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• Action Requested <br /> After conducting the public hearing on the TIF Plan for TIF District No. 14, <br /> the EDA is asked to adopt the attached resolution. Approval of the Plan is <br /> subject to the execution of a contract for private development which will be <br /> presented to the EDA in May. <br /> It is suggested that the EDA recommend to the City Council that it select the <br /> option out provision for making a qualifying local contribution of 10 percent <br /> of the tax increment financing assistance to the District using funds that <br /> were generated from the land sale of the Industrial Park lot to the. School <br /> District. <br /> s:\e da\meetings\tif l4m m.doe <br /> • <br /> • <br />