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EHLERS • ; " August 20, 2003 & A S S O C I A T E S I N C '�'-��``' BY FAX AND BY REGULAR MAIL Dorothy McClung Barry Kinsey, School Board Clerk Ramsey County Property Records and Revenue St. Anthony-New Brighton School District(9282) 50 West Kellogg Boulevard, Suite 845 3'303 33rd Avenue NE St. Paul, MN 55102 St. Anthony, MN 55418 Re: The Housing and Redevelopment Authority of St. Anthony and the City of St. Anthony and the proposed modification to the Redevelopment Plan for Redevelopment Project Area No.3 and the proposed establishment of Tax Increment Financing District No. 3-5. The Housing and Redevelopment Authority of St. Anthony("HRA") and the City of St. Anthony("City") are considering a proposal to modify the Redevelopment Plan for Redevelopment Project Area No.3 and to establish Tax Increment Financing District No. 3-5 ("TIF District No.3-5"). TIF District No. 3-5 will be a tedevelopment tax increment financing district. Tax increments collected from TIF District No. 3-5 will enable the City to facilitate redevelopment of the Apache Plaza Shopping Center and surrounding area, commonly referred to as the Northwest Quadrant. The proposed location of TIF District No. 3-5 is within Redevelopment Project Area No. 3 and can be seen on the map as found in the enclosed document. As required by Minnesota Statutes, Section 469.175, Subdivision 2 and 4, we hereby forward a draft of the Modification to the Redevelopment Plan for Redevelopment Project Area No. 3 and the Tax Increment Financing Plan for TIF District No. 3-5 (the "Plans"), Please note that the Plans are in draft form for distribution to the County and the School District. The Plans contain the estimated fiscal and economic implications of proposed TIF District No. 3-5. The City may make changes to these draft documents prior to the public hearing, however the authorized costs will not increase. We invite you to attend the public hearing to be held by the City Council at City Hall on September 23,2003, beginning at approximately 7:00 P.M., or to direct any comments or questions that you may have to Mike Morrison(City of St. Anthony) at 612-789-8881, or to me at 651-697-8516. Thank you for your consideration in reviewing the enclosed proposal. Sincerely,. EHLERS & ASSOCIATES, INC. Rebecca Kurtz Financial Advisor Acting for and on behalf of the City of St. Anthony, Minnesota Eric. cc: Mike Morrison, City of St. Anthony Connie Kroeplin, City of St. Anthony Jerome Gilligan, Dorsey& Whitney, LLP Commissioner Jan Parker Wiessner, Ramsey County Equal Opportunity Employer L E A D E R S I N P U B L I C F I N A N C E Charter Member of the National Association of Independent Public Finance Advisors 3060 Centre Pointe Drive, Roseville, MN 551131105 651.697.8500 fax 651.697.8555 www.ehlers-inc.com