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9.1. EDSR 09-18-2023
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9.1. EDSR 09-18-2023
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9/14/2023 5:07:50 PM
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9/18/2023
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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Economic Development Authority 9.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session September 18, 2023 Brent O’Neil, Economic Development Director <br />Item Description Reviewed by <br />Moyer Properties – TIF No. 26 Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Item presented for information and discussion purposes. <br /> <br />Background/Discussion <br />Staff has held continuing discussions with Shoot Steel regarding the status of Tax Increment Financing (TIF) and <br />the possibility of adding an additional job-creating tenant in the facility. <br /> <br />Staff will provide updates and is looking for continued feedback from the EDA on this topic. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Support existing businesses. <br /> <br />Attachments <br /> None <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br />Updated: January 2023 <br /> <br />
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