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Ole <br />7L r% M <br />j. 1 18 19 8 6 <br />TO: City Council <br />FROMp Jim Andr <br />SUBJECT: PORT AUTHORITY LOANS--POLICY STATEMENT <br />WaLthin the past flew years, both the Federal and State governments <br />have been attempting to further restrict the use of tax 'increment <br />and !D�',B biondis. it 'is 11"kely the effort will continue and • <br />isu,ccessf ul,. <br />in <br />This policy,sould not preclude tihe combined use of <br />Al G <br />,financial, tolols (i,.e., IDiBIs or CDBG's), but would <br />I I <br />market rate, 1"interest l oans is the method the City <br />I " i I <br />assist development " n the C'ty of Roseville <br />FWILTW"41 � <br />other <br />say lower than <br />would use to <br />