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CC_Minutes_2008_0616
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CC_Minutes_2008_0616
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7/22/2008 12:35:50 PM
Creation date
7/22/2008 12:34:00 PM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
6/16/2008
Meeting Type
Regular
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Interest in TCCCF <br />^ 27 members within the 7-county metro area <br />^ Issued 14 loans totaling $6.7 million in value <br />Funding Source <br />^ Potential funding options <br />^ Existing TIF Funds~utside of scope of TIF <br />^ General fund-potential source <br />~ ^ Enterprise fund-potential source <br />Benefits of Membership <br />^ Demonstrates commitment to the business <br />community <br />^ Both Comprehensive Plan and Imagine Roseville 2025 <br />discuss supporting local businesses that bring quality <br />jobs and new tax base to the community <br />-~ ~ ^ Low-risk tool <br />~~ ~ ^ "Money-back" guarantee <br />^ City not acting as a bank <br />^ High leveragability of investment <br />^ Ability to leverage up to 10 times initial investment for <br />any number of deals <br />Questions... <br />2 <br />
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