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Item No. 6A <br />Meeting Date: July 27th, 2000 <br />Type of Business: EB <br />EB: EDC Business <br />IN: Informational Item <br />Citv of Mounds View Staff Report <br />To: Economic Development Commission <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Tax Abatement Finance Policy Revisions <br />Date of Report: July 17, 2000 <br />Background: <br />At the June meeting of the Economic Development Commission, the Commission discussed the use of tax <br />abatement in Mounds View, and suggested several changes to a proposed tax abatement policy. <br />Changes based on the preliminary review of the policy are highlighted in bold italics and are contained on <br />pages 4, 5, 8, and 17. The two primary changes include adding a section highlighting the use of <br />abatementwith regard to public infrastructure (page 8) and the incorporation of two additional bonus point <br />categories in the evaluation tool (page 17). <br />Necessary Actions: <br />Evaluate the revisions contained within the proposed Tax Abatement Finance Policy and subsequently <br />recommend a policy to the Economic Development Authority. <br />Aaron Parrish, Economic Development Coordinator <br />(763) 717-4029 <br />N:\DATA\GROUPS\ECONDEV\EDC\Staff Reports\StafibO\07-6A.doc <br />