DDA hears TIF second-reading timing and Brownfield capture implications
Staff updated the board that the DDA TIF ordinance would be on the city's second-reading agenda and explained that tax increment from a Brownfield capture (Marquette project) would be excluded from DDA collection for roughly 17 years (with a potential additional 5-year local capture for a revolving fund). Members emphasized outreach and education about TIF not being a tax increase.
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Staff reminded the board that the DDA TIF ordinance was scheduled for a second reading by the city and outlined the effective timing and implications. Board members asked whether the TIF constituted a tax increase; staff reiterated that the policy captures incremental growth in the district rather than raising tax rates and that the question often requires public education.
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