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NEW BUSINESS <br />MEMORANDUM <br />DATE:April 29, 2013 <br />TO:Honorable Mayor and City Councilmembers <br />Patrick Klaers, City Administrator <br />FROM:Jill Hutmacher, Community Development Director <br />SUBJECT:Business Subsidy Criteria and City Public Financing Guidelines <br />Requested Action <br />1.Approve the Business Subsidy Criteria and City Public Financing Guidelines <br />2.Approve the Public Financing Proposal Grading and Report Card <br />3.Adopt a City guideline on the maximum percentage of the City’s total tax capacity that <br />should be captured within tax increment financing districts <br />Background/Discussion <br />The Economic Development Authority discussed the items listed above at the April 29, 2013 <br />EDA meeting. <br />Attachment <br />Business Subsidy Criteria and City PublicFinancing Guidelines <br />Public Financing Proposal Grading and Report Card <br />11 <br />Page of <br />