01/13/2016 - City Council Finance CommitteeFINANCE COMMITTEE MEETING
WEDNESDAY, JANUARY 13, 2016
1:15 P.M.
CITY HALL
SECOND FLOOR CONFERENCE
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I. AGENDA ADOPTION
II. CEDAR GROVE UPDATE
III. BUSINESS FINANCING POLICY UPDATE
IV. OTHER BUSINESS
V. ADJOURNMENT
Agenda Information Memo
Finance Committee Meeting
January 13, 2016
II. CEDAR GROVE UPDATE
DIRECTION TO BE CONSIDERED:
To receive an update on the status of development within the Cedar Grove
Redevelopment District and provide direction to staff regarding next steps in that
regard.
FACTS:
• A number of projects have been moving forward within the Cedar Grove District. It is timely
to provide the Committee with an update on specific aspects at this time.
ATTACHMENTS: None — Information to be provided at meeting.
Agenda Information Memo
Finance Committee Meeting
January 13, 2016
III. UPDATE PUBLIC FINANCING ASSISTANCE POLICY DISCUSSION
DIRECTION TO BE CONSIDERED:
To discuss further the priorities for public financing assistance and possible additional
options for such assistance.
FACTS:
• At its meeting on September 22, 2015, the Finance Committee reviewed the City's
Business Assistance Policy, which was last updated in 2014. The Committee
discussed policy issues further, but did not recommend any amendments at that
time. The Committee indicated an interest in continuing to discuss the policy at its
future meetings and with the full EDA at the appropriate time.
• This business item will permit a continuation of that discussion.
ATTACHMENTS: None — Information to be provided at meeting.