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Common Council approves creation of Tax Increment District No. 17 and project plan; moves to Joint Review Board
Summary
The Common Council voted 6–1 to create Tax Increment District No. 17, approve its project plan and establish its boundaries. City staff said the TID is structured for mixed-use development and that developer agreements will include pay-as-you-go provisions and minimum value guarantees.
The Common Council on Jan. 20 approved a resolution creating Tax Increment District (TID) No. 17, approving its project plan and setting the district’s boundaries. The motion passed 6–1 and will next go to the Joint Review Board.
City staff told council members the proposed TID is a mixed-use district structured under statutory provisions for mixed-use development, not a blight or brownfield designation.…
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