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Redevelopment Authority approves TIF territory and allocation amendments, planning extension and façade grant policy change
Summary
The authority approved a territory amendment to remove a parcel from TID 5, an allocation amendment shifting $3.7 million from TID 12 to two other TIDs, a 30-day planning option extension for Habitat parcels, and an update to the commercial façade materials grant policy; all motions carried.
At its meeting the Redevelopment Authority voted to approve several consent and public hearing items: a territory amendment to remove Parcel 15-168-A from Tax Increment District (TID) 5; an allocation amendment to move $3.7 million from TID 12 to two other TIDs; a 30-day extension to a planning option for Habitat for Humanity on three Broadway parcels; and an update to the commercial façade materials grant policy that shifts final approval authority to the development director for materials-only awards.
TID 5 territory amendment: Staff said the request removes a parcel (15-168-A) from TID 5 — an older downtown TID…
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