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Financial Impact <br />The JFC and EDA are recommending a city abatement amount of $138,204 over 11 years. This amount is sourced <br />from new city property taxes generated on the project site and is not financed by city or EDA funds. <br />Mission/Policy/Goal <br />Attract new business development to Elk River to build the city's economic vibrancy, job offerings and tax base. <br />Attachments <br />■ Resolution <br />■ Abatement Agreement <br />■ Application <br />■ Scoring Rubric <br />■ Financial Advisor Analysis to JFC <br />■ Property Area Map and Site Elevations <br />■ Additional Submissions <br />■ Summary Notes from JFC <br />N:APublic Bodies\Agenda Packets\05-15-2023\Fugal\x7.3 sr Beaudiv Tax Abatementdocx <br />