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CC* bakerti ll <br />now, for tomorrow. <br />City of Elk River TI F Policy Public Purpose Objectives <br />1. Demonstrate long-term benefits to the community <br />2. Retain local jobs and/or increase number and diversity <br />3. Significantly increase commercial/industrial tax base <br />4. Demonstrate ability toHencourage unsubsidized private <br />development through spin off development <br />5. Facilitate and achieve development on sites that would not <br />develop "but for" the use of Tl F <br />6. Removes blight and/or encourages redevelopment of <br />commercial and industrial areas resulting in high quality <br />redevelopment and private reinvestment <br />7. Offset redevelopment costs over and above normal costs <br />