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• Corporate headquarters or large corporate campuses • Development that achieves the highest, best use of an individual parcel or area • Infrastructure improvements that will facilitate additional development in areas of existing use • Redevelopment projects that are consistent with the economic development goals of the City of Eagan For more information regarding TIF,please request a copy of the City's Informational Packet for Tax Increment Financing. 2. Zoning Bonuses and Incentives—Zoning codes can allow bonuses for density, setback, height, use, etc. to developments that meet defined public purpose goals. For example, a development could be allowed to build additional floors of office space in exchange for the provision of ground floor retail and service businesses, such as daycare, restaurants, dry cleaners and banks which may allow employees to reduce reliance on automobile use and thereby encourage transit services. 3. Property Tax Abatements and Exemptions—Local governments can waive portions of property tax payment with the cooperation of the School District and the County. Typically property tax waivers are used to foster redevelopment in situations where there is a clear public benefit (i.e. clean up of polluted lands). 4. Housing Assistance Programs - Local governments can assist the construction or - renovation of housing designed to meet a public need(typically low to moderate income housing or special needs housing). The programs can vary from low interest loans for renovation to subsidy of new construction. 5. Redevelopment Grant Programs—Grant funding can be offered to stimulate private redevelopment of an area. This is typically done in a defined area and for specific types of redevelopment. 6. Pollution Clean Up Programs—There are a variety of State and Federal programs to assist cities and the private sector with clean up of polluted sites. These vary from technical assistance,to low interest loans and grants. 7. Low Interest Financing (construction, gap and/or permanent)- Government can provide lower than market rate financing for projects or portions of projects that accomplish significant public goals and that would not occur solely with private financing. Typically this funding is backed by the sale of public bonds. 8. Mortgage-backed revenue bonds—Local governments can issue bonds to help pay for development and redevelopment projects. A portion of the revenue from the new development mortgages is pledged to retire the bond debt. 9. Direct Contributions (full or partial funding of land or improvement costs)— Governments can directly fund parts of development projects. This can vary from D 7 4 Od