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Action Requested <br /> <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 /> <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 /> <br />s:\eda\meetings\tif14mm.doc <br /> <br /> <br />