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Alternative 3: Do nothing Staff does not recommend this approach as the bonded debt and TIF Note to Flaherty <br />and Collins requires that the city act promptly in regards to special legislation, down -sizing TIF district area, etc. <br />Funding Source: <br />In 2010 a reimbursement resolution was established for TIF #2 to loan to TIF #14 an amount of up to $500,000 to <br />cover all administration costs related to the creation of the TIF #14 area and F&C project with TIF #2 to be paid <br />back via future increment from TIF #14. <br />Recommendation: <br />Staff recommends accepting the proposal from Ehlers. They have submitted the lowest proposal and have the most <br />knowledge of the TIF #14 area of those proposals received. <br />Action: <br />Motion to approve the proposal from Ehlers in a not -to -exceed amount of $5,000. <br />Attachments <br />Proposal from Ehlers <br />Proposal from Northland Securities <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Jo Thieling 11/07/2013 08:59 AM <br />Diana Lund Diana Lund 11/07/2013 10:05 AM <br />Kurt Ulrich Kurt Ulrich 11/07/2013 04:34 PM <br />Form Started By: Jo Thieling Started On: 11/06/2013 02:26 PM <br />Final Approval Date: 11/07/2013 <br />