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table for the public to discuss is the fact that in any of the economic development areas that were created, any revenue that was generated can be spent basically in the downtown because it is the redevelopment commission's position that without helping downtown the rest of the town really can't survive. After three or four meeting of open discussion they will decide if they want this in the plan. So they would take money from one area and go up and spend it in the downtown. He said he also wanted to address the accomplishments in the ten or so years of the Mooresville Redevelopment Commission. The commission needs to decide as they look back if it is appropriate to continue. What projects have been accomplished that were originally set out and what new projects do we now realize that we did not have a vision for ten years ago. He said TIF impact generally is not significantly accrued to schools but it tends to be more accrued to the Town. But you can't make any blanket statements about this. Now, you have a storm water requirement that wasn't there ten years ago. Old downtowns traditionally have a heavy impact on utilities. If you can use the TIF leverage to reduce the storm water infiltration impact that should certainly be used in the plan. We can analyze any proposal on any area and look at it in conjunction with the new comprehensive plan as well as new development standards anything else that might take place. He said he felt Mooresville did a great job ten years ago out the other side of Highway 67. You now have three gateways to the community. When this project started there was one to the north and to the south, Bridge Street was not really a gateway, now it is. The one to the north is not too developed but the one to south and Bridge Street has benefited. For a town of this size $750,000 of increment is astounding and all I can say to you is that money is yours, it doesn't mean you can't cooperate with the school and find creative ways to get money to them, but you don't want that money dissipate itself to where the Library can't raise it's rate. You have to weigh all these things. Bottom line here the thing I want to emphasize more than anything else is this; a huge amount of what the Town said was important to it ten years ago has actually been accomplished and what you want to do to impact the next ten years you will put your town in a very competitive position. Wabash Scientifics' job is to make amending the plan as easy as possible for everyone concerned. Attorney Currens gave the steps; Redraft the plan formalizing objectives, when that plan is ready for the Redevelopment Commission to approve they would adopt a Declaratory Resolution which is passed on to the Plan Commission for their approval to see how the plan submitted goes along with their plan for the growth of the Town then the plan would go to Town Council for their approval and then set up a public hearing at which time we would either confirm that original resolution or amend it or totally reject it. Councilman Warthen asked about looking at scenario two the eight cents, what would that save on a $100,000 assessed valuation on a home? Lauren Matthes answered after all the deductions that would be $52.00. Councilman Warthen said let's remember that figure. We are faced with Phase 2 surface water State mandated rule that is an.-un~%undcd issue for the Town of Mooresville. In the general fund the council had to put in the utility department's budget of total of $200,000 and that was an increase of almost $100,000 dollars over the previous year to address surface water. If there is a possibility, before you make a lot of changes, to address funding a portion of the wastewater plant improvements, and address the surface water. There is equipment we have looked at