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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Brenda Malinowski, Finance Director <br /> Chris Heineman, City Administrator <br /> <br />DATE: March 24, 2021 <br /> <br />RE: TIF Management Plan update <br /> <br /> <br />ACTION REQUESTED: <br /> <br />Approve the TIF Management Plan update proposal by Ehlers in an amount to not exceed $12,250. <br /> <br />BACKGROUND: <br /> <br />Since 2008, Ehlers has been updating the TIF Plan Management Plan periodically for the City’s <br />TIF districts. The most recent Plan was updated in 2016. The Plan summarizes each TIF District, <br />with recommendations for each district. <br />This Plan has been utilized in the recent past for various actions related to the districts such as <br />early district terminations (TIF 3-2), TIF modifications (TIF 3-3), and projects with the use of TIF <br />funds (TIF 3-2, Little Canada Streetscape project). <br />Since the last Plan update, two TIF Districts have been decertified, and two TIF Districts have <br />been certified. TIF Districts to be included in the update are: <br />District Type Decertification Date <br />TIF 2-1 Pre-1990’s District 12/31/2017 <br />TIF 3-2 Redevelopment District 12/31/2017 <br />TIF 3-3 Housing District 12/31/2029 <br />TIF 5-1 Renewal & Renovation 12/31/2025 <br />TIF 6-1 Redevelopment District 12/31/2039 <br />TIF 7-1 Redevelopment District 12/31/2045 <br />TIF 7-2 Economic Development 12/31/2028 <br /> <br /> <br /> <br /> <br /> <br />