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• <br /> -AS. EN HILLS <br /> MEMORANDUM <br /> DATE: April 3, 2008 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director <br /> SUBJECT: TCAAP & Business Subsidy Policy <br /> BACKGROUND <br /> • Stacie Kvilvang will be present to update the committee on TCAAP. When the project gets further along, <br /> the committee will be asked to comment on various financial aspects. This will be a good opportunity to <br /> let the committee know the status of the project is and an estimated timeline. <br /> The Economic Development Commission (EDC) has been working on a Business Subsidy Policy. <br /> Attached is a draft of the policy in its current form. <br /> DISCUSSION <br /> The EDC is expected to finalize the document in April and recommend it to the Council for adoption. <br /> The Financial Planning and Analysis Committee (FPAC)has been asked to review the policy and provide <br /> comments to the City Council. <br /> ACTION <br /> Discussion and comments for the City Council on the Business Subsidy Policy. <br /> • <br /> \\Metro-inet\ArdenHills\Admin\Committees\FPAC\2-12-08-CIP Plan.doc <br />