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subsequent meeting. Additionally, the project may be subject to other city processes such as zoning amendment <br />applications. Finally, the developer is looking to apply for other forms of public assistance, notably federal and state <br />programs. In the event the project is awarded additional funds, the city will conduct a review of the updated project <br />financials to ensure prudent use of TIF. <br />Financial Impact <br />The project is requesting TIF at the maximum allowed by city policy for a housing district. The developer would <br />receive up 90% of the tax increment generated from the project during the entirety of the TIF district. <br />Mission/Policy/Goal <br />The request meets the city's TIF policy criteria including public purpose criteria and overall policy statements. <br />Attachments <br />■ Resolution Establishing Tax Increment District No. 28 <br />■ Application Information <br />■ Draft Minutes from November 30, 2021, Joint Finance Committee <br />■ Review Memo from Baker Tilly <br />■ TIF District No. 28 Program and Plan <br />■ Comments received from Sherburne County <br />