Laserfiche WebLink
City of <br /> Elk - Request for Action <br /> River O. <br /> To Item Number <br /> Economic Development Authori 6.2 <br /> Agenda Section Meeting Date Prepared by <br /> General Business February 18, 2014 Brian Beeman,Director of Economic <br /> Development <br /> Item Description Reviewed by <br /> Tax Abatement Policy Jeremy Barnhart,Deputy Director, CODD <br /> Reviewed by <br /> Action Requested <br /> Approve by motion,the Tax Abatement Policy and recommend to the City Council on same. <br /> Background/Discussion <br /> As Springsted, the city's financial consultant was reviewing the TIF policy and other economic <br /> development policies of the city,minor inconsistencies were identified. In an attempt to streamline the <br /> policies and be consistent with current State Statutes, Springsted has developed recommendations to <br /> update the policies. A copy of the proposed updated policy is attached. A representative from Springsted <br /> will be available for any questions. <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 /> ■ Updated Tax Abatement Policy <br /> P0WIHEU AT <br /> UREJ <br />