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BACKGROUND MEMO FOR THE EDA MEETING OF <br />TUESDAY, June 16, 2015 <br />3. APPROVAL OF MINUTES <br />Staff recommends approval of the minutes from the May 19, 2015, EDA meeting as <br />presented. <br />4. UPDATE ON WASHINGTON COUNTY'S ECONOMIC DEVELOPMENT <br />EFFORTS <br />In 2014, Washington County approved its Economic Development Strategic Plan. This <br />includes several strategies and goals with an implementation section outlining action <br />items. One of the goals is to review and update their existing financial incentives and how <br />they provide them to commercial/industrial and housing projects. Staff from Washington <br />County have provided its cities with revisions to the existing TIF and Tax Abatement <br />polices. The "red -lined" versions of the policies are enclosed in the packet. At the <br />meeting staff will provide an overview of the revisions. Washington County will be <br />accepting comments on the revision prior to them being approved by the County Board. <br />Staff recommends the EDA review the policies and provide comment to staff to forward <br />to Washington County. <br />5. DISCUSSION ON MARKETING THE CITY OWNED PROPERTY <br />Staff will provide an update on the marketing efforts for the City owned property in <br />downtown. <br />6. UPDATE ON DOWNTOWN REDEVELOPMENT <br />Staff will provide an update on downtown redevelopment. <br />