconded: Marr Rhoads Ferrell all Lucas 0` Jordan Reynolds Thiel Cook If Mayor Coody City Council Meeting January 4, I 1 {Jr , g I � & �Q• Subject: v� ' V fhwV r a OU fe Motion To: �� � Motion By: Seconded: Marr N Rhoads Ferrell Lucas Jordan Reynolds Thiel Cook Mayor Coody Subject: �OWkf I QMH 1 cU.&oau Motion To: f 1 � Motion By: I Seconded: awe Marr . Dr Rhoads u Ferrell Lucas Jordan ✓ kt g� Reynolds ✓ Thiel Cook Mayor Coody Ptic Hearing Speaker Registration Date of Public Hearing A 15� — Ctz C z� .o �r� ec Speaker's Name (Please Print Clearly) Phone No. Address 2 3 4 — � `� ►� 5 �- 7 Y1 n 8 rka vt) Sti, Il ( baI,\ 9 rf 0 N 10 13 14 15 16 17 18 19 20 21 22 23 24 25 Aldermen Ward I Position 1 - Robert Reynolds Mayor Dan Coody - Ward I Position 2 - Brenda Thiel Ci Attorney Kit Williams Ward 2 Position I - Kyle B. Cook City Y Ward 2 Position 2 - Don Marr Ward 3 Position I - Robert K. Rhoads City Clerk Sondra Smith Ward 3 Position 2 — Bobby Ferrell ayveAIR KA N 5 A 5. Ward 4 Position I - Shirley Lucas Ward 4 Position 2 - Lioneld Jordan Final Agenda City of Fayetteville Arkansas City Council Meeting January 4, 2005 A meeting of the Fayetteville City Council will be held on January 4, 2005 at 6:00 p.m. in Room 219 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. Call to Order Oaths of Office - 2005 Elected Officials Roll Call Pledge of Allegiance A. CONSENT: 1 . Approval of the Minutes: Approval of the November 30, 2004, December 7, 2004, December 21 , 2004 and December 28, 2004 City Council meeting minutes. 2. Cliffside Park Land Dedication Requirement: A resolution accepting the Parks and Recreation Advisory Board's recommendation to accept $61 ,605.00 cash in lieu of the required Park Land Dedication for Cliffside Planned Zoning District (PZD) Development. 3. Baird, Kurtz & Dobson (BKD), LLP Contract Renewal: A resolution approving the annual contract renewal with Baird, Kurtz & Dobson (BKD), LLP, in the amount $57,000.00 to provide independent audit services to the City of Fayetteville. 4. Freelance Consulting Services Contract: A resolution approving proposal 04-21 from Freelance Consulting Services in the amount of $56,000.00 to conduct a Wildland Interface Fire Assessment. 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayetteville.org 5. Multi-Craft Bid #04-88 Award: A resolution awarding Bid #04-88 to Air Works Division of Multi-Craft Contractors, Inc. in the amount of $49,442.00 for the purchase and installation of a 25-ton rooftop heating and air conditioning unit and removal of the existing unit at the Fayetteville Police Department. B. UNFINISHED BUSINESS C. NEW BUSINESS: 1. ANX 04-1334 (Harper/Teater): An ordinance annexing that property described in Annexation Petition ANX 04- 1334 annexing to the City of Fayetteville, Arkansas, property located north of Zion Road, east of George Anderson Road containing approximately 60.37 acres. 2. RZN 04-1335 (Harper/Teater): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1335 for property located north of Zion Road, east of George Anderson Road containing approximately 60.37 acres from R-A, Residential Agricultural to RSF-4, Residential Single Family, Four Units per Acre. 3. RZN 04-1329 (Hogeye, Inc.): An ordinance rezoning that property described in Rezoning Petition RZN 04-1329 for property located on the north side of 6'h Street across from the Ozark Mountain Smokehouse containing approximately 3.35 acres from R-A, Residential Agricultural to R-O, Residential Office. 4. RZN 04-1330 (Dunnerstock): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1330 for property located on the west side of Rupple Road containing approximately 19.84 acres from RSF-1 , Residential Single Family, One Unit per Acre to RSF-4, Residential Single Family, Four Units per Acre. 5. RZN 04-1331 (Bale): An ordinance rezoning that property described in Rezoning Petition RZN 04- 1331 for property located at 3513, 3515, and 3517 West 6'h Street containing approximately 0.80 acres from R-A, Residential Agricultural and C-2, Thoroughfare Commercial to C- 1 , Neighborhood Commercial. 6. RZN 04-1332 (Hays): An ordinance rezoning that property described in Rezoning Petition RZN 04-1332 for property located at 1760 Starr Drive containing approximately 5.99 acres from RSF-1 , Residential Single Family, One Unit per Acre to RSF-4, Residential Single Family, Four Units per Acre. 7. R-PZD04-1307 (Aspen Ridge): An ordinance establishing a Residential Planned Zoning District titled R-PZD 04-1307, Aspen Ridge located south of 6'h Street, west of r Hill Avenue, northeast of 11 'h Street along Town Branch Creek containing approximately 27.969 acres, more or less; amending the Official Zoning Map of the City of Fayetteville; and Development Plan as approved by the Planning Commission. 1 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayetteville.org 8. VAC 04-1324 (Elder/Salem Townhouses): An ordinance approving VAC 04- 1324 submitted by Engineering Services, Inc. for property located on the north side of Wedington Drive west of Salem Road as described on the attached map and legal description. 9. U.S. Department of Justice Grant: A resolution authorizing the Fayetteville Police Department to accept a Grant from the U. S. Department of Justice in the amount of $ 164,900.00 to define and initiate anti-methamphetamine strategies and assist the Washington County Drug Court; approving an increase in police staffing by one (1 ) officer; and approving a budget adjustment recognizing the grant revenues. 10. Waive Requirements of §34.27 for The Project for Victims of Family Violence, Inc.: An ordinance to waive the requirement of §34.27 of the Fayetteville Code, authorize the sale of 1 .5 acres for an appraised value of $30,000.00 to the non-profit corporation, The Project for Victims of Family Violence, Inc. and to declare an emergency. 11 . The Project for Victims of Family Violence, Inc. Lease of 1.5 Acres: A resolution to approve a forty year lease of 1 .5 acres of city property to The Project for Victims of Family Violence, Inc. 12. The Project for Victims of Family Violence, Inc. Lease of .69 Acres: A resolution to approve a lease of about .69 acres of city property to The Project for Victims of Family Violence, Inc. for a sewer area and a 70-foot wide access easement. D. PUBLIC HEARINGS: 1. Raze and Removal (408 E. Center Street): A resolution ordering the razing and removal of the dilapidated and unsafe structures owned by Jewell Carr located at 408 East Center Street in the City of Fayetteville, Arkansas. 2. Downtown Master Plan Redevelopment District Number Two Creation: A Public Hearing to allow all members of the public and representatives of taxing entities to present their views on forming the Downtown Master Plan Redevelopment District . a) Downtown Master Plan Redevelopment District Number Two Adoption: An ordinance forming the Downtown Master Plan Redevelopment District Number Two pursuant to Amendment 78 of the Arkansas Constitution and authorizing the preparation of a project plan. 3. Downtown Master Plan Redevelopment District Number Two Project Plan: A Public Hearing to allow all members of the public and representatives of taxing entities to present their views on the Proposed Project Plan for the Downtown Master Plan Redevelopment District Number Two. a) Downtown Master Plan Redevelopment District Number Two Project Plan Adoption : An ordinance adopting the Project Plan for the Downtown Master Plan Redevelopment District Number Two, and finding the plan is economically feasible. 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayettevi lle.org E. INFORMATIONAL: Council Tour: None 2005 Community Development Block Grant: Copies of the 2005 Action Plan and the 2005-2009 Consolidated Plan are available for review in the City Clerk's office. 113 West Mountain 72701 (479) 521 -7700 (479) 575-8257 (Fax) accessfayetteville.org Special City Council Meeting November30. 2004 Page I of 17 Aldermen Ward 1 Position 1 - Robert Reynolds Ward I Position 2 - Brenda Thiel Mayor Dan Coody ��, Ward 2 Position 1 - Kyle B. Cook Cit Auornc Kit Williams Ward 2 Position 2 - Don Marr City y Ward 3 Position I - Robert K. Rhoads Cil Clerk Sondra Smith a`. Ward 3 Position 2 - Conrad Odom City 777��r"' Ward 4 Position I - Shirley Lucas ARKANSAS Ward 4 Position 2 - Lioneld Jordan Special City Council Meeting Minutes November 30, 2004 A Special Meeting of the Fayetteville City Council was held on November 30, 2004 at 6:30 p.m. in Room 219 of the City Administration Building located at 113 West Mountain Street, Fayetteville, Arkansas. Mayor Coody called the meeting to order. PRESENT: Alderman Reynolds, Cook, Marr, Rhoads, Odom, Lucas, Jordan, Mayor Coody, City Attorney Kit Williams, City Clerk Sondra Smith, Staff, Press, and Audience. ABSENT: Alderman Thiel Pledge of Allegiance Mayor: I want to add something to the agenda tonight so we'll need to suspend the rules and add this ordinance to the agenda for tonight' s meeting. I entertain a motion to suspend the rules. Alderman Lucas moved to add the Highway 71 East Square Redevelopment District Project Plan Adoption Ordinance to the Agenda. Alderman Reynolds seconded the motion. Mayor: And we have a motion and second to suspend the rules and add the ordinance for the TIF to the agenda. Shall the motion pass? Upon roll call the motion passed 7-0. Alderman Thiel was absent. _ • • Special City Council Meeting November 30, 2004 Page 2 of 17 Highway 71 East Square Redevelopment District Project Plan Adoption: An ordinance adopting the Project Plan for the Highway 71 East Square Redevelopment District, finding the Plan is economically feasible and authorizing the issuance of Tax Increment Financing Bonds to fund the improvements outlined in the plan. Mr. Williams read the ordinance A Public Hearing on the Proposed Project Plan for the Highway 71 East Square Redevelopment District Number One: A Public Hearing to allow all members of the public and representatives of taxing entities to present their views on the proposed project plan for the Highway 71 East Square Redevelopment District Number One. Mayor Coody: Thank you very much. Do we have any comments on the ordinance that was just read? We have a public hearing tonight and as people come up to speak about this I am going to ask everyone to please sign in since this is a formal public hearing process. Now then we want to hear a presentation from Mr. Earnest to open up the conversation. Hugh Earnest: Thank you Mr. Mayor and members of the Council . As you know city staff has been working since last summer with a very committed team of developers on a project that all parties have recognized as difficult and time consuming. This project which you will be accepting public comment on tonight has had as its primary focus the removal of an acknowledged blight namely the long abandoned Mountain Inn. In addition, as funding is available the project plan recommends a series of streetscape improvements within the district itself. The staff is recommending the adoption of the project plan copies of which has been available for two weeks for public consumption and has been furnished to all members of the Council. The plan itself consists of two phases listed on page 14 of the plan. Phase I is the Process of Removing Blight in the former Mountain Inn area and it's something that we call the catalyst project in this $3,500,000.00 based on 2004 dollars. Phase II, Cityscape Improvements will be a ten year project for $7,116,000.00. The project plan anticipates, at lease before amendments that the Council can make at anytime during the process, $ 107616,000.00. As we stated in the transmittal letter to you we've asked Mr. Bob Wright from Crews & Associates to attend tonight's meeting. He has a brief statement for the record that he read and is prepared to answer any and all questions relative to where we stand relative to financing. However before he talks I've asked Mr. John Nock to briefly cover Phase I of the project plan. o • • Special City Council Meiling Novembcf 30, 2004 Pagc 3 of 17 Phase I is what we call in the catalyst project which is the activities associated with the removal of the Mountain Inn. Tim Conklin will briefly summarize Phase 11 and then we'll ask Mr. Wright to be available to answer any and all questions and obviously I hope there are some comments from the public. John Nock: Thank you. The project plan coincides with the public discussions that happened several months ago. As you have had an opportunity to read the items listed in here this outlines both Phase I and Phase 11. I've been asked to talk to you little bit about the removal of blight. What we have looked at is only those issues that will be of public nature for the proposed project. Although we are referring to the new project of 22.5 million dollars as being the catalyst project, 3 .5 million dollars will be to remove the blight, acquisition costs and other necessary sight expenditures. You can look in the project plan on page 5 through page 10 to see how that is set up. I won't go through all those details. It certainly is available for the public to read as well . I wanted to point out just a couple of points starting on page 8. I'd like to read from a statute that says: redevelopment project needs undertaking for eliminating or preventing the development or spread of slums or deteriorating or blighted areas, for discouraging the loss of commerce, industry or employment or the increasing or any combination thereof. What we are referring to as the catalyst project or removal of the blight in the redevelopment of the Mountain Inn site included some of the things that you've read in the press before. Let me just address them again. We are anticipating a 144 room hotel with 12,500 square feet of meeting space. We're talking about three floors of condominiums for private residential use. We also have the plans to build a parking structure on the site of the existing parking structure from adjoining areas so that it will be functional. Currently it is designed as a motor lodge and you have to drive into the existing structure to get into the existing parking deck. Obviously that will change when we bring down the existing addition to the Mountain Inn that currently exists on the corner of College and Mountain. The new parking deck is anticipated to have approximately 350 spaces. We are also talking about the removal of certain environmental concerns that are in the air. We've had several professional outfits come in to look at what needs to be done for remediation of asbestos and other environmental hazards that exist in the building as well as other materials that are classified to go into a Class Four landfill. We've had to certainly make sure of that. You can see on page 9 the expenditures how they're listed in the property assembly cost. You can also see the demolishing of site preparation that is being used here as well. On page 10 you can see an aerial photograph of how this works with the meeting facilities on the corner of Center and College and then you can see the existing hotel will be torn down on the corner and the new main building will be built on that comer site. The direct economic impacts are also outlined on page 10 which are important to point out. Its determined that approximately 125 permanent new jobs will be created in connection with the catalyst project and construction jobs are estimated at 55 in the local market alone. There would also be an increase in demand of consumer goods during the construction period. This will • Special City Council Meeting November 30. 2004 Page 4 of 17 improve property values upon removal of the blight. This will be a tourist attraction and will draw tourist dollars to Fayetteville, the convention meeting spaces will attract additional conventions, increase the catalyst for additional redevelopment along College/Archibald Yell Streets. It will promote additional downtown living thereby adding vitality to Fayetteville's downtown economy and then of course two specific numbers, new tax revenues estimated on this project alone of $ 153 ,000.00 in sales tax a year and under HMR an approximate $60,000.00 estimated annually as well. In our portion of the project plan we have had quite a bit of impact from not only professionals but city staff as well as the city attorney to make sure that we were in compliance with the statute, not only the letter of law as outlined in the Tax Increment Financing but also what has been referred to in the media as the spirit of the law. That was in fact the removal of blight and being able to promote again a quality of life that Fayetteville has gained the reputation to have. We appreciate the opportunity to be involved with the plan and are certainly available for any comments or questions. Mayor Coody: Thank you. Tim Conklin: Mayor, members of the Council. I'll briefly go over the public improvement or the Phase II portion of this project plan. City staff looked at Dickson Street as a guide or a model to look at where we would enhance our streetscape within our downtown TIF area. If you'll look at page 13 we have a couple of maps there showing which streets would be enhanced. Looking at the table, College Avenue, Mountain to Maple, Center Street, College to East Mountain Street, College to East, the downtown square which is in need of repair of the deteriorating sidewalks, Block Avenue, Center to Spring and Block Avenue does end at Spring Street because that is where the project boundary ends as part of this 71 East Square TIF. Staff is working on an additional TIF district for the remainder of the Downtown Master Plan area that portion of Block Street would be picked up within that potential TIF if City Council , approves that plan, also School Avenue and Prairie to our TIF boundary. So we have improvements once again based on using Dickson Street as a model looking at street trees, street lighting, replacement of curb and gutter, replacement of sidewalks, overlay of the streets where necessary up around where the Mountain Inn project will be constructed, around the square, down Block Street and up College Avenue to Maple. In the south part of the TIF district we are looking at how to enhance that entry way into our downtown and that is on School Avenue south of Sixth Street and up north to where we recently did the major intersection realignment and enhancement project on School and Archibald Yell. Estimated project cost is $6,696,000.00. Those are the public improvements that would be Phase II as part of this project plan. Thank you. Bob Wright: Good evening. I'm Bob Wright with Crews & Associates of Little Rock. As you're probably aware we've been retained as financial advisor on this TIF project for the City of Fayetteville. i • Special City Council Meeting November 30, 2004 Page 5 of 17 This is the first opportunity I've had to come before you as a full Council to give you an update as to what we've been doing. Rest assured that we have been working numerous untold hours and dozens of meetings with the Mayor, staff, the developers and your bond counsel in Little Rock in getting to this point to present this'project plan. I've handed out a memo basically for the record giving you an update where we stand. Part of the project plan and part of the difficulty in presenting the plan is coming up with the financial section, the financing that we were looking at. We're currently working the City of Rogers on their big TIF plan and are going to be presenting that project plan in a couple of weeks. We've already done that for the City of Jonesboro. We're acting in the same capacity. We're also working with North Little Rock. So I'm very involved with the process of getting to this point of presenting the plan. It's difficult to get an accurate gauge of what the financial package is going to look like because we're looking at a number of months into the future. We are very comfortable in the fact that we think we can get the Phase I as has been talked about tonight, the catalyst, get that financed. We don't see that that's going to be a problem in the very near future. We're continuing to analysis numerous other financial scenarios, revenue projections and such to look and see about Phase II when that might come about with the available revenues and such. We think that at your meeting on the 2151 of December, we should be able to come back with what we think is a pretty detailed projected plan of what Phase I financing will look like and possible Phase 1I series of financings in the future. I certainly would like to answer any questions tonight from you or the public, and then certainly plan to be back in two or three weeks at your regular Council meeting to give a further update. That' s what we're looking at. Mayor Coody: I want to ask a couple of quick questions or two. To outline the perimeters which you used to come up with these figures, how would you describe your prospective when you put together this, especially the Phase I part, the $3 .5 million dollars? How conservative were you when you came up with these figures. Mr. Wright: This is the process we're in. We've got to be extremely conservative in making our projections. I know that what is in the project plan one scenario we've studied in depth might provide upwards of six, six and half million dollars in available proceeds to date, but there are numerous other factors that come into that. We take the conservative, the ultra conservative approach in coming to you tonight to say we think we're comfortable with the 3 .5 million dollars to get the catalyst done but we think we need to be cautious in moving forward on Phase II to make sure we get the most efficient structure in place, not only for today but long term. For this we're looking for the life of the TIF and we need to maximize what' s available out there. To get all the bonds paid off as soon as possible we have to mix all that in the best possible way for the City of Fayetteville. So to answer your question, we've been very cautious. That' s why we're saying right now, Phase I is probably what we need to be focusing on and come back at a later date and start looking at the Phase II opportunities. special City Council Meeting November 30, 2004 Page 6 or ] 7 Mayor Coody: So as I understand from earlier conversations I want the Council, the public and everyone at home that is interested in this to be aware of how conservative this budgeting process was, or this projection was. These were based on, and I want you to explain, you'll explain better than I, the fact, the projections were based on the assumptions that this project didn't spur development and that we basically just capitalized on the same rate of growth we've experienced with no real spurt of growth involved with this. Isn't that right? Mr. Wright: Exactly. Part of the project plan you'll see is an analysis from the Sam Walton School of Business. They've done the revenue projections and the projected growth of the property value within the TIF district. What is not included in those projections are namely the Phase I, the catalyst Mountain Inn project, approximately a $22 million dollar project that will almost immediately when built generate tax revenues to go towards paying back future debt, not included is the new building going in on College Avenue. Everything else that is in the district that is planned or currently in the process which is upwards in 60 million dollars, all the revenues that are going to be generated from that are not being used in our calculations toward begin able to fund Phase I and Phase II. You never know what the future holds so you're not really sure if the Mountain Inn project gets delayed six months or a year and you've based your calculations on that being in place on a specific date that' s where you run into some difficulties so we take the cautious approach. We don't include any of these projects at this point. We will certainly add them in to do some revenue calculations, some possibilities to come back to you and to say if this holds true this is what we're looking at. That's the same thing we did at Rogers. If a billion dollars worth of projects over the next four years come into play we're going to do 60 million dollars worth of debt. So you really have to plan, what do we have in place, let' s use the growth that's existing now and take that conservative approach then if these projects come in line which we expect, here's what will possibly happen, here' s how the debt will pay off, here' s the other phases that we can bring on line at some point in the future. Mayor Coody: Okay. Do we have any questions from the Council? Alderman Marr: I have some questions. I want to make sure I understood your comments. So you're using exactly the same methodology for this that you used in Rogers. This ultra conservatisms that you're talking about in terms of these projections because the article in the paper and the information that' s out today on the Rogers' TIF certainly doesn't say that it would be an ultra-conservative approach. They're using the development community feedback in anticipated growth of those projects but I'm hearing from you we are not doing that. Why is it? It appears to be different. , Mr. Wright: It is. Rogers and Fayetteville as far as looking at the financing opportunities is totally night and day. Fayetteville, the revenue projections that we've got right now are based on the current value of the TIF district which is 16.6 million dollars as the base value and then the growth that has occurred in the TIF district over time will generate these excess revenues that will be applied to debt. One of the problems that we face on these projects, unlike Rogers, we've got one, two maybe three major projects coming into the TIF district that we know will generate revenues. The timing of those is-a little bit questionable. When is the old library going to be done? When special City Council Meeting November 30, 2004 Page 7 of l7 is the Mountain Inn project going to be done? So when are those revenues coming in? We can make projections but again if we miss that by 6 to 9 to 12 months, the area projections are off as far as the financing. Regarding Rogers it didn't get into the paper, as far as what I talked with the reporter for over an hour yesterday, we took an extremely conservative approach there as well. But it is different in that we are not looking at the growth of Rogers; we're looking at these developers say that a billion dollars worth of projects are coming in over a four year period. We're not doing all that financing from day one. We' re doing financing in 2005 based on what is already being built and will be completed in 2005. So we know that we've got a captured value that will generate revenue by October 151h of 2007. There's my revenue stream and off I go. That's already being built. Here is the Fayetteville TIF area we're using the growth of the district itself but again since we don't have a date certain on the Mountain Inn as far as when it's going to be built. I don't have a date certain on the library, I don't have a date certain on the project on College and those are the three to my knowledge, the three big projects coming in at this point. That's why we have not used those calculations as far as a revenue generating source. Unlike Rogers where we know something is going to be built in 2005, in 2006, etc. Alderman Marr: If you did have a date certain, if they were on the same 2007 plan that if we were in Rogers, let' s say that we had that information. Would you're expectation be the same that we'd only feel secure about the first 3.5 million and not the total. Mr. Wright: If we knew the Mountain Inn was coming and would be completed in 2005 for instance, so we'd have revenues in 2007, then sure we could look at a much more secure financing for the 3.5 million dollars potentially adding in a smaller increment above that to start in some streetscape and landscaping and such. But also our calculations would say, we could come back in three or four years and do an additional series of bonds to start in on Phases Ii streetscape and such like that. So as we stand here tonight as we don't know that date certain. John and Rich can address that they are a lot more certain as when they expect that to come in. But that process is still ongoing that's why we've not included that in the revenue projects to give you a false hope that we going to come in with 6 or 7 million dollars worth of debt right now and you can do all the streetscape today. Whereas we truly feel the conservative approach, we're probably looking at Phase II a couple of years down the road. Alderman Marr: May I ask one more question. The six million dollar portion of this is in today's dollars. Mr. Wright: That's correct. The six million in streetscape in Phase II is in today' s dollars, you're correct. Alderman Rhoads: For some reason the Mountain Inn project does not get built as currently planned and the City razes that property, then do you believe that that property has a certain Special City Council Meeting November 30. 2004 Page 8o 17 value to it that can be built within the life of this, within the next 25 years and take care of the needs to service the bond. Mr. Wright: Do I think that the property as what' s being proposed, the hotel condominium? Alderman Rhoads : Does not get built for some reason. Mr. Wright: Does the TIF itself have the economic ability to handle the debt? Yes, without the Mountain Inn project, yes. Alderman Rhoads: If the current project doesn't get built but some other project of a similar nature then that' s just gravy? Mr. Wright: Then that' s just gravy and that' s why we're presenting tonight, it is uncertain. I'm not on the hotel financing side even though we've done some hotel financing. We've done the Hilton which was a shutdown hotel in Little Rock, we've done the financing. I know what is involved in getting those done, it's a difficult process. They've put their time in. They've been working on that but since that is uncertain I want to make sure that getting that blighted area out of there in that catalyst to get that property cleared can still maintain and amortize itself without this 20 million dollars, 22 million dollars project sitting on top. So it's not contingent upon that project. It's not contingent upon the library or the other project on College. It's contingent on what's there now. The historical growth that' s there based on what the school is telling us that' s presented. I've already gotten that schedule into our computer and been running some stress tests on that as far as property growth to see what happens to the debt if it goes at eight percent or six percent annual growth for twenty something years instead of the projected nine something percent growth as has been historical. We'd be doing all those stress tests to make sure that no matter how we look into that crystal ball, no matter what happens without these other projects, this 3 .5 million dollars to secure that site and demolish it, get it out of here is going to be a very secure financing for the City of Fayetteville. That's what we're here for and as you said those projects that come on and generate additional revenues a lot quicker than what we're projecting then that's gravy. We're doing Phase II a lot quicker if it generates even more than we're anticipating we can do further projects over and above what we're looking at. But at that point it will be up to the Council's desire, do you want to get the debt out of the way or close the TIF down or do you what to do additional projects. That's a question to be answered in 20 years. Mayor Coody: I don't think there will be any of us of up here answering that question 20 years from now. Any other questions for Mr. Wright. Thank you very much. Mr. Wright: I appreciate ya'll. Mayor Coody: Anyone from the public want to comment on this? I might ask you to sign in please. How are you tonight Linda. Linda Ralston: Good evening. Thinking topical tonight. Staying warm. Linda Ralston. I've been following the TIF process I guess since we've kind of started all this. I guess I'm still feeling a little uneasy about how things kind of work and I know this is new for all of us. Special City Council Meeting Novembet 30. 2004 Page 9 of 17 Needless to say I'm a little concerned just jumping ahead. I know you all are going to be talking about the second TIF district in a couple of weeks and I'd like to see if this one works first. I know things will be changing at the legislature potentially so there seems to be a big rush and again I'm feeling a certain amount of discomfort. I wrote down a couple of thoughts that maybe someone can answer. I came in a couple of minutes late so I may have missed this. If it could be clarified as to how the razing of the building actually happens. I was still unclear as to where that money, I guess it is all a matter of timing. I'm concerned if the City will be out any money, do we own it? I think we've had this dialogue before, Kit. Do we have to buy the property and then we raze it as a City and then the developers buy it back and there's some puzzle pieces in here I know that are quite intricate. I was just wondering if there is any potential for the City to fall into a gap of timing, of financing as things move forward. So if there is anyone that can comment to that. Mayor Coody: I think Kit would probably be the one to comment on that. Kit Williams : My understanding would be that none of the purchases or demolishing or anything like that would be done until the City has received the money from Tax Incremental Financing Bonds that 3.5 million dollars that was just spoken about. There is a bucket in the plan to purchase the property and to demolish the property within this 3 .5 million dollars. At that point, as you say, I think you encapsulated it pretty well, the City would then sell the property at an appraised price to the developer so that they could then build their project. Ms. Ralston: I know before it was mentioned that maybe it could be a Holiday Inn Crown Plaza and in talking to one of the developers that would probably not be the case. The Crown Plaza and Holiday Inn has certain guidelines that would not allow for condominiums up on top or other special things that will make this property more unique and special then maybe the next Crown Plaza might be. Also in reading tonight' s paper it talks about allocating money that involves 71 Business and maybe I need to learn more about the highway department and how that money gets allocated. I know we can include it in the plan but does the diversion of the tax money actually go to pay part of or all of? Mayor Coody: As we've been talking about Phase I and Phase 1I. Phase I is basically just the structural building part of the Mountain Inn and the surrounding building to take those down. Phase II would we the public domain improvements, that would be streetscape, sidewalks, street planning, landscaping, water/sewer lines. All the public domain will be Phase 1I. Phase I is something that we can do right away. As you heard the ultra conservative approach that our bond counsel took to make sure that Phase I would pay for itself even the worse case scenario it would cover its notes adequately. Then we would see if things improve or if things