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CITY COUNCIL AND CITY STAFF <br />2006 – 2007 ACTION PLAN <br /> <br />Goal 4: Develop an economic development philosophy, including alternatives to TIF to stimulate economic development, <br />address TIF issues and develop a revised TIF policy <br /> <br />A. Economic Development Policy <br />Staff Leader: Jim Ericson, Community Development Director <br />ACTION STEPS TARGET <br />DATE(S) <br />PERSON <br />RESPONSIBLE WORKING WITH <br />Review current economic development policies (e.g., <br />TIF, business subsidy, tax abatement). <br />March 6, 2006 Jim Ericson City Council/EDA <br />Review and discuss recommended changes to current <br />policies. <br />April 3, 2006 Jim Ericson City Council/EDA <br />Develop an economic development philosophy. May 1, 2006 City Council/EDA Jim Ericson, Aaron Backman <br />Introduce draft ED policy for feedback/review May 12, 2006 Jim Ericson Aaron Backman, EDC, public <br />Adoption of City ED policy June 12, 2006 City Council Action Jim Ericson <br />Revise City comprehensive plan. April 2007 Jim Ericson Planning Commission <br /> <br />B. TIF Policy <br />Staff Leader: Jim Ericson, Community Development Director <br />ACTION STEPS TARGET <br />DATE(S) <br />PERSON <br />RESPONSIBLE WORKING WITH <br />Review TIF Numbers - financing discussion with <br />regard to other projects. <br />March 6, 2006 Jim Ericson City Council, Aaron Backman <br />Define questions: decide what City should include in <br />TIF policy. <br />March 13, 2006 City Council action Jim Ericson, Aaron Backman <br />Integrate into other City policies (e.g., economic <br />development policy, street financing, housing stock <br />rehabilitation). <br />April 3, 2006 Jim Ericson City Council <br />Review recommendations from staff (review other <br />city’s policies). <br />May 8, 2006 City Council Jim Ericson, Aaron Backman <br />Finalize TIF policy. May 22, 2006 City Council action Jim Ericson, Aaron Backman <br /> <br />