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ECONOMIC DEVELOPMENT DEPARTMENT <br /> MEMORANDUM # 99-17 <br /> October 12, 1999 <br /> To: Honorable Mayor and City Council Member� <br /> From: Rolanda Johnson, Acting City Manager ,/ <br /> A.J. Krieger, Director, Economic Development Department ��� <br /> Re: Agreement with Blank,Wesselink, Cook&Associates,Inc. to provide <br /> assistance for tax increment financing district formulation <br /> The attached resolution and agreement are for the procurement of planning and technical <br /> assistance services for the establishment of a t� increment financing (TIF) district, and <br /> performance of all statutory requirements. <br /> As Council will recall, during the Study Session portion of the July 12, 1999, City Council <br /> meeting, staff sought direction relative to the formulation of a TIF district. Council's direction <br /> was to continue with the planning and preparation necessary to adopt the appropriate <br /> ordinance(s), and create the district. <br /> The attached agreement with Blank, Wesselink, Cook and Associates (BWC) is for planning and <br /> technical assistance in formulation of the district, preparation of the required documents, and <br /> compliance with the various statutory requirements. The contract is written for an amount not to <br /> exceed $45,000. The specific tasks to be performed by both the City and BWC are attached as <br /> an e�iibit to the agreement. BWC will notify the City at 25%, 50%, and 75% intervals of the <br /> not to exceed limit so as to closely monitor project costs. <br /> Also attached to this memorandum is a map detailing the proposed boundaries of the district. <br /> Staff is (re)presenting the map for the purpose of receiving input from Council relative to the <br /> district's boundaries. Once a boundary configuration has been determined, staff will begin the <br /> preparation of the necessary documentation to certify the area's eligibility. <br /> Upon Council approval, City staff and BWC will immediately begin preparing the necessary <br /> documents, and initiate the process of drafting a project area redevelopment plan. The project <br /> timeline calls for a redevelopment plan to be completed in early 2000, and a TIF ordinance to be <br /> presented to Council for approval on May 1, 2000. Funding for this specific activity was <br /> included in the FY 99-00 Economic Development Department budget. <br /> Staff recommends approval of the attached agreement, and is available to answer <br /> questions. <br /> attachments: BWC agreement <br /> district map <br />