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El .�.� Request for Action <br /> Ricer <br /> To Item Number <br /> Economic Development uthority Finance Committee 4.2 <br /> Agenda Section Meeting Date Prepared by <br /> General Business March 28, 2017 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> EDA Financial Policies Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Consider the changes made to the Economic Development Business Microloan Fund program, the Tax <br /> Increment program,Tax Abatement program, and the Job Incentive Microloan program. <br /> Background/Discussion <br /> Staff,in conjunction with our attorney and financial advisor have reviewed and revised the EDA loan <br /> programs and policies based on discussions over the past year. <br /> The policies are ready for final review by the EDA Finance Committee and will be added to the EDA <br /> agenda for final approval at their April 17,2017, meeting. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Jobs Incentive Microloan Program Policy (Seeded by State MIF Funds) <br /> ■ Economic Development Business Microloan Fund Program <br /> ■ TIF Policy <br /> ■ Tax Abatement Policy <br /> i <br /> 0WEAED 6Y <br /> 4A R <br />