Laserfiche WebLink
Item No. 5B <br />Meeting Date: June 12th, 2000 <br />Type of Business: EDA <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; EDA: EDA Business <br /> <br />City of Mounds View Staff Report <br />To: Economic Development Authority <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Tax Increment Finance Policy Revisions <br />Date of Report: August 7, 2018 <br /> <br />Background: <br /> <br />At the June 5th Work Session, the Council examined the proposed TIF policy contained on pages 3- <br />17. Per Council direction, Attachment C, beginning on page 15 has been adjusted to reflect <br />reduced square footage associated with building demolition and any potential job loss. Project <br />square footage and new job creation have essentially been replaced with net project square footage <br />and net job creation indicators. <br /> <br />In addition, language directing the EDC to examine potential parcels for decertification on an annual <br />basis has also been incorporated into Section IIV (language is highlighted in bold italics on page 6). <br />Aside from the aforementioned modifications, the policy remains relatively unchanged from the June <br />5th Work Session. A resolution adopting the policy can be found on the proceeding page for your <br />review. <br /> <br />Necessary Actions: <br /> <br />Review, modify, and subsequently adopt the TIF Policy contained on pages 3-17. <br /> <br />______________________________________ <br />Aaron Parrish, Economic Development Coordinator <br />(763) 717-4029 <br />