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Staff Memo <br /> To: Economic Development Commission Members <br /> From: Cathy Bennett, Economic Development Coordinator <br /> Date: August 16, 1996 <br /> Subject: Review and Discussion of Revised Draft Tax Increment <br /> (5.D.) Policy <br /> Please refer to your materials from the scheduled July meeting. <br /> We will review recommendations from the City's Tax Increment Consultant Briggs & <br /> Morgan and Casserly Molzahn and Associates with regards to the policy. I have attached <br /> their comments for your review. In addition, I have redrafted the policy to address some <br /> of the concerns but we still may want to reevaluate the purpose of the policy and what <br /> our goals and objectives are in reviewing the use of tax increment funds. <br /> Also for those that were unable to be at the last meeting I have attached handouts that <br /> give a summary of tax increment financing. <br /> • <br />