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Council backs moving forward with restated LDFA development and TIF plan; final adoption targeted for Nov. 10
Summary
Council voted to express support for a restated Local Development Finance Authority plan and TIF plan that would extend the LDFA to Dec. 31, 2045 and is projected to capture $14–$16 million over 20 years; final approval awaits taxing-jurisdiction reviews and a November vote.
Rochester Hills City Council on Sept. 8 voted to express support for a 2025 restated development and tax increment financing (TIF) plan for the Rochester Hills Local Development Finance Authority (LDFA), clearing an early procedural step toward final adoption.
City staff told council the LDFA — created in 1994 and with a 2009 plan that would otherwise sunset — is…
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