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• Nan et Methilt • Section VII Economic Development (TIF) Housing Finance: Given the existing environment of inter- community and inter -state competition for business and industry, a city must understand and be prepared to use a wide variety of financing tools to achieve quality economic development and housing projects. Our role is to make you aware of all the financial options available to you in financing the projects, and to aid in their successful implementation. Tax Increment Since tax increment financing came into being in Minnesota, Juran & Moody's Public Finance Department has been helping clients with all of the City's tax increment financing needs. In 1987, we expanded our services to include preparation of tax increment financing plans, negotiation services with developers, grant writing, and structuring tax increment finance issues. Since 1990, Juran & Moody has completed over 50 separate tax increment financing projects for Minnesota cities including: Amboy Blue Earth Glencoe Ogilvie Andover Browerville Hinkley Osseo Annandale Butterfield Kenyon Pine City Avon Chisolm LaCrescent Renville Belgrade Elysian LeCenter Rushford Biwabik Farmington Minnesota Lake Waite Park Blooming Prairie Foley Montgomery Waterville Mountain Lake Wells Our firm has also participated as financial advisor in major tax increment efforts in the cities of Chaska Prior Lake, Apple Valley and others. Case Study: City of Waite Park TIF Financing for Storm Drainage Waite Park realized that further quality development in their remaining vacant commercial areas would not take place without solutions to major drainage and access problems. The solutions carried a $7,000,000 price tag, and the City could not afford them through conventional means. Juran & Moody suggested tax increment financing as a solution. i City of Centerville, Mimmesota - 13 -