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<br />Iii <br />I CITY OF ARDEN HILLS <br />,. <br /> MEMORANDUM <br />I DATE: April 11, 1997 <br /> TO: Mayor and City Council <br />I FROM: Brian Fritsin~er, City Administrat@ <br />I SUBJECT: Resolution #97-17, Modification to TIF Districts <br />I Background <br /> As the City Council prepares to undertake several projects in the Gateway Business District, it <br /> appears that modifications to the Development Program and modifications to the Tax Increment <br />I Financing Plans would be appropriate. <br /> Staff is currently working with Ehlers and Associates, Inc. on a process which includes the <br />I review of our existing plans, including budgets and district boundaries. The purpose of <br /> scheduling the public hearing is to allow for ample time to prepare for the public hearing. <br />Ie Schedule of Events <br /> April 14, 1997 City Council calls for a public hearing on the modifications of <br /> Development District #1 and the modifications of Tax Increment <br />I Financing Districts Nos. 1,2 and 3. <br />I April 25, 1997 FiscallEconomic implications received by School District and County <br /> Board (at least 30 days prior to Public Hearing). <br />I May 2, 1997 Planning Commission finds Plans to be in compliance with City's <br /> Comprehensive Plan. <br />I May 14, 1997 Date of publication of hearing notice and map (at least 10 days but not <br /> more than 30 days prior to hearing). <br />I May 27,1997 City Council holds public hearing on the modifications of Development <br /> District No. I and the modification of Tax Increment Financing Districts <br /> Nos. I, 2 and 3 and passes resolution approving the Plans. <br />I May 30,1997 Ehlers certifies Plans with Ramsey County and State. <br />I <br />~ <br />I <br />