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Agenda - Economic Development Authority - 02/08/2024
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Agenda - Economic Development Authority - 02/08/2024
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3/14/2025 11:55:34 AM
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Meetings
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Agenda
Meeting Type
Economic Development Authority
Document Date
02/08/2024
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d� <br /> E'H L R44 S <br /> PUBLVC FINANCE ADVISORS <br /> Schedule of Events <br /> City of Ramsey <br /> Anoka County, Minnesota <br /> For the proposed Modification to the Development Program <br /> for Development District No. 1 & the proposed establishment of Tax <br /> Increment Financing District No. 19 (Medart) <br /> (an economic development district) <br /> Draft as of November 21, 2023 <br /> February 8, 2023 EDA meets at 7:30 a.m. to consider TIF request and makes <br /> recommendation to City Council <br /> February 13, 2024 City Council meets at 7:00 p.m. to consider TIF request and call for a <br /> public hearing establishing the TIF District <br /> February 14, 2023 Project information, property identification numbers, fiscal impacts <br /> and maps sent to Ehlers for drafting documentation. <br /> Ehlers confirms whether building permits have been issued on the <br /> property to be included in the TIF District. <br /> February 20, 2024 Letter received by County Commissioner giving notice of potential <br /> TIF district (at least 30 days prior to publication of public hearing <br /> notice). [Ehlers will distribute.] <br /> By March 4, 2024 Ehlers conducts internal review of Plans. <br /> March 8, 2024 Fiscal/economic implications received by School Board Clerk and <br /> County Auditor (at least 30 days prior to public hearing) and County <br /> receives information for review of county road impacts. [Ehlers will <br /> distribute.] <br /> *The County Board, by law, has 45 days to review the TIF Plan to determine if any <br /> county roads will be impacted by the development. Because City staff believes that <br /> the proposed TIF district will not require unplanned county road improvements, the <br /> TIF Plan was not forwarded to the County Board 45 days prior to the public hearing. <br /> Please be aware the County Board could claim that tax increment should be used for <br /> county roads, even after the public hearing. <br /> March 14, 2024 EDA meets at 7:30 AM to consider recommending the Plans in <br /> connection with the TIF District. [Attorney provides resolution by <br /> March 5, 2024.1 <br /> BUILDING COMMUNITIES. IT'S WHAT WE DO. ;l info@ehlers-inc.com � 1 (800) 552-1171 www.ehlers-inc.com <br />
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