Economic Development and Innovation Committee Meeting

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Tax Increment Grant Program – Draft Policy

Staff from several departments have collaborated on this draft to incorporate feedback and suggestions from City Council. The revised draft policy includes changes or additions to several areas such as: adding a section to clarify stronger enforcement and accountability obligations of the developer through the TIG contractual obligations and a section on community engagement expectations associated with potential TIGs. Additionally, changes are included in the Investment Categories and Capacity Limits sections of the updated draft to simplify and clarify these sections.