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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 inoderate 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 inemo. <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 />MMIT , <br />• Springsted TIF 24 Memo <br />• Black Hawk Woods Application (re- scored) <br />• Resolution Recominending Calling for Public Hearing for proposed TIF District No. 24 <br />• HRA Black Hawk Housing TIF Packet, dated October 7, 2013 <br />