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The City has issued Conduit debt on a few projects in the City: Knoll Properties, Pact Charter School. Conduit debt <br /> is allowed by State Statutes 469.152 to 469.1651 (the Industrial Development Act)which allows the City the <br /> authority to issue commercial, industrial and health care revenue bonds or notes to attract or promote economically <br /> sound industry and commerce to the City. State Statute 462C(the Housing Act)allows the City to issue housing <br /> revenue bonds to finance multi-family residential housing projects (City has not used conduit debt for this means). <br /> Only government agencies are allowed to issue conduit debt(tax-exempt issues). <br /> The City has four currently active TIF Districts: TIF 8-Amcor; TIF 9-ACCAP; TIF 14-COR and TIF 15-Life <br /> Fitness. <br /> The question related to the effectiveness of TIF in other communities will be answered at the meeting from the <br /> City's Financial Advisor. <br /> Recommendation: <br /> No recommendation. Review only <br /> Action: <br /> Review and presentation of bonding authority and Tax Increment Financing. <br /> Attachments <br /> No files)attached. <br /> Form Review <br /> Inbox Reviewed By Date <br /> Joe Langel Joe Langel 10/06/2016 10:43 AM <br /> Kurt Ulrich Kurt Ulrich 10/12/2016 03:44 PM <br /> Form Started By:Diana Lund Started On: 10/05/2016 10:19 AM <br /> Final Approval Date: 10/12/2016 <br />