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Ells -Vft <br /> _ Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.7 <br /> Agenda Section Meeting Date Prepared by <br /> General Business February 3,2014 Brian Beeman,Director of Economic <br /> Development <br /> Item Description Reviewed by <br /> Housing TIF Policy Jeremy Barnhart,Deputy Director, CODD <br /> Reviewed by <br /> Action Requested <br /> Review and approve by motion, the Tax Increment Financing Policy and recommend to the City Council <br /> on same. <br /> Background/Discussion <br /> At the December 2,2013 joint City Council/HRA workshop,it was suggested that both the HRA and <br /> FDA review the current Tax Increment Financing Policy before the City Council approves the final <br /> policy. Springsted,the city's financial consultant, has updated the policy to reflect the comments and <br /> direction from the two joint workshops.A copy of the proposed updated policy is attached. (Updated <br /> TIF Policy) Mikaela,who represents Springsted will be available for any questions. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • Updated TIF Policy <br /> • Joint Workshop Minutes dated Nov 4, 2013 <br /> • Joint Workshop Minutes dated Dec 2,2013 <br /> P 0 W F R I U 0 <br /> WfI <br /> R <br />