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Memo <br />Ciiy Council <br />Pu�lic Hearing Praposed TI� District - Presbyterian Homes Redevelopment <br />2 <br />Staff Recommendation: <br />1. Adopt Resolution 2010-081, a resoiution approvin.g con.#rac# for private development and <br />awarding the sale of, and providing the %rm, te�cns, covenants and directions for the issuance of <br />its $ l, l I5,000 Tax Increment Revenue Note. <br />2. Adopt Resolution 2010-082, a resolution adapting a modification to the Develapment Program <br />for Development District No. 1; and establishing Taac Increment Financing District No. 4 therein <br />and adopting a Tax Increment Finance Plan therefor. <br />3. Adopt Resolu#ion 2010-083, a resolutian authorizing an interfund loan for advanc� of certain <br />costs in connection with T� Increment Financing District No, 4. <br />