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• Given the circumstances' surrounding request for TIF District <br /> No . 12, staff (that is , the EDA Executive Director and ED <br /> Coordinator) are recommending that in event the upcoming TIF <br /> request is denied, the application fee (less expenses) be <br /> refunded. <br /> Prior to 1991 , TIF projects required a high level of out of <br /> pocket expenses . This is due in large part to the TIF plan <br /> being prepared externally. Recently, the City staff has taken <br /> on this function, and generally, no involvement by consultants . <br /> is required. Out of pocket expenses are limited to public <br /> hearing notices . The bulk of the administrative expenses <br /> revolve around the preparation of a contract for private <br /> development. With TIF Plan No. 12, this activity will likely <br /> not occur until Council approval of the TIF request. <br /> ACTION REQUESTED <br /> The EDA is asked to refund Tax Increment Financing application <br /> fee (less expenses) on the TIF No. 12 in the event the request <br /> is denied. If TIF No. 12 is approved, the fee would be usedto <br /> cover additional expenses . <br /> • <br />