Laserfiche WebLink
City of <br /> Elk - Request for Action <br /> River O. <br /> To Item Number <br /> Mayor and City Council 4.7 <br /> Agenda Section Meeting Date Prepared by <br /> Consent February 18, 2014 Brian Beeman,Director of Economic <br /> Development <br /> Item Description Reviewed by <br /> Tax Increment Financing Policy&Housing Scoring Jeremy Barnhart,Deputy Director, CODD <br /> Worksheet Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> Approve,by motion,the Tax Increment Financing Policy as recommended by the Economic <br /> Development Authority (EDA) and the Housing and Redevelopment Authority (HRA). <br /> Background/Discussion <br /> As directed by the EDA in December, Springsted has developed a number of recommended <br /> amendments to the Tax Increment Financing Policy to reflect the comments and direction from the two <br /> joint workshops held November 4, 2013, and December 2, 2013. <br /> These changes were to be reviewed by the EDA and HRA before the City Council approves the final <br /> policy. The HRA reviewed the documents at their meeting on February 3, and the EDA on February 18. <br /> Tax Abatement Policy Updates <br /> 1. Edits under Section VI to update statutory reference <br /> 2. Edits to Section VII A to be consistent with City's fee schedule <br /> 3. Edits to Section VIII E to be consistent with City's fee schedule <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • EDA report dated February 18, 2014 <br /> • HRA report from February 3, 2014 <br /> Paw IRLD AY <br /> UREJ <br />