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Adopted 5/12/97 <br /> Within the City but outside of TIF Districts <br /> Financing from the dedicated tax increment fund can be provided in annual installments to the applicant based <br /> on the positive cash flow balance in the Economic Development Authority's dedicated tax increment fund and <br /> need for assistance based on analysis of the"but for"test for the project. The dedicated tax increment fund <br /> includes a value based on the use and is adjusted along with the budget process and goals and objectives for <br /> economic and redevelopment on an annual basis. <br /> APPLICATION FOR TAX INCREMENT FINANCING ASSISTANCE: <br /> The Mounds View Economic Development Authority requires that an Application for Tax Increment <br /> Financing Assistance(Attachment A)be completed and a deposit be collected from the applicant for the <br /> EDA's consultants to investigate the feasibility and need for providing Tax Increment Financing assistance <br /> (Attachment B). <br /> SUBMITTAL OF APPLICATION FORMS: <br /> Applicants requesting Tax Increment Financing assistance within an existing district or in the creation of a <br /> new district, shall be required to complete and submit the following: <br /> 1. Application for Tax Increment Financing Assistance <br /> 2. Deposit for Review of Tax Increment Financing Assistance <br /> N:\DATA\GROUPS\ECONDEV\TIF\TIFPOL.EDA <br /> 3 <br />