04/11/2018 Minutes - Laserfiche WebLink

Home Browse Search

there would be. Commissioner Alarid said that sometimes it is hard to obtain insurance and this is his concern since he had a rool'collapse due to excessive water, Commissioner Hider stated that liability insurance is different that./ull coverage properly insurance, and wasn't the same if a roof is leaking. Commissioner Dux noted that it the requirement was for property damage and bodily injury, and this protects adjacent properly owners and people. Commissioner Hider noted that liability insurance is pretty inexpensive. Mr. Godwin suggested a list be developed of companies who will insure oldbuildings. Commissioner Emmite asked ifthe registry would be required Y'theproperty includes a plan to restore, Mr. Godwin repliecl, yes it would, and the registration includes t -i restoration plan as a component. In, other words, if a properly was being developed and is vacant, it would still be required to be registered until occupied. Chairman Dux said he wanted to note that Historic Preservation does have a positive impact on the community, and the Historic Preservation Commission does work hard to preserve the buildings. But at the same time there are others buildings deteriorating, and this is counterproductive to their efforts. It was his recommendation to endorse the vacantproper4� registry, Commissioner Cq-yle said he did like the idea of allowing the vacant property registry not to kick in until' the first qfthe year to allow owners who are looking. for insurance and creating their plan to have time to do needed research, and get design renderings, Commissioner Dux was interested in developing a list of'those persons who do dy .ferent type of' work on a historic building such as glazing windows, repointing brick, and repairing other .features that are deteriorating, as the resources can be hard to.find. Mr. Godwin said it would be good idea to develop a list of'the people who are available to do specialty work. Commissioner Dux asked if the commission wanted to vote to endorse the Vacant, Propeqy Registry. Commissioner Coyle inade the motion to endorse the Ordinance, seconded by Commissioner Hider, Motion carried 5 — 0. 6. John Godwin made a presentation of TIRZ incentives for downtown. Mr. Godwin explained the details and requirements ql'the Tax Increment Reinvestinent Zone rTIRZ) and how it is to be use to incentivize blighted areas. The premise is, developing a redevelopment zone, determine the starting bench mark, developing a plan for improvement, and capturing of the taxes for the special district above the bench mark and use thein .for public improvement. No taxes raised, no new money, butfiinds are reallocated for public improvement for the designated blighted area. There are qualification, plans, boundaries, specific time periods, creation of board that will approve the project plans, and the pay back plan option with TIRZ bonds, municipal bonds, loans or reimbursement to the developer. Mr, Godwin took time to answer the commissioner's question and provide any clarification. After much discussion, Commissioner Hider made the motion to endorse the creation qfa TIRZ" district: to the City Council lfor downtown, seconded by Commissioner Alarid, Motion carried 5 -- 0