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TABLE OF CONTENTS <br />Policy Purpose 3 <br />Objectives of Tax Increment Financing3 <br /> <br />Policies for the Use of TIF 3 <br /> <br />Statutory TIF Districts4 <br /> <br />Project Requirements 5 <br /> <br />Project Qualifications 6 <br /> <br />Subsidy Agreement and Reporting Requirements 7 <br /> <br />Public Information Notice 7 <br /> <br />Application Process for TIF 8 <br /> <br />Signature Page 9 <br /> <br />Application 10 <br /> <br />But-For <br />Sample Analysis 17 <br /> <br />Application Review Worksheet: 18 <br />Non-Housing Projects <br /> <br />Application Review Worksheet: 20 <br />Housing Projects <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />City of Elk River Tax Increment Financing Policy & Application <br />Amended March 2017 <br />Page 2 of 15 <br />