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AGENDA ITEM 3F <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 8 /24/98 <br />TOPIC: Consideration of a Contract with Ehlers & Associates, <br />Inc. <br />BACKGROUND :, <br />This contract is for professional services to provide financial consulting in the <br />area of Tax Increment Financing. Due to numerous changes in the area of TIF <br />and TIF reporting, Ehlers and Associates has the capacity to provide direction <br />regarding tax increment financing planning and reporting procedures. The scope <br />of services includes assistance with the maintenance of existing districts, <br />preparation of cash flows and new TIF districts, and meeting state reporting <br />laws. The cost for services is an eligible administrative expense that comes out <br />of TIF. <br />OPTIONS:, <br />1. Approve the contract with Ehlers and Associates, Inc. <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />