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Related to the redevelopment, Presbyterian Homes has also submitted an application seeking Tax Increment Financing (TIF) for this redevelopment. Staff and representatives of Presbyterian Homes have been working with Stacie Kvilvang of Ehlers and Associates, the City's financial consultants, regarding this TIF request. Ehlers and Associates have begun working on the TIF runs. This information will be presented to the Financial Planning and Analysis Committee (FPAC) on September 9; they will go over the preliminary runs and provide comments to the City Council on this application. The Planning Commission will be asked to evaluate the TIF application at their October 6, meeting and determine whether granting TIF in this instance would be in keeping with the goals of the City's Comprehensive Plan. Library Component The Ramsey County Library Board has been looking at options to relocate the existing Arden Hills Library, currently located at 1941 County Road E2. The Library Board has indicated that they are interested in co-locating the library with another use in order to save costs and increase traffic to the library. Recently the Library Board ordered a feasibility report that looked at an option to relocate the library to the New Brighton Community Center. At their May 10 Work Session the City Council discussed the library issue and expressed their concern over the possibility that the library may move out of Arden Hills. They directed Staff to follow up with several alternative options that may allow the library to stay within the City. One of the options that the Library Board had discussed early in their process was a possible partnership between Presbyterian Homes and the Library Board whereby a library could be located within a newly constructed building within the Presbyterian Homes Campus. In the spring County Library Director Susan Nemitz and John Mehrkens from Presbyterian Homes had met and discussed this possible partnership. After the May 10 City Council meeting Staff initiated a meeting with Presbyterian Homes and subsequently met with both representatives of Presbyterian Homes and the Library Board to discuss the option in more detail. Presbyterian Homes currently partners with the Washington County Library system at their Woodbury facility. According to Presbyterian Homes the arrangement works well and they are excited about the opportunity to again partner with a library use at their Arden Hills facility. Presbyterian Homes had originally intended to move forward with a formal application for redevelopment in a few months after having first connected with their neighbors in the community and the Council to gather feedback on their plans. However, given the current timeline, and at the request of the City, Presbyterian Homes has opted to move their plans forward several months in order to gather and present the information needed for the Library Board to make their decision. The Library Board is aware of the Presbyterian Homes option. At their August 18 meeting, the Board heard a proposal from Presbyterian Homes regarding the relocation and was given an opportunity to ask questions. At the meeting they indicated that they would be making a recommendation as to which option they preferred at their next meeting on September 15. In the City of Arden Hills Planning Commission Meeting for September 8, 2010 C:I DOCUME—I I MEAGAN—I.BEET LOCALS-11 Temp I ELF49109-08-10-PC Memo-Presbyterian Homes Concept Review.doc Page 2 of 4