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A. Tax Increment Finance Policy Revisions <br /> 4 After discussing revisions to the TIF policy from the previous meeting, a motion <br /> recommending the Economic Development Authority adopt the revisions to the tax increment <br /> finance policy was presented. <br /> Motion/Second: Carlson/Walther <br /> Motion Carried 6 ayes 0 nays <br /> B. Mermaid Hotel and Banquet Center TIF Application <br /> Economic Development Coordinator Parrish outlined the proposed project and the nature of <br /> the nature of the TIF request. After discussing the proposed request, a motion <br /> recommending the Economic Development Authority give preliminary approval of the <br /> Mermaid's application for tax increment finance assistance was introduced: <br /> Motion/Second: Field/Carlson <br /> Motion Carried 6 ayes 0 nays <br /> C. Business Retention Visits <br /> After discussing the various facets of conducting business retention visits, the Commission <br /> III decided to conduct visits after regularly scheduled meetings. To the extent possible, it was <br /> determined that the visits should be prioritized based current city issues and concerns <br /> expressed by businesses. <br /> 8. Adjournment <br /> There being no further business before the Commission, this meeting of the Economic <br /> Development Commission adjourned at 8:30 a.m. <br /> Respectfully Submitted, <br /> _,,,in <br /> Aaron Parrish <br /> Economic Development Coordinator <br /> N:\D ATA\GROUPS\EC OND E V\EDC\M inutes\M i n00\06-22-00.do c <br />