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<br />Table of Contents <br /> <br /> <br /> <br />I.Policy Purpose 3 <br /> <br /> <br />II.Objectives of Tax Increment Financing 3 <br /> <br /> <br />III.Policies for the Use of TIF 4 <br /> <br /> <br />IV.Project Qualifications 5 <br /> <br /> <br />V.Subsidy Agreement & Reporting Requirements 6 <br /> <br /> <br />VI.Application Process for TIF 6 <br /> <br /> <br />VII.Meeting Schedule 7 <br /> <br /> <br />VIII.Sample But-For Analysis 9 <br /> <br /> <br />IX.Application Review Worksheet: <br /> <br /> Housing Projects 8 <br /> <br />Application 11 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />City of Elk River Tax Increment Financing Policy & Application- Housing <br />Amended April 8 2015 <br />Page 2 of 14 <br />