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Staff Memo <br /> • To: Economic Development Commission Members <br /> From: Cathy Bennett, Economic Development Coordinator <br /> Date: April 22, 1996 <br /> Agenda Item: Consideration of Tax Increment Policies for <br /> (5.B.) new/expanded development in Mounds View <br /> This item was tabled from the February 22nd meeting. We will focus entirely on the <br /> discussion of the TIF Policy during the April meeting since the work plan for 1996 <br /> includes the development a Tax Increment Policy for new and expanding <br /> developments for the EDA's consideration. <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 I <br /> discussed by the EDA in relation to future TIF agreements specifically with the <br /> IP Mounds View Business Park. <br /> public policyto haveguidelines inplace so that developers are aware, <br /> It is good p 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 May using the ideas generated from <br /> this meeting. In addition, once a policy is drafted, we may want to call in private <br /> developers and/or consultants to provide comment. <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 /> II <br />