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CC Work Session 2. 1. <br />Meeting Date: 05/14/2013 <br />Submitted For: Kurt Ulrich By: Jo Thieling, Administrative Services <br />Title: <br />Consider Proposal for TIF District 14 Review <br />Background: <br />Staff has received a proposal from Stacie Kvilvang of Ehlers regarding services for TIF District #14 analysis. The <br />proposal outlines Ehler's services which include a basic presentation to the City Council related to TIF, sets a <br />meeting with City staff to determine development areas within The COR, prepares a TIF model for the 331 parcels <br />in the district, and prepares TIF projections for each development. They will follow that up with a meeting with the <br />City Council/HRA to overview the findings and facilitate discussion on the options. <br />Ms. Kvilvang proposes a not -to -exceed fee of $5,000 for the work to be completed. The proposal is attached. Ms. <br />Kvilvang will attend the work session this evening to present TIF basics as well as elaborate on her proposed <br />services for the TIF 14 analysis. <br />Observations/Alternatives: <br />The City's strategic plan calls for a review of TIF District 14. There are several reasons for the City to take this <br />initiative which include: <br />- the desire to consider a selective decertification of parcels within the district <br />- to review the assumptions of costs and revenues of the COR <br />- to analyse the impact of some declining property values within the district <br />A consultant provides a more thorough and knowledgeable report than can be effeciently provided with City staff. <br />A competing proposal for services could be obtained, but Ehler's has the history with TIF 14 that will be beneficial <br />in performing this work. The $5,000 cost is reasonable for the scope of work. <br />Recommendation: <br />The proposal is recommended as presented, but may be modified based upon Council discussion. <br />Funding Source: <br />A portion of annual TIF revenue is collected by the City for administrative expenses. Thia would be an <br />administrative expense paid for with TIF funds. <br />Council Action: <br />No action necessary. Staff will proceed to authorize work based upon concensus Council feedback on scope of <br />services. <br />Attachments <br />TIF Proposal Stacie Kvilvang <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/09/2013 05:39 PM <br />Form Started By: Jo Thieling Started On: 05/07/2013 03:38 PM <br />