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~~ It is my feeling that we need to evaluate our past success through the projects the Redevelopment Commission have completed in the mid-town district that were to reduce the clear water infiltration into our sanitary sewers and determine other projects necessary to complete the repair and restoration of the Town's infrastructure so that we can determine when this area is not longer deemed "blighted" and remove them from the district. This would create additional tax revenues not only to the Town, but to the schools and other tax funded entities. The more we continue to-it's not even really about granting additional abatements. My concern is that we don't have a good handle on the amount of money that has come in over the existence of the TIF districts and when we can expect to start receiving forwarded funds from the Redevelopment Commission or a projected timeline for when we can start eliminating areas out of the TIF District so that those tax revenues come to the Town of Mooresville nit the Redevelopment Commission. Since 1.996 the Town budget has almost doubled, from over $3million to over $6 million and we have lost all the existing business we had in the mid-town district which included Nice-Pak, Labco, an other downtown businesses. 5o that increase has had to be absorbed by the current homeowners and the new residential subdivisions that have been brought in to Town. I am very close to getting all of these numbers together. The county, Helen and Jeff have been very helpful in getting numbers to me as well as the Clerk_Treasurer. But until we can pinpoint this and work with the Redevelopment Commission to determine when some of these benefits are going to be forwarded to the Town I don't think we should move forward with granting any additional abatements. I think that by the next meeting we should be able to have a much better handle on where we have been and where we intend to be in the near future and further on down the line and with that T make a motion to table the hearings until we have completed the review of the Redevelopment Commission and established a potential. timeline of possible TIF District downsizing and additional funds forwarded to the Town. Councilman Worthen said he guessed the only. question is by granting this abatement whether it is a ten year or a three year, we are stall getting 50°l0 of something. (Weis the Redevelopment Commmission). He said you and X have discussed it and the original plan looked in areas maybe this council hasn't looked at, such as improvements with our storm sewer system. I think most of our storm sewer system has within the TIF area has - been either replaced, relined, grouted, cameraed, etc. We do some things outside the TIF. We do have a project possibly coming up within the TIF area, but we should wholeheartedly look at going to the Redevelopment Commission and asking for funding on it. Councilman Worthen said he thought what would be better served is if there could ~ be a meeting between the Redevelopment Commission and the Town Council, an open meeting and sit down and discuss future plans what can or cannot be done. I still say the abatements is receiving something, if no projects had come, would we be worse off than i we are now. The additional services in the areas, I think this council made a bold and loud statement on development of residential areas early this year. Because we know that our police staffing is based an so many police officers per population and our business district is more of an investment in our future. booking at what Helen has prepared, it is showing that over in 2012, 2013 that it's going to generate over a million and a half dollars in tax revenue, that is not all the Towns, probably a third of that would be the Town's. X know it's going to generate something. I think nurturing this, hoping to grow the business district is filling up and at that point, it is time to do away with the TIF area. Councilman Bryant asked, when will that be? I wholeheartedly want to have the meeting. That is what I am getting at, we need to sit down and determine in the future the potential to relinquish some of this area., but if ground becomes available further south of Hancel Parkway or Flagstaff Industrial Park, will it be extended further down. The TIF district is a great tool, but ours just keeps expanding. We have almost half the Town of Mooresville in the TIF district and we do not know when some of these funds can be relinquished back to us. I understand we are getting one half of something that we were not getting before, but I am sure that has been the thought process since day one, but we( the Tawn) still aren't getting anything. Councilman Worthen said he thought what we hive been doing is invest back into it and maybe the time has come to look at the projects, the businesses in mid-town and I think we should have a meeting with the Redevelopment Commission. That's my thoughts. Councilman Bryant said he would like to have that meeting too. Attorney Currens reminded the council there was a motion on the floor. President Dolen said do we have a second to the motion. There was na second forthcoming so the motion died.