Commission Recommends Amendment to Economic Development Plan to Support About 50 Single-Family Homes
The commission recommended an amendment to the city's economic development plan to designate an allocation area and use TIF dollars for infrastructure to support roughly 50 single-family homes; the recommendation moves next to the City Council and final redevelopment steps.
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The Area Planning Commission voted to recommend a redevelopment resolution that would amend the economic development plan and designate an allocation area to phase in infrastructure for roughly 50 single-family homes, allowing the city to leverage TIF (tax increment financing) revenues for the work.
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