Committee advances Grama Eagle TIF amendment that clarifies increment capture and developer bonds
The committee recommended approval of an amended development agreement and ordinance language for the Grama Eagle project to clarify how tax-increment financing (TIF) increment is captured and distributed to developer-purchased conduit bonds and project components.
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The Budget Finance Committee advanced an ordinance amendment for the Grama Eagle development that adjusts how tax-increment revenue is captured and distributed among project components and developer-purchased bonds.
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