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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />/f\~JIILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />January 26, 2005 <br /> <br />Work Session <br /> <br />TO: <br /> <br />Mayor and City Council <br />Michelle Wolfe, City Administrator <br /> <br />Scott Clark, Community Development Director ~ <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />TCAAP Presentation by Ehlers & Associates <br /> <br />At the January 31,2004 Work Session, Ehlers and Associates' Stacie Kvilvang will present the <br />tax increment modeling exercise that was recently completed for the Economic Dcvelopment <br />Commission (EDC). As discussed at previous meetings, staff is attempting to providc <br />infonnation to the City Council parallel to the EDC process ofreviewing and recommending <br />public financing assistance policies. It is hoped that this process will allow future Council <br />deliberations to occur more expeditiously. Ms. Kvilvang's presentation will detail the <br />projections, ramifications to the City's tax base and related infonnation. <br /> <br />In addition, Sid Inman, Ehlers and Associates, will givc a presentation on how third party <br />financial analysts for the City would review developers pro formas to determine public financing <br />needs. <br /> <br />Uthe Council has any immcdiate questions that may require some research, please call prior to <br />the meeting so that staff may be able to research and provide a direct response at the meeting. <br /> <br />IIEarthIPlanning'c'vlisc FileslTCAAPICouncil Update Work Session MemolJan 31 2005 Work Session Memo.doc <br />