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<br />b. Memo from Krass Monroe dated September 8,2004 providing a <br />summary and explanation of the sources and uses for the proposed <br />Phase I project (NOTE: This is the same memo that Mr. Casserly <br />reviewed with the Council at your September 13 Council Meeting.) <br /> <br />c. Glossary of Public Financing and Tax Increment Related Terms <br /> <br />d. Why is Tax Increment Financing Necessary for Redevelopment Report <br />prepared by Community Development on March 18, 2004 <br /> <br />e. Roseville's last adopted (2/10/97) Tax Increment Policy (NOTE: Since <br />the Council last revised the City's Tax Increment Policy in 1997, the <br />state legislature has made some fundamental changes in TIF and tax <br />laws.) <br /> <br />2.0 SUGGESTED COUNCIL ACTION <br /> <br />2.1 Open the public hearing, ask Mr. Noonan or Mr. Casserly to summarize the <br />current financial concept and proposal, and take public comment regarding <br />the financing issues relating to the proposed Phase I Twin Lakes <br />development project. <br /> <br />2.2 In addition, review the interpretation by Jim Casserly and the City Attorney <br />of what must be completed as of September 30, 2004 by the Master <br />Developer and the City Council as part of the current Contract for Exclusive <br />Negotiation between the City and Rottlund Homes. (NOTE: At your <br />September 27th Council Meeting, the Council will be asked to take whatever <br />action the Council deems appropriate under that Contract.) <br /> <br />Prepared by: Dennis Welsch (651-792-7071), Cathy Bennett (651-792-7072) <br /> <br />\ \Metro-inet. us\roseville\CommDev\PLANNING _AND _ ZONING\PLANNING ]ILES\3500- 3549\3 543 _Twin Lakes Implement-Rottlund\ Twin <br />Lakes Finance Plan\RCA_Twin Lakes Public Hearing Finance Plan(092004).doc <br /> <br />PF3543 - RCA (09-20-04) - Page 2 <br />