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Item No. 7 <br />Meeting Date: October 2nd, 2000 <br />Type of Business: WK <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; EDA: EDA Business <br /> <br />City of Mounds View Staff Report <br />To: Mounds View Mayor and City Council <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: TIF Parcel Decertification <br />Date of Report: September 28, 2000 <br /> <br />Background: <br /> <br />Mounds View’s TIF Policy states that the EDC will review potential parcels for decertification on an <br />annual basis. The EDC conducted this review at their September meeting, and unanimously voted <br />not to recommend any parcels for decertification. A map highlighting parcels currently located within <br />TIF Districts 1-3 has been included for your reference. <br /> <br />Based on existing programs such as the housing replacement and business loans, and planned <br />projects such as Highway 10 redevelopment and associated infrastructure improvements, it may not <br />be fiscally prudent to decertify parcels at this particular point in time. Additionally, it is not possible to <br />decertify certain parcels due to existing bond and pay-as-you -go obligations. <br /> <br />Necessary Actions: <br /> <br />Discuss the EDC’s recommendation <br /> <br />______________________________________ <br />Aaron Parrish, Economic Development Coordinator <br />(763) 717-4029 <br /> <br /> <br /> <br />