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of Little Can0Q,d <br />COMMUNITY PRIDE <br />1953 - 2003 <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www. ci.li ttle- •canada. m n. u s <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: August 8, 2003 <br />RE: Hearing on TIF District 2 -2 <br />MAYOR <br />Michael 1. Fahey <br />COUNCIL <br />Jim Lavaile <br />Matt Anderson <br />Rick Montour <br />1361 Biesaner <br />y1DV(INISTTCATOR <br />Joel R. Hanson <br />Attached is the summary information relative to the tax increment financing plan for the <br />establishment of TIF District 2 -2. The full plan was not included in your packets at this time as it <br />was submitted to you previously for review. Also attached is an updated Renewal and Renovation <br />Assessment for this property as prepared by the Building Official. <br />This district allows for TIF assistance for District Council 482 building east of the former Knox <br />building. Assistance is needed due to soil corrections required to support the 57,000 square foot <br />building. The City Council indicated a willingness to provide this type of assistance in earlier <br />discussions with Drywall Supply. <br />Staff has reviewed this matter in detail and recommends approval by the City Council and the EDA. <br />