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07-22-1999
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07-22-1999
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Last modified
8/20/2018 5:37:47 AM
Creation date
8/20/2018 5:37:45 AM
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MV EDC
EDC Document Type
Council Packets
Date
7/22/1999
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. (/(/6 fla' I ' ' <br /> r 40 <br /> the lowest levels of unemployment in modern times, resulting in concerns <br /> 0 about the community's (and the region 's) ability to provide an adequate , 1 <br /> workforce, participate in groups and/or activities designed to seek solutions ;l <br /> to ongoing workforce issues. <br /> • In light of a continuing "legislative inclination" to restrict future use(s) of dip <br /> tax increment financing, monitor proposed legislation and lobby for or '� <br /> against legislation, where appr. ,nate. • <br /> • Due to the high cost of redev'loping property vs. developing property, <br /> participate in seeking creati 'e solutions to the financing challenges inherent in <br /> potential redevelopment p r.jects. 4 „S <br /> ; '117(ti ,,'1 1,A/Sso'‘)A,v 12./A/6`/\/Vt I <br /> 5. FINANCIAL INCE 'TIVES / t <br /> Tax increment financing and ether available forms of assistance will continue to be i°4(4'At( <br /> used by the City, where and , hen it is appropriate to do so. City financial.assistance <br /> will generally be limited to si ations in which its use will enable the City to attract a /i <br /> new business, retain or expane an existing business, provide new employment Q 2 <br /> opportunities, enhance the Ci ,'s tax base;or otherwise improve the appearance or <br /> vitality of the local business cc.' omy. Tax increment financing will be used in alit <br /> manner consistent with the City' written TIF Policy, which may be amended from t <br /> i AVC <br /> time to time to reflect changes in thr local economy and/or the public assistance <br /> philosophies of the members of the 'ty Council and/or the Economic Development <br /> Authority. <br /> < 1 \ op4 , , <br /> `(„P <br /> wVV --(,_ <br /> C:\OFFICE\ WINN <br /> WPDOCS\COMPPLAN.ED7 � ��,G"v " �� !` <br /> �� - ' Uel/ '. _ __. _ 1 <br /> i lv"--- molt. / <br /> N' <br /> • 8 ► <br /> r\ <br /> V <br />
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