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<br />City of Elk River Tax Increment Financing Policy & Application <br />Amended February 2014 <br />Page 2 of 15 <br /> <br />Table of Contents <br /> <br /> <br /> <br />I. Policy Purpose 3 <br /> <br />II. Objectives of Tax Increment Financing 3 <br /> <br />III. City of Elk River Policies for the Use of TIF 4 <br /> <br />IV. Project Qualifications 5 <br /> <br />V. Subsidy Agreement & Reporting Requirements 6 <br /> <br />VI. Application Process for TIF 6 <br /> <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 /> <br />VIII. Sample But-For Analysis 11 <br /> <br />IX. Application Review Worksheet: <br /> Commercial-Industrial Projects 12 <br /> <br />X. Application Review Worksheet: <br /> Housing Projects 14 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />