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REQUEST FOR ECONOMIC DEVELOPMENTAUTHORITYACTION <br />Date:August 29, 2016 <br />Item No.: 8.b <br />Department ApprovalCity Manager Approval <br />Item Description:Receive Presentation from Ehlers, Inc. and Provide Feedback on DraftPublic <br />Financing Policy <br />1 <br />B <br />ACKGROUND <br />2 <br />On August 8 the City Council received a presentation from Stacie Kvilvang, an Economic Development <br />3 <br />Consultant from Ehlers, Inc. Ms. Kvilvang led the City Council throughbackground, benefits, and <br />4 <br />important criteria consideration when developinga public financing policy and application. As part of <br />5 <br />the presentation,Ms. Kvilvang led the City Council through acriteria development chart for the purpose <br />6 <br />of targetingdevelopment/economicpriorities forthe Roseville community. <br />7 <br />8 <br />The Roseville Economic Development Authority (REDA) Commissioners completed the spreadsheet <br />9 <br />which was transmitted to Ehlers, Inc.on August 17 for review. Ehlers, Inc. has reviewed the input and <br />10 <br />has prepared a draft policy for REDA discussion.Representatives from Ehlers, Inc. will walk the <br />11 <br />REDA through the policy and solicit input where greater discussion is needed. A copy of the August 8 <br />12 <br />City Council meeting minutes, memo,and draft policy from Ehlers, Inc. are attached to this report for <br />13 <br />review. <br />14 <br />15 <br />BI <br />UDGET MPLICATION <br />16 <br />No budget implications at this time. <br />17 <br />SR <br />TAFF ECOMMENDATION <br />18 <br />Receive presentation from Ehlers, Inc. andprovide feedback on draft public financing policy. <br />19 <br />RREDAA <br />EQUESTED CTION <br />20 <br />Receive presentation from Ehlers, Inc. andprovide feedback on draft public financing policy. <br />21 <br />22 <br />Prepared by:Kari Collins,Interim Community Development Director <br />Attachment A:August 8City Council Meeting Minutes <br />Attachment B:Memo and DraftPublic Financing Policy <br />Page 1of 1 <br /> <br />