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Community Assets & <br /> Development Department <br /> <br /> MEMORANDUM <br /> <br /> <br />DATE: May 31, 2018 <br /> <br />TO: Economic Development Commission <br /> <br />FROM: Janice Gundlach, Asst. Director of Community Assets & Development/Planning Director <br /> <br />SUBJECT: TIF Management Plan & NBE Financial Dashboard Update <br /> <br />The City’s public finance consultant Ehler’s recently completed an update to the City’s Tax Increment <br />Financing (TIF) Management Plan. This document is a comprehensive review of all the City’s TIF districts <br />and their overall financial health. As has become customary over the last few years, staff has arranged <br />for Ehler’s to attend the June meeting to walk Commissioners through the Executive Summary of the plan <br />and answer any questions the Commission may have. <br /> <br />This year, the New Brighton Exchange Financial Dashboard was also updated. This document is a more <br />comprehensive financial summary that tracks TIF performance and interfund loans to New Brighton <br />Exchange. Ehler’s will walk Commissioners through this document as well. Be advised this document <br />makes a lot of assumptions about future development and market values over the long term. This <br />document is a tool to help staff, commissions, and Council understand the financial potential in New <br />Brighton Exchange, but does not necessarily reflect actual financials in future years. <br /> <br />Because there are new members to the Commission, Ehler’s will begin the discussion with a brief overview <br />of TIF, then will move through the Executive Summary of the TIF Management Plan. Jason Aarsvold with <br />Ehler’s will lead this discussion. <br /> <br />The Executive Summary and NBE Financial Dashboard are attached. <br /> <br /> <br />