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B. Consideration of Tax Increment Policies for new/expanded <br />development in Mounds View <br />The Comm ssion members reviewed Mounds View's Tax Increment Policy from 1984 and <br />discussed Elk River, Robinsdale and Burnsville's current tax increment policies. Revisions were <br />made to Burnsville's plan to meet the needs of Mounds View. In addition, the commission <br />reviewed the fundability guidelines which is a ranking system for projects requesting tax <br />increment financing. The guideline provides an equitable point system in relation to jobs <br />created, increase in tax base, up front or pay-as-you-go assistance and type of development. <br />Also and application for tax increment financing was reviewed. Staff was directed to draft a <br />policy for Mounds View to be presented at the EDC meeting in May. <br />Reports From Chair, Commissioners and Staff: <br />There were no reports <br />Adjournment <br />There being no further business before the Commission, this meeting of the Economic Development <br />Commission adjourned at 8:00 p.m. <br />Respectfully Submitted, <br />Economic Der1opment Coord nator <br />