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C�CL�CL o/I (nith anach <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www.ei.111:11e-canacla.mn.us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Shelly Rnecicert, Finance Director <br />DATE: June 3, 2011 <br />RE: TIF Administrative Fee Transfer <br />MAYOR <br />[3111 I3lesener <br />COUNCIL <br />Rick Montour <br />John Keis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />The 2010 transfer to reimburse the General Fund for staff administrative time related to <br />TIF is as follows: <br />From: <br />440 TIF 3 -2 Rice Street $17,868.66 <br />441 TIF 3 -3 The Lodge 1,879.60 <br />460 TIF 5 -1 St. Jude 14,253.26 <br />464 TIF 2 -1 Country Drive 2,066.80 <br />470 TIF 6 -1 Arcade Street 1,415.07 <br />480 TIF 2 -2 Union Hall 1,828.91 <br />To: <br />101 General Fund $39,312.30 <br />Please note that $38,000 was the estimated transfer amount for the 2010 Budget. Staff <br />recommends approval of the transfer as outlined above. <br />