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November 2013 EDC Supplemental Meeting Notes Page 3 o The model also shows the potential impacts of consolidating development on fewer blocks in the event the MPCA restricts development on Blocks B and E to only surface parking. If we maximized development in this case, the site could accommodate about 66,000 SF of additional office space (376,500 SF vs. 310,400 SF). In turn, this generates about $8.2M of additional value, $2.5M of additional tax increment, and$2.1M of additional cash for Fund 460. To the extent the City realizes development sooner or more produce more density, there is the potential to generate more increment that could be used to recover additional resources that were invested by the City (i.e. Municipal Development Fund 460). On the other hand, if we don't meet the Minimum Development Scenario, the City would have to explore other options for future NBE debt service needs. In addition to the NBE Dashboard, also attached is an excerpt of the TIF Management Report that Ehlers has prepared. This document summarizes the current list of active TIF districts; lists the City's outstanding pooled debt obligations; provides an overview of TIF district market value changes over time; and how the City compares to other communities. Any feedback from the EDC on the usefulness of this reporting tool would be appreciated. D. Update on Marketing Activities Attached is a copy of the marketing report for the month of October from Colliers. Staff and officials from Colliers and Ryan held a monthly conference call on November 5th and a couple of new prospects have emerged (highlighted in red font at the bottom of the report). One of these prospects is a company already based here in New Brighton (Cardiovascular Systems, Inc.). CSI has apparently received FDA approval for a new product and is looking to expand as that product launches commercially. Colliers and Ryan have suggested that an elected official reach out to the company as congratulatory gesture and remind the company of New Brighton Exchange. Staff will work with the city manager and mayor on this correspondence. In other marketing news, staff has received direction to work with Ryan and Colliers on the placement of a construction trailer on the east side of Old Highway 8, with visibility to the I-35W and I-694 interchange. The trailer will be temporary and is intended to create the impression of activity on the site. The parties need to finalize the details and schedule for placement, either this fall or next spring. V. 2013 Year in Review Staff will provide a written summary at the meeting next Wednesday of the major EDC accomplishments for 2013. This information will serve as the basis for a report to the City Council in January 2014, which will be handled by Chair Zisla.