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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Mayor and City Council 4.12 <br />Agenda Section Meeting Date Prepared by <br /> <br />ConsentMay 4, 2015Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Housing Tax Increment Financing (TIF) Policy Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br /> <br />Approve, by motion, the amended Housing TIF policy and score sheet. <br /> <br />Background/Discussion <br /> <br />In 2014, the Housing and Redevelopment Authority (HRA) and the City Council established a Housing <br />TIF Policy, formalizing a tool to assist in the development of housing projects that satisfy city goals and <br />require assistance. The Housing TIF Policy is very similar to TIF policy employed for economic <br />development, where factors such as job growth and wages are a vital consideration. <br /> <br />In April, the HRA reviewed the policy, application, and score sheet. Changes identified there are reflected <br />in the draft policy attached. <br /> <br />Financial Impact <br /> <br />N/A <br /> <br />Attachments <br /> <br /> <br /> <br />Draft 2015 Housing TIF Policy <br /> <br /> <br />Draft 2015 Revised Score sheet <br /> <br /> <br />