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0 Staff Memo <br /> To: Economic Development Commission Members <br /> From: Cathy Bennett, Economic Development Coordinator <br /> Date: February 16, 1996 <br /> Agenda Item: Consideration of Tax Increment Policies for <br /> (5.B.) new/expanded development in Mounds View <br /> As part of the work plan for 1996, the EDC will develop a Tax Increment Policy for <br /> new and expanding developments. <br /> The last policy was approved in 1986. This policy did not include an application <br /> and/or job requirements. I have attached the 1986 policy, tax increment policies <br /> adopted by several other cities and the last staff report and draft policy that was <br /> discussed by the EDA in relation to future TIF agreements specifically with the <br /> Mounds View Business Park. <br /> . It is good public policy to have guidelines in place so that developers are aware, up <br /> front, what the desires of the community are in relation to providing assistance. Also, <br /> this allows everyone to be on the same playing field. <br /> At this point I would like to develop a framework for items to include in the policy <br /> and then I will draft a policy for your reveiw in March using the ideas generated from <br /> this meeting. <br /> Attachments: <br /> Resolution #1848 (3 pages) <br /> Staff Report 5-5-94 (3 pages) <br /> N.Metro Mayors TIF Policy Statement (1 page) <br /> Elk River (7 pages) <br /> Rochester (4 pages) <br /> Burnsville (12 pages) <br /> • <br />