Item Coversheet

10.C.3.


Shakopee City Council
September 19, 2017


FROM:Michael Kerski, Planning & Development Director
TO:Mayor and City Council
Subject:
Set Public Hearing regarding the creation of a TIF Plan and  District in downtown Shakopee
Policy/Action Requested:
Set Public Hearing date for November 8, 2017
Recommendation:
Set Public Hearing date for November 8, 2017
Discussion:

City Council is required to hold a public hearing prior to the adoption by resolution of a TIF Plan and District. 

 

Prior to the Public Hearing, written notice must be made to the County Commissioners and the County and School District must receive a draft TIF.  The Planning Commission then would review the TIF Plan and make a recommendation to the City Council.  There is then a public notice published in the local paper.

 

Attached is a brief summary of the TIF regulations.

 

LHB has also competed a very preliminary review of possible TIF areas that are highlighted on the attached map. 

Budget Impact:
ATTACHMENTS:
Description
TIF Summary
TIF Analysis