2.1.
CC Work Session
- Meeting Date:
- 01/21/2014
Information
Title:
Analysis of Tax Increment Financing (TIF) District #14 - The COR
Purpose/Background:
Purpose: Report on the analysis completed by Ehlers and Associates in regards to TIF #14.
Stacie Kvilvang from Ehlers will be present to discuss the report, focusing on four main goals as outlined in the analysis:
1. Make sure there is enough TIF generated to repay the HRA/City for its investment.
2. Make sure there is enough TIF generated to pay pay-as-you-go TIF obligation to F&C for the Residence at the COR
Apartments.
3. Reduce size of TIF district as appropriate.
4. Determine if the City/HRA can change Fiscal Disparities calculation method.
Stacie Kvilvang from Ehlers will be present to discuss the report, focusing on four main goals as outlined in the analysis:
1. Make sure there is enough TIF generated to repay the HRA/City for its investment.
2. Make sure there is enough TIF generated to pay pay-as-you-go TIF obligation to F&C for the Residence at the COR
Apartments.
3. Reduce size of TIF district as appropriate.
4. Determine if the City/HRA can change Fiscal Disparities calculation method.
Timeframe:
60 minutes.
Funding Source:
TIF District #14.
Responsible Party(ies):
City Administrator
Outcome:
Review findings in report and discuss options.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Diana Lund | 01/16/2014 01:34 PM |
| Diana Lund (Originator) | Diana Lund | 01/16/2014 01:36 PM |
| Kurt Ulrich | Jo Thieling | 01/16/2014 01:40 PM |
- Form Started By:
- Diana Lund
- Started On:
- 01/16/2014 09:20 AM
- Final Approval Date:
- 01/16/2014