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REGULAR MEETING February 8t", 2016 The Mayor responded there is a payback period that is intended in those agreements. The City is now coming up to the point where we can look if we met those benchmarks that were planned out. Councilmember Karen White asked if the total of all those economic setbacks by the property tax was over $6.5 million. The Mayor responded yes it is much larger than just the General Fund setback. Councilmember Karen White agreed with the Mayor that we need to start addressing those setbacks in this budget. Councilmember Oliver Davis. stated during the last property tax cutbacks we had experts come in to analyze the numbers and give presentations to the Council, he asked when the Council could expect to see something similar from this Administration. He also asked if the Mayor believes there are any proposals in the Statehouse that may roll back these reductions. The Mayor responded every year a few property tax reform bills are proposed but none of them are likely to succeed and they are very small compared to the property tax cutbacks of 2008 and 2009. The Mayor expressed that the current makeup of the Statehouse does not seem willing to provide relief in property taxes. The Administration would be happy to set up meetings between the financial analysts as they update these numbers with the Council. Councilmember Oliver Davis asked if changing or reducing the Cities TIF areas may help provide some relief. The Mayor said changing TIF funds has pros and cons. The benefit is you are still keeping the funds in the City. The downside is you really only get pennies on the dollar back to the General Fund. While TIF areas do make up a large portion of the physical area of the City they do not make up that high of a percentage based on assessed value. The Mayor agreed that creative solutions need to be looked at to address these issues and the Councilmembers who worked through those 2008 and 2009 cutbacks, their expertise will be needed. Councilmember Randy Kelly asked if anyone is seriously looking at changing to a land value taxation value in the Statehouse. The Mayor responded he has not heard of anything towards that goal but would get back with Councilmember Randy Kelly if he did. Councilmember Jo M. Broden thanked the Mayor and the finance team who continue to win these awards and thanked the City as a whole for developing the Healthcare Clinic. Councilmember John Voorde complimented the financial team and believes more financial information is available to the public easily than has ever been. Council President Tim Scott asked if the Parks & Rec figures were not including the bonds. The Mayor responded yes these are just cash flow accounts. Council President Scott asked if the Health Clinic has all employee buy in and if there is a projected offset in the coming years. The Mayor said they have no projections at the moment but they do think it will save a good amount of money in the future since the City is self - insured. Council President Tim Scott asked if someone would give a presentation to the Health and Public Safety Committee regarding the clinic. The Mayor responded yes that's no problem. The Mayor thanked the Councilmembers and if there are any further questions please email them and he will get a response as soon as possible. REPORTS OF CITY OFFICES Representing the city administration will be Pete Buttigieg and James Mueller.