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Regular City Council Meeting Monday, August 8, 2016 Page 9 2) Is there any development you wouldn 't consider giving assistance for —(e.g. doesn't meet city goals or for philosophical reasons). Ms. Kvilvang clarified that this information would be anonymous, but provide an overview of public financing preferences and best practice applications to develop a Public Financing Policy for the REDA's review and consideration. With REDA subsequent approval of a draft policy, Ms. Kvilvang noted the public hearing and comment opportunity could then proceed. Councilmember Willmus asked for an electronic copy of the spreadsheet for completion; and Councilmember Laliberte asked far a copy of tonight's Power Point presentation via email. Discussion ensued with Ms. Kvilvang, Ms. Collins and council members includ- ing acknowledgement and separation of city fees as part of the potential subsidy discussion; need far awareness of existing SAC fee deferment or loan programs offered through the Metropolitan Council or city participation in those programs to avoid making decisions in a vacuum; and identification of individual goals de- sired and criteria definition as part of the process and for incorporation in future discussions. At the request of Councilmember Laliberte, Mayor Roe suggested that existing policies used by the city on past projects be considered "old" and that the City Council start fresh using consistent criteria to ensure the policy is relevant going forward. As an example, Mayor Roe noted the many requirements in the existing tax increment financing housing criteria no longer applicable. At the request of Mayor Roe specific to the wage floor concept and a possible tiered approach within a certain range that would apply to the level of assistance depending on the range, Ms. Kvilvang cautioned not to overcomplicate it, but to simply use a floor. Ms. Kvilvang advised that this still allowed for the ability to negotiate but provided staff clear direction on what the REDA was seeking based on whether or not it was seeking higher wage jobs as the key criteria for devel- opment or redevelopment. For clarification purposes, Ms. Kvilvang noted that, for this exercise, salary ex- cluded benefits to keep the analysis and future reporting as simplistic as possible. In response to Councilmember Etten, Ms. Kvilvang agreed that the REDA select either minimum or average wage for their criteria rather than categories; with the ultimate goal being to define what was most important to the city. 12. Public Hearings and Action Consideration