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06-24-1999
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06-24-1999
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MV EDC
EDC Document Type
Council Packets
Date
6/24/1999
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. <br /> • with them whenever possible. <br /> • The Twin Cities area is currently experiencing one of the lowest levels of <br /> unemployment in modern times, resulting in concerns about the community's <br /> (and the region's) ability to provide an adequate workforce. Mounds View <br /> staff members will, wherever practicable, participate in groups and/or <br /> activities designed to seek solutions to ongoing workforce issues. <br /> • In light of a continuing"legislative inclination" to restrict future use(s) of tax <br /> increment financing, monitor proposed legislation and lobby for <br /> or against legislation, where appropriate. <br /> • Due to the high cost of redeveloping property vs. developing property v 2 . <br /> \ il'1 eek creative solutions to the financing challenges inh-rent • ` 4 <br /> potential edevelo sment project . _(A N., Ai\lywo1J\6, ;�� <br /> e\ tIr,.! \44 t 4 { <br /> ,0 5. FINANCIAL INCENTIVES <br /> • <br /> Tax increment financing and other available forms of assistance will continue to be <br /> used by the City, where and when it is appropriate to do so. City financial assistance <br /> will generally be limited to situations in which its use will enable the City to attract a <br /> new business, retain or expand an existing business, provide new employment i <br /> opportunities, enhance the City's tax base, or otherwise improve the appearance or <br /> vitality of the local business economy. Tax increment financing will be used in a , , <br /> manner consistent with the City's written TIF Policy, which may be amended from <br /> time to time--to-reflect-changes in-the-local economy-and/or the publicassistance <br /> philosophies of the members of the City Council and/or the Economic Development <br /> Authority. <br /> C:\OFFICE\WP WIN\WPDOC S\COMPPLAN.ED6 <br /> III <br /> 8 <br />
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