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Item No. / <br /> Staff Report No. <br /> Meeting Date: 3/1/99 <br /> Type of Business: WK <br /> WK: Work Session;PH:Public Hearing; <br /> CA:Consent Agenda;EDAB:EDA Business <br /> City of Mounds View Staff Report <br /> To: Mayor and City Council Members <br /> From: Rick Jopke, Community Development Director <br /> Item Title/Subject: Discussion of Tax Increment Financing in Mounds View <br /> Date of Report: February 26, 1999 <br /> An item is scheduled on the March 1, 1999 work session agenda to begin the discussion of tax <br /> increment financing in Mounds View. The purpose of the discussion at the work session on <br /> Monday will be to provide an overview of the existing tax increment districts in Mounds View. It <br /> is anticipated that future discussions will be held to review tax increment financing in more detail <br /> and decisions made about how tax increment financing should be utilized in the future and if all <br /> or portions of existing districts can or should be decertified. <br /> There are four tax increment districts in Mounds View. Attached are copies of the City's current <br /> tax increment policies, a map showing the location of each of the districts, and a summary of <br /> what tax increment assistance has been approved within each of the districts. Also attached are a <br /> number of spread sheets which show the cash flow of each of the districts. Staff will review these <br /> documents with the City Council on Monday. <br /> Rick Jopke, Community Development Director <br />