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Award contract August 28, 2006 City Council Action November 27, 2006 <br />Begin Construction September 11, <br />2006 <br />Contractor December 11, 2006 <br />Goal 4: Develop an economic development philosophy, including alternatives to <br />TIF to stimulate economic development, address TIF issues and develop a revised <br />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 <br />ACTION STATUS <br />Review current economic development policies (e.g., <br />TIF, business subsidy, tax abatement). <br />March 6, 2006 Jim Ericson Completed <br />Review and discuss recommended changes to current <br />policies. <br />April 3, 2006 Jim Ericson Completed <br />Develop an economic development philosophy. May 1, 2006 City Council/EDA Completed <br />Introduce draft ED policy for feedback/review May 12, 2006 Jim Ericson Completed <br />Adoption of City ED policy June 12, 2006 City Council Action Final Draft reviewed by Council <br />July 10th – Referred to EDC for <br />additional comments <br />Revise City comprehensive plan. April 2007 Jim Ericson <br /> <br />B. TIF Policy <br />Staff Leader: Jim Ericson, Community Development Director <br /> ACTION STEPS TARGET <br />DATE(S) <br />PERSON <br />RESPONSIBLE <br />ACTION STATUS <br />Review TIF Numbers - financing discussion with <br />regard to other projects. <br />March 6, 2006 Jim Ericson Completed <br />Define questions: decide what City should include in <br />TIF policy. <br />March 13, 2006 City Council action Completed <br />Integrate into other City policies (e.g., economic April 3, 2006 Jim Ericson Ongoing