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� <br />� <br />5. <br />6. <br />:, <br />9. <br />ECONO�iIC DEVELOPBIENT POLICY IM�L�MENTATION GUILDELINES <br />Can the City pool tax increm nt�� <br />The City will continu� t� pool tax increments for purposes <br />tnat the Council deems worthy. These pooling funds will be <br />derived only from the available surpluses from existing <br />projects, or new projects where a reasonable "but for" is <br />shown. Projects will not be created as tax increment <br />projects for the sole purpose of pooling. <br />�• •• �- � � _ <br />-- '• _ � • �- <br />!• •. � �., �. <br />• <br />In the cas� sah�re a�.ignificant proj�ct would be proposed <br />outside of the targeted area and it would negatively impact <br />the development in the target area, that development should <br />no� be enco«raged or financially supported by the City. <br />_, .,.. ,. �_ �_ _ <br />- . - • • .. • _ � � <br />• � • •• - •� • •� 1 1•1 <br />• '! <br />In view of the fact that th� City is serving as a major <br />source of financing For a number of redevelopment projects, <br />the City � consider alternative ways of working with new <br />pro�ects ��hich could re�urn no�, tax rev�nue while still <br />assisting said developmen�s. <br />� . ---._� • �_ ��. � _ <br />Tne Ci�y has received market analysis relating to hotels, <br />housing, of�ice, and office servi�ce d�velopment. The <br />absorption recommendations in the studies will be used as a <br />g�neral guide for future deveiopment. In instances where <br />developrn�nts negatively impact current City investments, the <br />developer will be requireci to show research during �he <br />�lanning process to th� Plac�ning Commission and Council,, <br />inc]icating why this barticular developm�nt wo�ald not cr+�ate <br />a negativ� impact on City investment prio�ities. <br />.. � <br />-� •• 1-! • • <br />Proposals in the city's target area were rec�uesting <br />financial assistance, sha11 be r�viewEd but not limited to <br />tl�z followiiig principles: <br />Znc;orpoxat�s uniqu� �lannin� cc�nc����, provides the most <br />intensive u5e oF tY�e land, practicable, utilizes design and <br />m�terials which must enhance the quality o� the aevelopmen�, <br />and imag� of the city, consic�ers its developm�rzt im,�act on <br />the imr�ediate ar�a, addresses a rieed �Eor r�creational and <br />cultural am�niti�s, and provides maximum emp].oyment <br />opportunities and t1x base. Developmen�s not requesting <br />city financial participation wi11 also be encouzaged �o <br />