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Committee advances Grama Eagle TIF amendment that clarifies increment capture and developer bonds
5433270 · July 17, 2025
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Summary
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.
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.
Staff said the change codifies an allocation area and clarifies the mechanism by which increment…
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