Laserfiche WebLink
Memorandum <br />To: Mayor and Council <br />From: Mary Divine <br />Date: 7/16/01 <br />Re: EDAC recommendations on Tax Abatement Policy <br />cc: <br />EDAC is recommending the following minor corrections and clarifications to the draft <br />Lino Lakes Tax Abatement Policy: <br />IV. Policies for the Use of Tax Abatement, <br />• Letter e: Change wording to "Tax Abatement may not be utilized in <br />cases where it would create an unfair and significant competitive <br />financial advantage over other projects and/or existing businesses in <br />the area. <br />• Letter f: Change to "Tax Abatement may not be used for projects...." <br />V. Project Qualifications, Section. b., second bullet: <br />Change the wording to read "Commercial or industrial development, expansion, <br />redevelopment, or rehabilitation." <br />VII. Application Process for Tax Abatement, Section B: Change to "It is recommended <br />that applicants intending to seek Tax Abatement from the affected county or school <br />district..." <br />