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City of Elk River Tax Increment Financing Policy & Application- Housing <br />Amended April 8 2015 <br />Page 2 of 14 <br /> <br />Table of Contents <br /> <br />I. Policy Purpose 3 <br /> <br />II. Objectives of Tax Increment Financing 3 <br /> <br />III. 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. Meeting Schedule 7 <br /> <br />VIII. Sample But-For Analysis 9 <br /> <br />IX. Application Review Worksheet: <br /> Housing Projects 8 <br /> <br />Application 11 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />