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FC CASE # <br /> <br />AUTHORIZATION TO DIRECT FISCAL IMPACT STUDY ADDENDUM <br /> By: James E. Norman, City Administrator <br /> <br />Background: <br /> <br />In September of this year, the City received a fiscal impact study of growth from Springsted <br />Public Finance Advisors. The report provided revenue projections for a five-year period. After <br />the presentation by the representatives of Springsted, the Council discussed the possibility of <br />having Springsted provide alternative scenarios in a study addendum. A study addendum could <br />also extend the analysis for a ten or fifteen year period for a true long-range projection. <br /> <br />Staff requested Springsted provide a proposal for the fiscal impact study addendum and received <br />a proposal in October (letter attached). Staff would recommend proceeding with the fiscal <br />impact study addendum. <br /> <br />Committee Action: <br /> <br />Motion to recommend that City Council contract Springsted Public Finance Advisors to perforrri <br />an addendum to the fiscal impact study. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Finance Officer <br /> <br />FC: 11/23/99 <br /> <br />~ ~RA-FS ~ ~ V~L ~ ~users~J Thie~ing~C~UNC~L& ~B UDGETF~ 999~N~vember~scalimpctstdy.d~c 11/19/99 <br /> <br /> <br />