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• <br /> ARZEN HILLS <br /> MEMORANDUM <br /> DATE: December 14, 2010 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Director of Finance and Administrative Services <br /> Kyle Howard, Finance Analyst <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 /> We will continue having discussions as committee on this project. We are also attaching some <br /> information on TIF at the request of Chair Ostlund. <br /> Presentation of Financial Forecasting Model <br /> We have been working on the financial forecasting model and have shown this to the City Council for <br /> feedback. We are also looking for feedback from this committee. We have attached a copy of the agenda <br /> item when we presented this to the City Council for your information. Kyle will be presenting this at the <br /> meeting. <br /> • <br />