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<br />. Changed the $5,000 application fee to a non-refundable deposit with the provision <br />that professional services in excess of the deposit shall be paid by the applicant. <br />. Added "Market Value/Tax Base Generation" to the application scoring worksheet <br />(Section IX) <br /> <br />Recommendation <br />In addition to the above provisions staff requests the EDA's discussion and direction on the <br />way that tax abatement is presented to the city and provided to developers. In the past staff <br />has presented the amount of tax abatement as a future value. Conversely with tax increment <br />fInancing projects in the past the staff has discussed the amount of tax increment fInancing <br />provided in a present value (has principal and interest). <br />