5.7.
CC Regular Session
- Meeting Date:
- 01/25/2011
- By:
- Heidi Nelson, Administrative Services
Title:
Consider TIF District 14 Plan Amendment
Background:
On December 14, 2010, the City Council approved the TIF Plan for the new COR TIF District. Following that approval, documents have been forwarded to the County for certification of the new district. As a part of that process, staff became aware that several parcels were inadvertently omitted from the parcel list utilized in the December 14th materials presented to the Council. The parcels that staff is asking to add to the parcel list for the new district does not change the boundary of the district nor does it change the budget for the district. Given there is no change in the boundary of the district and the budget, Springsted has advised staff that this amendment can be done by a resolution passed by the City Council, and that no public hearing is required.
Attached to this case is the amended TIF Plan and resolution for Council consideration.
Notification:
No public hearing is required for this action.
Recommendation:
Staff recommends approving the TIF Plan Amendment as proposed.
Council Action:
Authorize Resolution Amending the TIF District 14 Plan.
Fiscal Impact
- Budgeted Y/N:
- Y
- Budgeted Year:
- 2010
- Fund:
- HRA
Funding:
Funding for the TIF Plan was provided by the HRA fund.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 01/20/2011 05:23 PM |
- Form Started By:
- hnelson
- Started On:
- 01/18/2011 06:45 PM
- Final Approval Date:
- 01/20/2011