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12 <br />Heritage Millwork Inc. Recommendation <br />Joint Finance Committee and EDA provided recommendation for <br />approval of the TIF Plan and TIF District to the City Council. <br />Summary of key points: <br />§Primary TIF Use: Land purchase/write-down of $1,378,000 <br />§Requested to be city-funded; City to be paid over time through tax increments <br />§TIF plan includes interest expense and site improvements as eligible expenses <br />§$2,000,000 maximum TIF capacity <br />Page 426 of 464