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ARDEN HILLS EDA MEETING—FEBRUARY 25, 2013 2 3. CONSENT CALENDAR None. 4. NEW BUSINESS None. 5. UNFINISHED BUSINESS A. Tax Increment Financing and Business Subsidy Policy Community Development Director Hutmacher stated that Stacie Kvilvang from Ehlers & Associates attended the City Council work session on August 20, 2012, and discussed priorities for public financing assistance. She noted that Council discussion at that meeting helped develop the Public Financing Priority Framework as well as the Business Subsidy Policy; both of which were included in the agenda packet for tonight's meeting. Stacie Kvilvang, Ehlers & Associates, presented information on the Public Financing Priority Framework. She reviewed the ranking criteria that she compiled based upon Council discussion at the August 20, 2012, work session. She noted that the predetermined ranking criteria will assist the City in determining how to award business subsidies. Ms. Kvilvang handed out and reviewed several examples of the grading and report cards for potential redevelopment projects. The examples illustrated how each project would rank based on the point values which are determined by the ranking criteria. Discussion ensued regarding the various report card scoring factors. Ms. Kvilvang discussed the draft copy of the Business Subsidy Criteria and City Public Financing Guidelines. Discussion took place regarding the analysis of TIF and Total Tax Capacity. Council consensus was to remove the City of Mounds View from the chart comparing the five- county area urban cities with populations between 8,000 and 50,000 and to have staff recalculate the numbers. City Administrator Klaers stated that staff will re-do the numbers and will bring it back to the April 29, 2013, EDA meeting for further discussion. 6. EDA COMMISSIONER COMMENTS None.