Title
AN ORDINANCE APPROVING REDEVELOPMENT PROJECT 1 FOR THE VILLAGE AT VIEW HIGH TAX INCREMENT FINANCING PLAN AND ACTIVATING THE COLLECTION OF TAX INCREMENT FINANCING REVENUES THEREIN.
Body
Issue/Request:
This ordinance will approve Project #1 of the Village at View High TIF Plan and initiate tax increment financing in the Project Area.
Key Issues:
See the attached memorandum from Gilmore & Bell.
Proposed City Council Motion:
AN ORDINANCE APPROVING REDEVELOPMENT PROJECT 1 FOR THE VILLAGE AT VIEW HIGH TAX INCREMENT FINANCING PLAN AND ACTIVATING THE COLLECTION OF TAX INCREMENT FINANCING REVENUES THEREIN - I move for second reading.
Background:
See the attached memorandum from Gilmore & Bell.
Presenter
Presenter:
Rich Wood, Gilmore & Bell, Economic Development Counsel for the City
Recommendation
Recommendation:
Staff recommends first reading only.
Committee Recommendation
Committee Recommendation:
On June 26, 2017, the Tax Increment Financing Commission adopted Resolution 2017-2 by a vote of 8 -1 to recommend the City Council approve the Village at View High Tax Increment Financing Plan.