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• <br /> � . DEN HILLS <br /> MEMORANDUM <br /> DATE: November 5, 2010 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director/Treasurer <br /> SUBJECT: Meeting agenda <br /> Discussion on Developing a TIF policy <br /> • One of the items on the 2010 work plan was: <br /> To develop a TIF policy as to what maximum percentage of the City should be in a TIF district. <br /> As we have potential projects that may request TIF assistant, the council would like the committee to <br /> explore and start working on this policy. This will ultimately be done with the EDC,but we would like to <br /> start the discussions and explore what information needs to be gathered and develop a "work plan" on <br /> how to begin this task. <br /> Last meeting the committee broke into groups to work on this task. We will continue having discussions <br /> as committee on this project and we will also meet the new Community Development Director, Jill <br /> Hutmacher. Jill comes from the City of Bloomington as the Acting Administrator of the Port Authority. <br /> She also worked in Dakota County and will be able to give the committee insight into the experiences that <br /> she has had with TIF in her former positions. <br /> • <br />