03-14-2005o
PLANNING COMMISSION
AGENDA
March 14, 2005
7:00 p.m.
Work Session Items
ITEM #1 PC Report #7 Tax Increment Financing (TIF) and Housing Fund
discussion by Rebecca Kurtz from Ehlers and Associates,
Inc. and Bruce Nordquist, City staff.
Adjournment
Auxiliary aid for individuals with disabilities are available upon request.' Requests must be
made at least 96 hours in advance to the Administrative Service's Director at 612/861-
9702".
J
AGENDA SECTION
AGENDA ITEM #
REPORT #
CASE #
STUDY SESSION
PLANNING COMMISSION STAFF REPORT
STUDY SESSION DATE: MARCH 14, 2005
ITEM FOR PLANNING COMMISSION CONSIDERATION:
Discussion with Ehlers and Associates on the basics of tax increment financing (TIF) and a
discussion with Richfield Housing and Redevelopment Manager on the housing fund and how
they relate to the work of the Planning Commission.
I. RECOMMENDED ACTION:
No action is necessary.
II. BACKGROUND
Presentation by Ehlers and Associates on tax increment financing (TIF) and a
discussion with the Richfield Housing and Redevelopment Manager on the housing fund
and how they relate to the work of the Planning Commission.
III. BASIS OF RECOMMENDATION
A. POLICY
N/A
B. CRITICAL ISSUES
N/A
C. FINANCIAL
N /A.
D. LEGAL
N/A
IV. ALTERNATIVE RECOMMENDATION(S)
N/A
V. ATTACHMENTS
Introduction to Arts Commission
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
Rebecca Kurtz, Ehlers and Associates
Bruce Nordquist, Manager of Housing and Redevelopment