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Item No. 6A <br /> Meeting Date: July 27th, 2000 <br /> Type of Business: EB <br /> • EB: EDC Business <br /> IN: Informational Item <br /> City of Mounds View Staff Report <br /> To: Economic Development Commission <br /> From: Aaron Parrish, Economic Development Coordinator <br /> Item Title/Subject: Tax Abatement Finance Policy Revisions <br /> Date of Report: July 17, 2000 <br /> Background: <br /> At the June meeting of the Economic Development Commission,the Commission discussed the use of tax <br /> abatement in Mounds View, and suggested several changes to a proposed tax abatement policy. <br /> Changes based on the preliminary review of the policy are highlighted in bold italics and are contained on <br /> pages 4, 5, 8, and 17. The two primary changes include adding a section highlighting the use of <br /> abatement with regard to public infrastructure(page 8)and the incorporation of two additional bonus point <br /> categories in the evaluation tool (page 17). <br /> Necessary Actions: <br /> Evaluate the revisions contained within the proposed Tax Abatement Finance Policy and subsequently <br /> recommend a policy to the Economic Development Authority. <br /> • <br /> Aaron Parrish, Economic Development Coordinator <br /> (763) 717-4029 <br /> • <br /> • <br /> N:\DATA\GROUPS\ECONDEV\EDC\Staff Reports\Staff00\07-6A.doc <br />