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Table of Contents <br />I. Policy Purpose 3 <br />II. Objectives of Tax Increment Financing 3 <br />III. City of Elk River Policies for the Use of TIF 4 <br />IV. Project Qualifications 5 <br />V. Subsidy Agreement & Reporting Requirements 6 <br />VI. Application Process for TIF 6 <br />VII. Application for TIF 7 <br />Applicant Information 7 <br />Project Information 8 <br />Public Purpose 8 <br />Sources & Uses 9 <br />Checklist & Additional Information 10 <br />VIII. Sample But -For Analysis I I <br />IX. Application Review Worksheet: <br />Commercial - Industrial Projects 12 <br />X. Application Review Worksheet: <br />Housing Projects 14 <br />City- of Elk River Tax Increment Financing Policy & Application p D W E B E 0 B T <br />Amended February 2014 /� SURE <br />Page 2 of 15 jy <br />