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4. Dernonstrares the ability to encourage unsubsidized private developinent through <br /> ,,spin off' development, <br /> 5. Facilitatcs the developtricnt process and achieves development on sites that would <br /> not develop "but for" the use of-FIF. <br /> 6. Removes blight and/or encourages redevelopment of cornniercial and industrial <br /> areas resulting in high qUality redevelopment and private reinvestment. <br /> 7. Offsets redevelopinent costs (i.e. contarninated site cleanup) over and above the <br /> costs normally incurred in development. <br /> 8, Aids the implementation of the Mississippi(-"0iYtzeaiorrs Plan. <br /> Policy Statement's <br /> 1, The primary intent oaf TIFis direct funding for public improvements and secondarily <br /> for developer assistance. <br /> 2, The use of TIFshall be in accordance with state law. The more restrictive language <br /> will apply when a conflict exists between this policy and state law. <br /> 3. Protects must be consistent with the (,onipieheYtsh)e Plan and/or the Alissis,4)'5pi <br /> C"'0111a'al'ons Wall. <br /> 4. projects must be consistent with the Strategic Plan for f.`.conornic Development <br /> and/or the most recent Housing Study. <br /> 5. Preferred projects promote the completion of major public improvement projects <br /> within the city such as the installation of trunk sewer anti water lines and major <br /> transportation projects. <br /> 6. The level of assistance provided will be deterinified on a case--by-case basis as <br /> referenced in Public Purpose. <br /> Based on the extent to which the project achieves the policy statements (1-6 above), the city <br /> will considerTIF for projects in the following categories: <br /> • Manufacturing <br /> • Major office warehouse/production facilities <br /> • Research and development <br /> • Corritnercial projects encouraging substantial redevelopment of substandard <br /> properties <br /> • Housing needs identified in the most recent city housing study <br /> Y <br /> PI1,0,7'011 <br /> ,IS, <br /> Ing <br /> R10111 <br />