CPED seeks comments on fee policy
The Community Planning & Economic Development Department (CPED) of the City of Minneapolis is proposing an amendment to the City’s Public Financial Assistance Fee Policy.
If approved by the City Council, the amendment would:
- increase the application fee charged to developers requesting tax increment financing, tax abatement or Leveraged Investment Fund assistance to $2,000 (the current application fee is $1,000); and
- allow the CPED Director to authorize staff to spend time and financial resources to continue the analysis of a developer’s application for tax increment financing, tax abatement or Leveraged Investment Fund assistance. Currently, City Council approval is required to continue staff analysis of a developer’s application beyond preliminary analysis. Affected neighborhood groups will receive a copy of the CPED Director’s authorization to continue analysis of an application.
It is anticipated that the amendment will be considered by the City Councils Community Development Committee on Monday, November 14 at 9:30 a.m. in Room 317 City Hall and by the Ways & Means/Budget Committee on Monday, November 14 at 1:30 p.m. in Room 317 City Hall. The full City Council is expected to consider the amendment on Friday, November 18.
Comments are welcome and should be directed to:
105 5th Avenue South, Suite 575
Minneapolis, Minnesota 55401-2534
Comments are due by Monday, October 31.
September 16, 2005
Published Sep 16, 2005