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ARDEN HILLS CITY COUNCIL—APRIL 29, 2013 9 <br /> Mr. Olsen explained that the rental rate would be $279 per month plus $60 per month for <br /> paper/ink and maintenance. <br /> Mayor Grant inquired if the City has an increased need for this piece of equipment due to the <br /> redevelopment of the TCAAP site. <br /> Director of Finance and Administrative Services Iverson stated that this is the case noting the <br /> printer will also be used for public works and parks items. <br /> MOTION: Councilmember Holden moved and Councilmember McClung seconded a <br /> motion to authorize the purchase of a Canon ipf760 M40 in the amount of <br /> $6,995 from CES Imaging and authorize the City to enter into a S60 monthly <br /> contract with them to provide, toner/ink, and service on the device. The <br /> motion carried (5-0). <br /> B. Business Subsidy Criteria and City Public Financing Guidelines <br /> Community Development Director Hutmacher stated earlier this evening that the EDA met and <br /> discussed the business subsidy criteria and City public financing guidelines. She commented the <br /> maximum percentage of the City's total tax capacity that could be captured within tax increment <br /> financing districts was also discussed. The EDA made several changes to the business subsidy <br /> criteria. She reviewed the document changes in detail with the Council and recommended <br /> approval of the business subsidy criteria and public financing guidelines as amended; along with <br /> approval of the Public Financing Proposal Grading and Report Card. <br /> MOTION: Councilmember McClung moved and Councilmember Werner seconded a <br /> motion to approve the Business Subsidy Criteria and City Public Financing <br /> Guidelines as amended by the EDA; to approve the Public Financing Proposal <br /> Grading and Report Card; and, adopting a City guideline of 6% for the <br /> maximum percentage of the City's total tax capacity that should be captured <br /> within tax increment financing districts. <br /> Councilmember Holden suggested the maximum percentage of the City's total tax capacity be <br /> written into one of the two documents for future reference. <br /> City Administrator Klaers stated that the percentage amount could be written into the Public <br /> Financing Proposal Grading and Report Card. <br /> Councilmember Holden requested that this percentage be written into the Business Subsidy <br /> Criteria and City Public Financing Guidelines. <br /> Councilmember Holmes suggested that a line be added to the Public Finance Principles section, <br /> under Item 12. The Council agreed with this friendly amendment. <br /> The motion carried (5-0). <br /> C. Request for Pro-Rated Refund of Liquor License Fees <br />