HomeMy WebLinkAbout1995-01-04 NAC Ltr to Bob Voto F N Nort.hwest Associated Consultants, Inc.
A C U R B A N P L A N N I N G • D E S I G N • M A R K E T R E S E A R C H
4 January 1995
Mr. Bob Voto
Tautges, Redpath & Company Ltd.
4810 White Bear Parkway
White Bear Lake, MN 55110
RE: Oak Park Heights - St. Croix Mall TIF Amendment:
1995 Street Improvement Project
FILE NO: 798.02 - 95.01
Dear Bob:
I have compared the proposed assessment area with the area of the TIF Plan authorized
improvements. The street improvements south of 57th Street North were not authorized in the
TIF Plan. Therefore, the TIF Plan will need to be amended to include those activities.
The TIF Plan has sufficient budget authority to cover all current and anticipated tax increments.
The TIF Plan has a $489,000 street improvement and $97,500 capitalized interest budget
authority. Your 5/17/93 report identified public improvement expenditures to date of only
$150,078.
The TIF Plan amendment will require the following:
1. HRA call public hearing.
2. Thirty day notice to School District and County of public hearing and economic impact.
3. HRA to hold public hearing.
5775 Wayzata Blvd. - Suite 555 • St. Louis Park, MN 55416 • (612) 595 - 9636 -Fax. 595 -9837
Mr. Bob Voto
4 January 1995
Page Two
We will prepare the following documents to accomplish the above:
1. Resolution calling public hearing.
2. Notice to School District and County.
3. Public hearing notice.
4. TIF Plan amendment.
5. HRA resolution adopting plan amendment.
The public hearing can be scheduled for approximately .45 days of the HRA calling the public
hearing. I will discuss this date with Mike Robertson.
Sincerely,
NORTHWEST ASSOCIATED CONSULTANTS, INC.
Daniel H. Wilson
Director of Financial Analysis
PC: Mike Robertson
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LOCATION PLAN (Project Location A" Rosene
OAK PARK HEIGHT'S, MINNESOTA FIGURE ssoci GURE 1 A t d
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1994 STREET PROGRAM
K. \55 \55113 \55113F07 JANUARY 1994 COMM. 55113