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Magna CRA to review white paper on possible redevelopment district tied to Ivory Homes project
Summary
Staff told the Magna Community Reinvestment Agency that a white paper outlining infrastructure options and a 10-year tax-increment projection tied to the Ivory Homes development will be circulated tomorrow; the board tabled formal action for a future meeting.
Magna Community Reinvestment Agency staff said on Dec. 9 that a white paper outlining options for a potential redevelopment district will be sent to board members tomorrow and discussed at a subsequent meeting.
Dan Torres, identified in the meeting as a staff member, told the board the prospectus — not yet in members’ meeting packets — includes assumptions and quantified project lists for infrastructure near Mahogany Ridge and Cordero Drive at 4100 South. "I prepared kind of a white paper prospectus outlining ... outlining…
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