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Request for Action <br />ToItem Number <br />Economic Development Authority8.1 <br />Agenda Section Meeting DatePrepared by <br /> <br />Work SessionApril 17, 2017Amanda Othoudt, EDD <br />Item Description <br />Reviewed by <br />Tax Increment Financing PolicyCal Portner, City Administrator <br />Reviewed by <br /> <br />Action Requested <br /> <br />Review and discuss the Tax Increment Financing Policy review wor-housing projects. <br />Background/Discussion <br />Staff has been working with our attorney, financial advisor,and the EDA Finance Committee over the <br />past several months to conduct an annual review of all financial incentive policies. <br />On March 28, the EDA Finance Committee reviewed the Tax Increment Financing Policy as it relates to <br />each TIF district. Staff has added the requirements of each stat to the policy. The policy <br />addresses both Housing and Non-Housing TIF projects for one streamline application. <br />The EDA willreview and discuss the TIF review worksheet for non-housing projectsfor consistency <br />with the EDAs objectives and goals. <br /> <br />Further review of the TIF policy for housing and redevelopment p <br />HRA meeting. The complete policy will be presented to the council for discussion at their <br /> <br />Financial Impact <br />None <br />Attachments <br /> <br />Property Tax Abatement Policy <br />