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April 28, 2026 St. Anthony Council Work Session - 2 funding will likely be needed soon to renovate aging City buildings, such as City Hall or the Police Department, and that this may be a more important use of tax dollars than redeveloping small parcels. Councilmember Doolan stated that the conversation will remain important, citing a discussion she had with a Medtronic leader and the Comprehensive Plan, which identifies areas for future redevelopment. She discussed the positive impacts of TIF in the Silver Lake Village project, but noted that some of the added residents shift more financial responsibility to single-family homeowners. Councilmember Doolan indicated that TIF could increase the commercial tax base and address affordability issues. Councilmember Jenson noted that TIF districts typically last about 25 years. Councilmember Elnagdy concurred that shifting the burden to taxpayers must be justified and that prior discussions were not comprehensive enough regarding expectations. She stated that she felt it was important to start the conversation on TIF policy now so that general criteria can be in place if the opportunity to use TIF presents itself, and that specific details could then be clarified. Councilmember Elnagdy expressed that expectations for developers using TIF would have to be very high, possibly higher than those in Minnetonka. Councilmember Randle expressed his historical disdain for TIF usage. He asked whether they could reallocate the current TIF district funds back into the tax levy. He agreed with Councilmember Jenson that there are limited areas for future development in St. Anthony. Mayor Webster noted potential areas for future development, the largest being the shopping center area. He again concurred with Councilmember Jenson and stated that they should use the money to fund City projects that are necessary right now. Mayor Webster informed him that the money is not currently available, but would instead be obtained if TIF were in place by freezing property taxes and using the excess to fund TIF projects. Councilmember Doolan noted that when the TIF district in Silver Lake Village closes, it could bring in additional income. She stated that she believed it would be beneficial to discuss the structure of the Minnetonka policy in relation to their own, even if only for future opportunities. Ehlers Senior Municipal Advisor Kvilvang confirmed that when Silver Lake Village decertifies, there will be new capacity to levy against. She clarified that the Minnetonka TIF policy covers more than affordable housing. Staff is seeking to determine the Council’s preferences for the kinds of developments TIF policy should include. She reminded the Council that even if someone meets the requirements for TIF use, the Council is not required to allow it. City Manager Yunker stated that this topic had been discussed previously, specifically relating to affordable housing. A policy like this can communicate to developers what the City wants. He highlighted that allowing someone to use TIF and writing the policy are two different discussions. Councilmember Randle asked if putting restrictions on developers would discourage them from doing business with the City. City Manager Yunker stated it is difficult to tell, but determining if the market can absorb the City’s goals is important. Councilmember Doolan highlighted that defining objectives and outcomes from TIF is beneficial and could also assist with their Comp Plan for 2050. She noted that TIF could assist the City in meeting goals they are struggling with, such as affordable housing for senior citizens. 3