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Item No. <br /> ' Staff Report No. <br /> Meeting Date: 6/21/99 <br /> Type of Business: WK <br /> • WK: Work Session;PH:Public Hearing; <br /> CA:Consent Agenda;EDAB:EDA Business <br /> Ci of Mounds View Staff Report <br /> To: Mayor and City Council Members <br /> From: Kevin Carroll, Economic Development Coordinator <br /> Item Title/Subject: Request for EDC Review of TIF Policies and Options <br /> Date of Report: June 21, 1999 <br /> SUMMARY: <br /> At the City Council meeting that was held on June 7, 1999,Council and staff continued earlier <br /> discussions regarding the topic of tax increment financing. The Council reviewed a staff report <br /> prepared by Community Development Director Rick Jopke, in which he outlined three general policy <br /> options with respect to the City's future use of TIF. The Council indicated that the comments and input <br /> of the Economic Development Commission would be useful in connection with the Council's <br /> consideration of the aforementioned policy options. It was noted that the EDC is currently working on <br /> an Economic Development section for the City's updated Comprehensive Guide Plan,and some concern <br /> was expressed that the EDC'c completion of that work might be unduly delayed if it was believed that <br /> said work now required a comprehensive review of the City's TIF policies.Accordingly, it was suggested <br /> that the City Council/EDA provide the EDC with specific,written direction so that the parameters of its <br /> duties in this regard are clearly understood by all concerned. The following language is therefore <br /> proposed for the Council/EDA's review: <br /> • "The Mounds View City Council/EDA,as part of its ongoing review of the City's TIF policies and <br /> practices,hereby requests that the Economic Development Commission members review and provide <br /> recommendations regarding the TIF policy options outlined in the staff report prepared by Community <br /> Development Director Rick Jopke for the Council's 6-7-99 meeting.This is done with the understanding <br /> that the EDC will subsequently convey to the Council/EDA its recommendation(s)regarding those <br /> options separate from the preparation of the economic development section of the Comprehensive plan <br /> inasmuch as the Council/EDA is already involved in comprehensive,ongoing discussions regarding the <br /> City's past, current and future use(s)of TIF.The EDC's current work on the optional Economic <br /> Development section of the Comprehensive Guide Plan does not require a similarly comprehensive(and <br /> therefore duplicative) review of the City's use of TIF. The Council/EDA will continue to request,from <br /> time to time, that the EDC review and discuss specific TIF-related topics or issues and then provide the <br /> Council with the EDC's advice and/or recommendations in connection therewith." <br /> ACTION TO BE CONSIDERED: <br /> Provide the above-stated direction to the Economic Development Commission concerning its role in <br /> reviewing the City's current policies and objectives concerning the use of tax increment financing. <br /> Kevin Carroll <br /> Economic Development Coordinator <br /> 612-717-4029 <br /> C:\OFFICE\WPWIN\WPDOCS\62199.RPT <br />