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04-21-1997 WS
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04-21-1997 WS
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MV City Council
City Council Document Type
City Council Packets
Date
4/21/1997
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Item No. 5 <br /> Staff Report No. 97-2057WS <br /> Meeting Date 4-21-97 <br /> Type of Business WK <br />• WK: Work Session;PH:Public Hearing; <br /> CA: Consent Agenda;EDAB.•EDA Business <br /> Mounds View Economic Development Authority <br /> Work Session Staff Report <br /> To: Mounds View Economic Development Authority <br /> From: Cathy Bennett, Director of Economic Development <br /> Item Title/Subject: Evaluation of Future TIF Projects <br /> Date of Report: April 17, 1997 <br /> I would like to spend some time discussing a process for evaluation of future TIF Projects. Some <br /> of the questions that you may want to consider include: <br /> ► Do you want to review the project prior to the staff evaluating TIF assistance? <br /> ► Are you interested in reviewing the financial proforma and cash flow projections <br /> regarding a project? <br /> ► Do you want to review the legal development agreement or would you prefer a summary <br /> of what is in the agreement? <br /> • ► Should tax increment assistance proposals be reviewed by the EDC prior to coming to the <br /> EDA for formal consideration? If so, what information do you want from them? <br /> ► What role do you envision TIF Consultants/Attorney's playing in the analysis? Do you <br /> want them present at EDA meetings? <br /> In general, staff would like to know what your expectations are for information needed to make <br /> decisions on a TIF proposal. <br /> •• <br />
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