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Item No. 9 <br /> Meeting Date: September 20. 1999 <br /> Staff Report No. <br /> Type of Business: Ma <br /> WK: Work Session;PH:Public Hearing; <br /> CA:Consent Agenda;CB:Council Business <br /> Mounds View City Council <br /> Work Session Staff Report <br /> To: Mounds View City Council <br /> From: Kevin Carroll, Economic Development Coordinator <br /> Item Title/Subject: Proposed Joint EDC/EDA/Public Meeting Regarding Tax <br /> Increment Financing <br /> Date of Report: September 16, 1999 <br /> As you know, the EDA has directed the Economic Development Commission to study the City's tax <br /> increment financing [TIF] policies and programs, and to recommend whatever changes or <br /> modifications the EDC believes will be in the City's best interests. <br /> The EDC began its analysis of this topic at its meeting on August 26, 1999. There was general <br /> agreement that the EDC's work should begin with a review of relevant facts and data regarding the <br /> City's"pre-TIF" commercial and industrial tax base and the impact (to date) that TIF-related <br /> development projects have had upon that tax base. It was also generally agreed that this information <br /> should be presented in format that would allow the EDC, the EDA and interested members of the <br /> public to hear and benefit from the same information at the same time. It was suggested that the <br /> EDC and the EDA schedule a joint meeting for this purpose, and that the meeting be well publicized <br /> in advance so that residents and business owners could be made aware of this opportunity to learn <br /> more about this important topic. <br /> The EDC members and City staff believe that an evening meeting would be preferred, and that a <br /> Thursday night would be as good as any, and that an effort should be made to limit the meeting to <br /> two hours. The first part of the meeting would be devoted to a [hopefully interesting and <br /> entertaining] staff presentation regarding"the history of TIF in Mounds View," and the second half <br /> would be devoted to a question-and-answer session and/or possibly one or two guest speakers. <br /> ACTION TO BE CONSIDERED: <br /> Staff• looking for approval of the concept/plan for the meeting, and a decision regarding an <br /> acc/ table date - e Council may want to consider October 7th or 14th, from 7 PM to 9 PM. <br /> ,,,,,,,e4 <br /> 4e • Carroll •1 17-4029) <br /> E onomic Development Coordinator <br /> N:\DATA\GROUPSWCONDEV\COUNCIL\STAFF99\09-20-99.DOC <br />