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AGENDA ITEM NO. 4 <br />STAFF ©RIGINAAT©R: Brian Wessel <br />DATE: <br />TOPIC: Public hearing on the modified Tax Increment Financing Plan for <br />TIF Districts 1-1 and 1-2 <br />BACKGROUND <br />Earlier this evening the EDA adopted modified Plans for Tax Increment <br />Financing Districts 1-1 (Rice Lake Estates) and 1-2 (Sunrise Meadows). The <br />purpose of this modification is to transfer funds within the district to reimburse <br />the city's service area fund for the dollars spent to fund the West Central trunk <br />project1This hearing is to receive public comment regarding the modification of <br />these Plans. <br />OPTIONS: <br />1. Open the public hearing <br />2. Continue the public hearing <br />RECOMMENDATION: <br />