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ing tax increment financing housing criteria no longer applicable.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