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January 26, 2006 EHLERS & ASSIrtIArE_ s INC BY FAX AND BY REGULAR MAIL Commissioner Jan Parker Ramsey County Board of Commissioners Room 220 Court House 15 W.Kellogg Blvd. St. Paul,MN 55102 Re: ' The City of St. Anthony and the Housing and Redevelopment Authority of St. Anthony's proposed modification to the Redevelopment Plan for Redevelopment Project p p � t Area No. 3 and the proposed modification of The Chandler Place Tax Increment FinancingDistrict and Tax Increment .Financing pYnancing District No. 3-5. Dear Commissioner Parker: 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 modify the Chandler Place Tax Increment Financing District(County No.058-0)and Tax Increment Financing District No.3-5(CountyNo.246-0) (the"Distric s' Redevelopment Project Area No.3 is being enlarged to include this property as well as other properties within the Ci boundaries. The boundaries of Redevelopment Project Area No.3 shall be coterminous with the corporate boundaries of the City of St.Anthony. In addition,the budgets in both TIF districts are being modified to reflect actual project activity and to bring them into compliance with the State Auditor budget requirements. The Districts are located within Redevelopment Project Area No. 3 and are indicated on the attached map. The City Council has scheduled a public hearing on this matter pursuant to the Minnesota Tax Increment Financing Act ("Act")on March 14,2006,at approximately 7:00 P.M. The Act requires that prior to the adoption of a tax increment financing plan for a housing or a redevelopment tax increment district,the HRA must notify the County Board member representing the affected area at least 30 days prior to publishing the notice of public hearing. Please note that a draft of the tax increment financing plans will be sent to the County Auditor and School Board by February 10, 2006. We would like to solicit your comments and offer to meet with you at your convenience,if you so desire. In addition,we invite you to attend the public hearing on the modification of Redevelopment Project Area No.3 and the modification of the Chandler Place Tax Increment Financing District and Tax Increment Financing District No.3-5. Please direct any comments or questions that you may have to Mike Morrison(City of St.Anthony)at 612-782-3311,or to me at 651-697- 8506. Thank you for your consideration in reviewing the enclosed proposal. Sincerely, EHLERS&ASSOCIATES,INC. a Stacie Kvilvang Financial Advisor Acting for and on behalf of the City of St. Anthony,Minnesota Enc. cc: Mike Mornson/Barb Suciu, City of St. Anthony Jerome Gilligan, Dorsey&Whitney,LLP Eoal opoortunityf Empj"er LEADERS IN PUBLIC F I N A N C 8 Charter Membef at the Ratfdaal AsOomatiao of Independent PubU,Finance AdAsors 300AD Centre Pointe Drive, Rpseµille, MN 55113-1ip5 651,5$7.9500 to 654,697,$555 www.ehler;.Inc.com