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Item No. 7J Type of Business: CB WK: Work Session; PH: Public Hearing; CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report To: Honorable Mayor and City Council From: Charles Hansen, Finance Director Item Title/Subject: Resolution Authorizing a Contract for Professional Services with Ehlers & Associates Date of Report: March 21, 2002 Minnesota governments with TIF districts are required to annually submit reports on the transactions and activities to the Office of the State Auditor. The previous Finance Director prepared these reports for Mounds View. He departed the City shortly before the reports for the year 2000 were due. The previous Economic Development Coordinator stepped in to prepare the 2000 TIF reports. Since he wasn’t familiar with TIF reporting in general or with the reports filed for 1999 and earlier years, he may have made some errors on the 2000 TIF reports. The City of Mounds View has received a letter from the Office of the State Auditor raising some questions regarding the 2000 TIF reports. It will be in the best interest of the City to resolve any problems with the 2000 TIF reports. I have experience with preparing TIF reporting. However, with the need to handle the City’s annual financial audit, prepare the 2003 budget, and create the long term financial plan, I wouldn’t be able to address the 2000 TIF reports and respond to the Office of the State Auditor in a timely fashion. Ehlers & Associates has expertise in TIF, is already familiar with the City of Mounds View’s TIF Districts, and can immediately commit time to the task. Attached is Resolution 5738, which authorizes a contract with Ehlers & Associates at an estimated cost of $3,000 to $4,000 to complete TIF reports for the years 2000 and 2001. I anticipate that after that I would take over TIF reporting. Respectfully Submitted, Charles Hansen