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Attachment B City of Roseville and Roseville Economic Development Authority Checklist for Public Financing Criteria Project Name______________________________________________________________ Project Address____________________________________________________________ Applications for public financing should consider the following City Objectives and Qualifications from the Business Subsidy Policy adopted by the City Council on October 17, 2016. Please provide a written narrative that lets us know how your project meets the following objectives and qualifications. 1.CityÔs Objective for the Use of Public Financing (#2 of Policy) As a matter of adopted policy, the City may consider using public financing which may include tax increment financing (TIF), tax abatement, bonds, and other forms of public financing as appropriate, to assist private development projects. Such assistance must comply with all applicable statutory requirements and accomplish one or more of the following objectives. Please check all that apply and explain in your written narrative how your project accomplishes the objectives. a) Remove blight and/or encourage redevelopment in designated redevelopment/development area(s) per the goals and visions established by the City Council and EDA. b) Expand and diversify the local economy and tax base. c) Encourage additional unsubsidized private development in the area, either directly or through secondary Ñspin- offÒ development. d) Offset increased costs for redevelopment over and above the costs that a developer would incur in normal urban and suburban development (determined as part of the But-For analysis). e) Facilitate the development process and promote development on sites that could not be developed without this assistance. f) Retain local jobs and/or increase the number and diversity of quality jobs g) Meet other uses of public policy, as adopted by the City Council from time to time, including but not limited to promotion of quality urban design, quality architectural design, energy conservation, sustainable building practices, and decreasing the capital and operating costs of local government. 2.Projects that May Qualify for Public Financing Assistance (#4 of Policy) All new applications for assistance considered by the City must meet each of the following minimum Qualifications/Requirements. It should not be presumed that a project meeting these qualifications will automatically be approved for assistance. Meeting the qualifications does not imply or create contractual rights on the part of any potential developer to have its project approved for assistance. Please check all that apply and explain in your written narrative how you envision your project meeting the following Qualifications/Requirements. a) In addition to meeting the applicable requirements of State law, the project shall meet one or more of the public financing objectives outlined in Section 1. b) The developer must demonstrate to the satisfaction of the City that the project is not financially feasible Ñbut forÒ the use of tax increment or other public financing. c) The project must be consistent with the CityÔs Comprehensive Plan and Zoning Ordinances, Design Guidelines or any other applicable land use documents. d) Prior to approval of a financing plan, the developer shall provide any requested market and financial feasibility studies, appraisals, soil boring, private lender commitment, and/or other information the City or its financial consultants may require in order to proceed with an independent evaluation of the proposal.