Board debates TIF terminology and when indicators should be set
Members pressed staff to distinguish 'project' (plan area) from 'activity' (TIF agreement), and to clarify when indicators and reimbursement markers would be adopted and reported.
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Board members and staff spent substantive time clarifying terminology in the strategy, with Bill Schramm urging precise language about when tax increment financing (TIF) is declared and how reimbursement markers are defined. Schramm said, "You don't need to have any specific TIF agreements when you adopt a project or a plan area" and emphasized that activities that trigger TIF can happen later.
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