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RHRA Meeting Minutes – Monday, August 29, 2016 Page 2 Specific to the $15,000 allocated for market research in that recommendation, and at the request of Member McGehee, Ms. Kelsey advised the nature of the market research would be in conjunction with and to assist with the comprehensive plan update. Mayor Roe noted another purpose of the market study was to inform economic development strategies, based on his recollection of past discussions, and confirmed by Ms. Kelsey Referencing the April 5, 2016 memorandum from Finance Director Chris Miller to Community Development staff (Attachment A), Member Etten asked staff to expound on remaining funds of $600,000 in Tax Increment Financing District No. 12 (Arona site), in addition to an additional $160,000 collectable in 2016, with the District scheduled for decertification at the end of 2016 and potential uses the REDA could capitalize on before that occurred. Ms. Kelsey advised that the REDA may want to use some of the funds for the Dale Street project, as the funds were eligible for acquisition purposes. If further consideration was desired by the REDA, Ms. Kelsey advised that the REDA would need to amend the district as other uses were not available at this time. McGehee moved, Willmus seconded, authorizing the formal transfer of $81,500 from Housing Replacement/Single Family Construction Program Fund (Account 720) to the EDA General Operating Fund (Account 723) to fund 2016 Proactive Economic Development Priorities. Ayes: McGehee, Willmus, Roe, Laliberte, and Etten Nays: None. Motion carried. b.Economic Development Financing Policy Discussion Interim Community Development Director Kari Collins introduced Economic Development Consultant Stacie Kvilvang and Jason Aarsvold of Ehlers, Inc. addressing feedback provided by the REDA for development of a Public Financing Policy and solicit additional input where more refinement was needed. As part of their presentation, two bench handouts were added to the staff report, including nine questions or policy discussion points and a spreadsheet compiling and summarizing all responses from individual REDA members. As part of her presentation, Ms. Kvilvang reviewed the spreadsheet and draft ranking criteria, and noted areas of consensus and those nine areas still needing clearer direction. Ms. Kvilvang reviewed EDA statutory requirements as part of those REDA priorities. Ms. Kvilvang reviewed areas of agreement, noting quality of jobs was a priority while job retention had not been a huge priority,