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CITY OF CENTERVILLE <br /> REQUEST FOR ACTION <br /> . J <br /> t e rville <br /> Agenda Item# Department: Requested Council Meeting Date: <br /> Administration April 17, 2019 <br /> TITLE OF ISSUE: <br /> Authorization to Enter Contract for TIF Financial Consultant <br /> BACKGROUND AND SUPPLEMENTAL INFORMATION: <br /> Staff is requesting authorization to enter into a contract with with Northland Securities, Inc. to assist with <br /> establishing a Redevelopment Tax Increment Financing (TIF) district in the downtown area. Please see the <br /> attached memorandum for details. <br /> COST AND SOURCE(S) OF FUNDING: <br /> Contract not to exceed $11,000 with monthly progress billings to be paid from $20,000 allocated to committee. <br /> REQUESTED COUNCIL ACTION: <br /> Staff recommends that the Economic Development Authority approve the attached contract to allow staff to <br /> proceed with necessary steps to establish a redevelopment TIF district in the downtown area. <br /> For Clerk's Use: <br /> SUPPORTED DOCUMENTS ATTACHED <br /> Motion By: <br /> Resolution Ordinance Contract Minutes Plan Map <br /> Second By: <br /> X <br /> Vote Record: Ave Nay <br /> Hanel Other(specify) Memo from Bruce DeJong <br /> Giovanozzo <br /> 0 Weatherhead Contract from Northland Securities, Inc. <br /> Love <br /> Lakso <br /> Administration Department Use: <br /> Refer to: <br /> Consent <br /> Tabled Until: <br /> Regular <br /> Other: <br /> 11 <br />