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EDA Agenda Memo <br /> December 3, 1997 <br /> Page 8 <br /> iphas discussed with them that this would be an unlikely scenario based <br /> upon the following: <br /> • An unavailability of funds should a West Business Park <br /> project proceed <br /> • A trucking facility may not warrant the best incentive the city <br /> has to offer (i.e. up front tax increment dollars) <br /> • The city has provided street improvements and is committed <br /> to paying a portion of the cost of a signal at 171st Avenue to <br /> facilitate this project at no cost to the business <br /> Staff has discussed a pay-as-you-go with Morrell Companies and feels <br /> they will agree that this is an accepted method of providing this tax <br /> increment incentive. <br /> Attachments <br /> • Morrell TIF Application <br /> • Schedule for Establishing TIF District No. 18 <br /> Recommendation <br /> Staff recommends the EDA request the City Council to call for a public <br /> hearing to be held on April 6, 1998, to establish Tax Increment <br /> Financing District No. 18. <br /> • <br />