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Table of Contents <br />I. Policy Purpose 3 <br />II. Difference Between Tax Abatement & <br />Tax Increment Financing 3 <br />III. Objectives of Tax Abatement <br />3 <br />IV. Policies for the Use of Tax Abatement 4 <br />V. Project Qualifications <br />5 <br />VI. Subsidy Agreement & Reporting Requirements 6 <br />VII. Application Process for Tax Abatement 7 <br />Ciry of Elk River 7 <br />Application to Other Jurisdictions 7 <br />VI11. Application for Tax Abatement 8 <br />Applicant Information 8 <br />Project Information 9 <br />Public Purpose 9 <br />Sources & Uses 10 <br />Additional Documentation and Checklist 11 <br />IX. Sample But-For Analysis <br />12 <br />X. Application Review Worksheet 13 <br />XI. City of Elk River Business Subsidy Policy 15 <br />City of Elk River <br />Tax Abatement Policy <br />Amended May 2006 <br />2- <br />