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• <br />AGENDA ITEM 4B <br />STAFF ORIGINATOR Al Rolek (a-- <br />DATE April 23, 2001 <br />TOPIC Receive Town Center Fiscal Impact Analysis, Springsted, Inc. <br />VOTE REQUIRED Simple Majority (3/5) <br />UND <br />On January 22, 2001 the City Council authorized the preparation of an economic feasibility study <br />for the Town Center area of the city and commissioned Springsted, Inc. to do the study. The study <br />was to address the elements and the areas described in the scope of services prepared by the <br />city's senior management team. <br />Jerry Shannon and Paul Steinman of Springsted, Inc. presented the completed report to the City <br />Council at their work session held on April 18. A copy of the report was distributed to Council at <br />that meeting. Although there are still many questions to be addressed in response to the report, <br />Council indicated that it would be appropriate to formally receive the report at this time and to <br />explore the analysis in greater detail schedule at a future meeting. <br />Therefore, it is staff's recommendation that the Council pass a motion formally receiving the Town <br />Center Fiscal Impact Analysis prepared by Springsted, Inc. A simple majority is needed to approve <br />this motion. <br />1. Approve a motion to formally receive the Town Center Fiscal Impact Analysis. <br />2. Retum the report to staff for further analysis. <br />ND4T.ON. <br />Option 1. <br />A -4 <br />