2.1.
CC Work Session
- Meeting Date:
- 06/25/2019
Information
Title:
Review Business Subsidy Request for DeltaModTech - Consider Establishing TIF District 17 and Approving a TIF Agreement
Purpose/Background:
DeltaModTech (through holding companies SLP EX, LLC and AMP EX, LLC) has submitted a request for Tax Increment Financing (TIF) assistance. This case is also scheduled for the Regular Agenda this evening as a Public Hearing. The case for Regular Agenda is attached here for reference. The purpose of Work Session Review is to provide time and space to ask clarifying questions prior to in depth review and policy direction.
Timeframe:
Up to 30 minutes.
Funding Source:
If approved, financing for a business subsidy would come from a proposed new 9-year TIF District (TIF #17) and $10,000 fee from SLP EX, LLC and AMP EX, LLC (Delta ModTech). Please see the Regular Agenda Case for specifics.
Responsible Party(ies):
Community Development Director
Economic Development Manager
Economic Development Manager
Outcome:
Update of project specifics and the process involved to create a TIF District and award a Business Subsidy/Financial Assistance.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Sean Sullivan | 06/19/2019 02:56 PM |
| Sean Sullivan (Originator) | Sean Sullivan | 06/19/2019 02:56 PM |
| Brian Hagen | Tim Gladhill | 06/20/2019 02:47 PM |
| Kurt Ulrich | Kurt Ulrich | 06/20/2019 03:03 PM |
- Form Started By:
- Sean Sullivan
- Started On:
- 06/19/2019 02:45 PM
- Final Approval Date:
- 06/20/2019