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Council approves updated economic development policies including TIF and triple‑bottom‑line rubric
Summary
Council approved a package of revised city policies (including tax‑increment financing policy 306, sales tax incentive grant policy 309, and a new triple‑bottom‑line policy 321) that add equity, environment and economy criteria and revised thresholds for incentive awards; staff recommended approval after a multi‑year review.
City Manager Paul Racino presented revised council policies on Aug. 13 that city staff and council members had reviewed over the past four years. The most significant changes affect economic development governance: Policy 306 (tax‑increment financing) was rewritten to…
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