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<br />. <br /> <br />. <br /> <br />. <br /> <br />, . <br /> <br />Responding to a question by Agency Kember Norton, Ks. Nelson stated that any <br />additional questions can be asked at the meeting of November 6. Based on the <br />comments received at this meeting and unanswered questions, staff will respond <br />in writing to the Council and Commission before the November 6 meeting. <br /> <br />Agency Kember Norton had concerns regarding some of the mitigating measures <br />that are proposed in the Environmental Impact Report, and requested meeting <br />with staff to ask further questions. He also asked a question regarding the <br />financing of the street widening project. Ks. Nelson stated that all the <br />funds necessary to undertake the street widening are not available st this <br />time. She also stated that the majority of tax increment funds will be <br />pledged to the street widening project. Other funding sources (state and <br />federal funds) will be sought. These tax increment funds will be coming <br />specifically from the Bristol Corridor Project Area. <br /> <br />In response to a question from Agency Kember Norton regarding obtaining funds <br />to start the project, Ks. Nelson ststed that it will have to be a combined <br />source of revenue. It is hoped thst the sales tax initiative will pass, which <br />will put Bristol in a favorable position to receive funds. It is difficult at <br />the present time to say that a specific amount of funds is available to <br />undertake the first phase. She added that any redevelopment dollars <br />contributed to the widening would be limited if new redevelopment did not <br />occur within the project boundaries. <br /> <br />Commissioner Stiens asked how the other project areas have fared as far as <br />anticipated funds vs. actual funds received. Ks. Nelson stated thst the <br />original tax increment projections were conservative and in every case, <br />expectations for revenues have been exceeded--the projection for the future <br />looks very favorable. <br /> <br />Commissioner Stiens asked Kr. Hoffman a question regarding individuals who <br />were displaced by another project, but were able to purchase homes with <br />relocation funds. Kr. Hoffman stated that 21 residential tenants were <br />displaced from the A-13 site, and through the Agency's relocation program, <br />seven were able to purchase homes for the first time, and the remainder were <br />able to move into better housing. <br /> <br />It was moved by Agency Kember Pulido, seconded by Agency Kember Norton and <br />carried by majority vote of the Redevelopment Agency, City Council, and <br />Redevelopment Commission to continue the public hearing to November 6, 1989 <br />for preparstion of staff response to comments and questions. <br /> <br />Chairman Young called a recess at 8:31 p.m. <br /> <br />The Community Redevelopment Commission adjourned to November 6, 1989 at <br />7:30 p.m. and left the Council Chambers at 8:31 p.m. <br /> <br />CLOSED SESSION <br /> <br />The Community Redevelopment Agency sdjourned to Closed Session in Room 147 of <br />the Council Chambers at 8:31 p.m. <br /> <br />-4- <br />