Agenda - Council - 10/08/2019 - Laserfiche WebLink

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District #14 will allow the city to fund more of these items through TIF District #14, rather than the General Fund. TIF District #14 is a redevelopment district and it is scheduled to be decertified on December 31, 2040. The City Council could do the following: 1. Adopt Resolution #19-245 Authorization to Add Back Parcels into TIF 14. This action would include filing the Writ of Mandamus and commencing court action to allow the Anoka County to add back all of the parcels identified by Staff and Ehlers that had qualifying activity. 2. Adopt an amended resolution that would only add back a portion of parcels that had qualifying activity. 3. Do nothing and not add back any parcels that had qualifying activity. Staff recommends Option 1, adding back all parcels that had qualifying activity and to move forward with the Writ of Mandamus court action to allow Anoka County to add back these parcels. The estimated cost provided by Briggs and Morgan to add back these parcels is $25,000 to $30,000. This cost is a TIF eligible expense and staff recommends it be funded from TIF District #14. Funding Source: TIF District #14 There is no material change to the proposed 2020 General Fund Budget as a result of this correction. Recommendation: Staff recommends that the City Council adopt Resolution #19-245 approving authorization to add back parcels into TIF District #14. Action: Motion to adopt Resolution #19-245 approving authorization to add back parcels into TIF District #14. TIF Basics Presentation Ehlers Memo and Add Back List TIF 14 Add Back Parcel Map Resolution # 19-245 Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Tim Gladhill 10/03/2019 08:27 AM Sean Sullivan (Originator) Kathy Schmitz 10/03/2019 09:13 AM Tim Gladhill Kathy Schmitz 10/03/2019 09:14 AM Diana Lund Diana Lund 10/03/2019 09:27 AM Kurt Ulrich Kurt Ulrich 10/03/2019 02:54 PM Form Started By: Sean Sullivan Started On: 09/27/2019 08:34 AM Final Approval Date: 10/03/2019