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11-30-2021 JOINT FINANCE COMMITTEE PACKET
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11-30-2021 JOINT FINANCE COMMITTEE PACKET
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11/29/2021 3:36:15 PM
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11/29/2021 3:22:52 PM
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City Government
type
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date
11/30/2021
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<br />N:\Departments\Community Development\Economic Development\EDA\Administrative\Agenda\Joint Finance Committee Agenda <br />Packets\2021\11-30-2021\4.1 sr TIF Application Jackson Hills II use.docx <br />Following the JFC recommendation, the application will be reviewed by the Planning Commission for <br />conformance to the Comprehensive Plan, and HRA for a final recommendation to the City Council for <br />consideration of approval. <br /> <br />Financial Impact <br />The project is requesting TIF at the maximum allowed by city policy for a housing district. The developer <br />would receive 90% of the tax increment generated from the project during the entirety of the TIF district. <br /> <br />Mission/Policy/Goal <br />The request meets the city’s TIF policy criteria including public purpose criteria and overall policy statements. <br /> <br />Attachments <br /> Submitted TIF Application <br /> Memorandum from Baker Tilly <br />
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