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Urban Renewal Agency forwards Emblem Tax-Increment Finance plan to planning commission and taxing districts
Summary
The Bend Urban Renewal Agency voted to forward the Emblem project tax-increment finance (TIF) plan and report for consult-and-confer review by the planning commission and affected taxing districts; the forwarding resolution passed with one member opposed.
The Bend Urban Renewal Agency (BURRA) voted July 16 to forward the Emblem Tax Increment Financing (TIF) plan and report to the Bend Planning Commission, affected taxing districts and the City Council for the consult-and-confer period required by state law.
Staff presented the Emblem plan as an 8.38-acre infill residential project on Ferguson Road that proposes a garden-style apartment development with 264 units and a maximum indebtedness (TIF cap) of $22.1 million…
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