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� <br />EN HILLS <br />Request for Council Action <br />P�epared By: Sue Iversoz�, Director of Finance and Council Meeting Date: December 13, 20I0 <br />Administrative Services <br />Public Hearing Proposed TIF Distr�cf — Presbyterian Hames Redevelapmen� <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Recommendation: <br />I. Motio� to ado�� Resolution 2010-OSl, a resolutior� approving contract �or private <br />development and awarding the sale of, and providing the form, terms, covenants <br />and directions for the issuance of its $1,115,000 Tax I�crement Revenae Note. <br />2. Motio� to adopt Resole�#ion 2010-082, a resolution adoptiug a rn�di�cation to the <br />Development Program for Development District Na. 1; and �stablishing Tax <br />Inerement Financing District No. 4 therein and adapting a Tax Increment Finance <br />Plan therefor. <br />3. Motipn to ado�rt Resolution 20� 0-083, a resolutioa� a�a�ho�ezing �re �nterfunt� loa�a fmr <br />advance of certain cos#s in connection with Taat Increment Financing District No. 4. <br />Supportin� Doc[�men�ts: <br />1. Memo from Sue Iverson, dated December 13, 2010 <br />2. Tax Increment Financing District Overview <br />3. Resolution 2010-0$1 <br />4. Contract for Development <br />5. Resalution 2014-082 <br />6. Modification to the Development Program for Development Districi No. 1 <br />7. Tax Increm�nt Financir�g Plan for District No. 4 <br />8. Resolution 2010-083 <br />