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Then Lauren said that in most of these projects the equipment value was more than the building value. Councilman Bryant said then the taxes the Redevelopment Commission will pay for TOA in the year 2007 thru 2011 would be on the equipment mostly not the building. Lauren answered correct. Councilman Bryant said we are giving them approximately 3million dollars over the period of time they came here thru 2011, is that right? Lauren' s answer could not be heard on the tape. Brian Nelson said, basically what Councilman Bryant is asking is what amount was needed in T~ 1 to cover TOA's commitments. Councilman Bryant said looking at the map what he thought was drawing a line at the property line of TOA and everything north be taken out of the district. Brian Nelson said but the problem is TOA doesn't generate enough in TIF revenue. Councilman Bryant said but I think you would have enough of a balance left in that account for $200,000 over the next two years to TOA. Chairman Kollmeyer said but that would be saying from this point on Mooresville is not going to have any development. Councilman Bryant said no, just in TW 1. Chairman Kollmeyer said if we do this and a new "TOA" comes in we wouldn't have any money for incentives because we are saving the balance in TW 1 to pay for TOA. If that is what the council wants--Councilman Bryant said Hancel Parkway is in TIF 2, right, and you can't spend TIF 1 money in TIF 2 isn't that right. Lauren answered yes. Councilman Bryant said TIF 2 would get bigger if developed. Lauren said something else, but was not able to understand on the tape. Councilman Bryant asked about the church going in on St. Rd. 67 and what use was planned for that area. Helen Humes said her concern was the church would determine the use of that property and she didn't think it would be industry. She said having the land available and being able to acquire it were two different things. Helen said there was some property designated industry but the property owners were not willing to sell. Chairman Kollmeyer said maybe the Redevelopment Commission ought to option some land to develop. Councilrrian Bryant said Springhill Ministries were going to build a church on land adjacent to TOA property. Chairman Kollmeyer asked, but have they bought the land? Couldn't hear answer. Helen Humes said churches could go anywhere. Within the older part of TIF 1 we have two manufacturing firms, SaniServe and NicePak, and if either one wanted to expand and should need land for future expansion, she would hope that we would be able to help them. Chairman Kollmeyer said at this point he didn't see any advantage in cutting back the housing part, we could possibly cut some. Lauren said something about not even knowing they are in there. A discussion ensued but the tape sounded like everybody talking at once. Councilman Bryant said the Town wants to have a tax rate competitive in the area so they can lure business into the Town. Lauren said companies are looking at areas with a lot higher tax rate. She said a company does not look at the tax rate. Councilman Bryant said I am not looking at the benefits to business but to the community. Helen Humes asked if the taxpayers would see a substantial reduction in the rate if the TIF area were reduced? Councilman Bryant said he hadn't spoken to anyone who lives in the TIF district who had a concern over the district. Chairman Kollmeyer said at this point he thought the commission was willing to look at the boundaries, any projects the Town Council wants done, and adding to the TIF to the south, even though there is going to be a church in the middle, I think we need to do this all at the same time. We don't want to amend the plan without looking at additional boundaries and deciding what we need to do, and if we choose to do that we might as well be prepared for a fairly long group of meetings to determine what we need