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ECty lk - _ Request for Action <br /> River <br /> To Item Number <br /> Housing& Redevelopment Authori 7.1 <br /> Agenda Section Meeting Date Prepared by <br /> General Business March 3, 2014 Brian Beeman, Director of Economic <br /> Development <br /> Item Description Reviewed by <br /> Recommend Setting Public Hearing for Black Jeremy Barnhart, Deputy Director, CODD <br /> Hawk Housing Tax Increment Financing Reviewed by <br /> Action Requested <br /> Authorize by motion, recommending to the City Council setting a Public Hearing for Monday,April 21, <br /> 2014, for proposed Tax Increment Financing (Housing) District No. 24 (Black Hawk Woods Housing <br /> Project). <br /> Background/Discussion <br /> The City Council approved an update to the TIF policy on February 18, 2014. Springsted has reviewed <br /> and re-scored the Blackhawk Senior living project utilizing the newly updated housing TIF scoring <br /> worksheet. The project scored on the low end of the moderate scale with a rating of 22;however, this is <br /> enough points to bring the project forward for consideration. As part of the TIF process, a Public <br /> Hearing held by the City Council is required. The County and School are also required to be notified. <br /> A description of the Black Hawk project is outlined in the attached October 7, 2013, regular HRA <br /> meeting staff memo. <br /> Springsted, the city's Financial Consultant,will be available if needed to answer any questions pertaining <br /> to the project. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • Springsted TIF 24 Memo <br /> • Black Hawk Woods Application (re-scored) <br /> • Resolution Recommending Calling for Public Hearing for proposed TIF District No. 24 <br /> • HRA Black Hawk Housing TIF Packet, dated October 7, 2013 <br /> r pI1EIEI 11 <br /> NATUREJ <br />