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Seeing no speakers from the audience, we will now move into Legislation. <br />Legislation <br />Council Clerk: <br />Legislation on third reading. <br />Ordinance 2024-58 introduced by Mayor Jones. An Ordinance creating the Forest Commons <br />Tax Increment Financing Incentive District; declaring improvements to the parcels within the <br />Incentive District to be a public purpose and exempt from real property taxation; requiring the <br />owners of those parcels to make service payments in lieu of taxes; establishing a municipal <br />public improvement tax increment equivalent fund for the deposit of those service payments; <br />specifying the public infrastructure improvements that benefit or serve parcels in the Incentive <br />District; and declaring an emergency. <br />Councilman Limpert: <br />Mr. President. <br />Council President Brossard: <br />Councilman Limpert. <br />Councilman Limpert: <br />I would like to make a motion to adopt 2024-58 and ask for a second. <br />Councilman Scarl: <br />Second. <br />Council President Brossard: <br />Motion to adopt Ordinance 2024-58 made by Councilman Limpert, seconded by Councilman <br />Scarl. Roll call please. <br />Council Clerk: <br />Councilman Limpert: Yes, with comment. I appreciate the Economic Development Director <br />trying to find innovative ways to provide funding and growth for targeted projects. Looking <br />forward to see how this pans out [inaudible]. <br />Councilman Scarl: Yes <br />Councilman Shymske: Yes <br />Councilman Glassburn: Abstain <br />Councilwoman Gilchrist: Yes <br />Councilwoman Hemann: Yes <br />Councilman Madden: Yes <br />11-06-24 Council Meeting Minutes - Page 10 <br />