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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 /> Business Subsidy Policy Updates <br /> 1. Edits to Section I to update statutory reference <br /> 2. Edits to Section 11 to clarify definition of business subsidy <br /> 3. Edits to Section V(A.)to clarify intent <br /> 4. Edits to Section V(E.)to update minimum wage requirement <br /> a. Subject to discussion—some alternates to consider <br /> i. At least state or federal minimum wage,whichever is greater, exclusive of benefits <br /> ii. Wage of higher or$_/hr or_%federal minimum wage, exclusive of benefits <br /> iii. %of most recent median wage figure for County <br /> iv. %of federal poverty level <br /> V. %of minimum wage <br /> 5. Removal of Section VI. (included under Section 11) <br /> 6. Edits to Section VII to be consistent with statutory requirement <br /> 7. Edits to Section VII I for clarification <br /> Thank you for the opportunity to be of assistance to the City of Elk River. We look forward to discussing in greater <br /> detail at the February 18, 2014 scheduled meeting. I can be reached at 651-223-3036 or mhuot(cDspringsted.com <br /> with any questions or comments. <br />