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\;,4 <br /> ityof <br /> Jlk River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Marc Nevinski, Acting Director of <br /> Economic Development <br /> DATE: April 10, 2000 <br /> SUBJECT: EDA Meeting Agenda <br /> 5. Discuss the Appointment of Larry Koenig to the EDA <br /> Mayor Klinzing is considering the appointment of Larry Koenig to the <br /> EDA to fill the vacancy left by Tom Bender. However, the Mayor requests <br /> that the EDA provide input on the matter before the recommendation is <br /> presented to the City Council. <br /> 6. Update of Strategic Industrial Marketing Plan —Anita S. Duckor <br /> Anita S. Duckor, of Duckor & Associates, will discuss the progress to date <br /> • of the Strategic Industrial Marketing Plan and highlight several key <br /> pieces of information that have been produced thus far. <br /> Attachments <br /> • Phase I — Informational Analysis <br /> • Phase II —Assessment <br /> 7. Public Hearing— Consider Adoption of Tax Rebate Financing (Tax <br /> Abatement) Policy <br /> Issue <br /> As you will recall, the EDA reviewed the proposed Tax Rebate Financing <br /> policies at its March 13, 2000 meeting and provided staff with feedback. <br /> Several modifications have been made and are presented for your review. <br /> Background <br /> The EDA's primary issue of concern related to the use of TRF for <br /> residential projects (Section V, Subdivision b) that served a public <br /> purpose. Staff has amended the provision to allow residential projects to <br /> utilize TRF under a separate set of housing guidelines and only with the <br /> recommendation of the HRA. Although additional research is needed <br /> before a set of housing guidelines can be drafted, TRF would only be <br /> • provided to residential projects that would fill a need not met by the <br /> market. <br /> 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • TDD &Phone: (612)441-7420 • Fax: (612) 441-7425 <br />