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AGENDA ITEM #5.1 <br /> City Of <br /> Pequot <br /> Lakes==^_- <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Rich Spiczka- City Administrator <br /> Date: January 5, 2020 <br /> Subiect: TIF District— Heart of the Good Life Development <br /> Report: <br /> The City of Pequot Lakes is exploring the potential of creating TIF District in <br /> relation to the Heart of the Good Life development. In order to do so we are <br /> looking to hire David Drown Associates, led by Jason Murray, to lead this process. <br /> The fee is a lump sum of$5,500 plus expenses (not to exceed $500). Note: <br /> Sourcewell may provide assistance up to $3,000 for this process. <br /> The City of Pequot Lakes must also schedule a public hearing regarding the TIF <br /> District. <br /> Council Action Requested: Motion to approve hiring David Drown Associates to <br /> establish the Heart of the Good Life TIF District. <br /> Motion to schedule the Heart of the Good Life TIF District public hearing on <br /> March 2, 2021. <br />