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<br />Item 7.5. <br /> <br /> <br />MEMORANDUM <br /> <br />FROM: <br /> <br />Mayor & City Council <br />Catherine Mehelich, Director of Economic Developmenw <br />September 20, 2004 <br /> <br />TO: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Consider Modification of the Development Program for <br />Development District No.1 and the Establishment of a Tax <br />Increment Financing Plan for Downtown Phase I Tax <br />Increment Financing District No. 22 (a redevelopment district), <br />and the awarding of a Business Subsidy, Public Hearing - <br />RESCHEDULE FOR NOVEMBER J, 2004. <br /> <br />Attachment <br />. TIF District 22 Map <br /> <br />At its July 6, 2004 meeting the City Council called for a public hearing on the Modification <br />of the Development Program for Development District No.1, the establishment of a <br />Downtown Phase I Tax Increment Financing District No. 22, and the awarding of a <br />Business Subsidy. <br /> <br />Due to the addition of four parcels to the TIF District, staff requests that the public hearing <br />on this issue be rescheduled for November 1, 2004. As a result of the TIF District change, <br />the County and School District will be re-notified and provided a revised TIF Plan and the <br />new date of public hearing and revised TIF District map will be republished in accordance <br />with statutory requirements. <br /> <br />H:ISHRDOCIDowntown RevitalizationlTIFITIF Plan DOC519-20 Council Memo.doc <br />